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Fannie Mae Redemption

Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issue on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the dates of redemption:

All amounts in U.S. Dollars unless otherwise specified)

Principal Security Interest Redemption
Amount Type Rate Maturity Date CUSIP Date
$1,000,000,000 MTN 5.500% September 29, 31359MX81 June 29, 2007
2008
$750,000,000 MTN 5.500% December 29, 31359M2Q5 June 29, 2007
2008
$500,000,000 MTN 5.625% June 29, 2009 3136F7E37 June 29, 2007
$250,000,000 MTN 5.750% June 29, 2009 31359MT45 June 29, 2007
$50,000,000 MTN 6.000% June 29, 2010 3136F7L21 June 29, 2007
$25,000,000 MTN 4.250% June 29, 2012 3136F7BX4 June 29, 2007

Fannie Mae is a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America.- PR Newswire, UK

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