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Press Release

Fannie Mae Announces Benchmark Buyback Results

June 4, 2002


Jason Lobo


WASHINGTON, DC -- Fannie Mae (FNM/NYSE), the nation's largest source of financing for home mortgages, today announced that it has repurchased the following amounts of outstanding noncallable Benchmark SecuritiesSM issues.


Coupon Maturity Date CUSIP Settlement Date of Repurchase Amount Repurchased Current Amount Outstanding
6.375% June 15, 2009 31359MEV1 June 5, 2002 0 $7.692 billion
6.625% September 15, 2009 31359MEY5 June 5, 2002 $60 million $8.440 billion
6.625% November 15, 2010 31359MGJ6 June 5, 2002 $200 million $7.000 billion
5.500% March 15, 2011 31359MHK2 June 5, 2002 $400 million $4.500 billion
6.000% May 15, 2011 31359MJH7 June 5, 2002 $450 million $9.500 billion
      Total Repurchased $1.110 billion  

This announcement is provided only for informational purposes and is neither an offer to buy nor a solicitation of offers to sell any of these securities.

Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Fannie Mae is working to shrink the nation's "homeownership gaps" through a $2 trillion "American Dream Commitment" to increase homeownership rates and serve 18 million targeted American families by the end of the decade. Since 1968, Fannie Mae has provided more than $3.8 trillion of mortgage financing for over 44 million families.

Benchmark Securities is a service mark of Fannie Mae. Unauthorized use of these marks is prohibited.

Style Usage: Fannie Mae's Board of Directors has authorized the company to operate as "Fannie Mae," and the company's stock is now listed on the NYSE as "Fannie Mae." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."