Press Release

Fannie Mae Redemption

October 10, 2011

WASHINGTON, DC – Fannie Mae (FNMA/OTC) will redeem the principal amounts indicated for the following securities issues 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 date of redemption:

Principal Amount	Security Type	Interest Rate	Maturity Date	CUSIP	Redemption Date
$75,000,000	MTN	4.000%	July 21, 2025	3136FML93	October 21, 2011
$50,000,000	MTN	1.500%	April 21, 2015	3136FMLG7	October 21, 2011
$50,000,000	MTN	4.000%	July 21, 2025	3136FMQ31	October 21, 2011
$50,000,000	MTN	4.000%	July 21, 2025	3136FMQ49	October 21, 2011
$82,000,000	MTN	3.000%	July 21, 2022	3136FMS88	October 21, 2011
$100,000,000	MTNR	3.000%	January 21, 2021	3136FP2R7	October 21, 2011
$75,000,000	MTN	3.000%	October 21, 2025	3136FPNP8	October 21, 2011
$100,000,000	MTN	1.500%	October 21, 2015	3136FPPF8	October 21, 2011
$50,000,000	MTN	3.250%	October 21, 2015	3136FPPQ4	October 21, 2011
$125,000,000	MTN	2.000%	October 21, 2025	3136FPPX9	October 21, 2011
$100,000,000	MTN	1.200%	July 21, 2014	3136FPQH3	October 21, 2011
$150,000,000	MTN	1.750%	October 21, 2015	3136FPQK6	October 21, 2011
$140,000,000	MTN	1.000%	October 21, 2022	3136FPQM2	October 21, 2011
$50,000,000	MTN	1.000%	October 21, 2015	3136FPQU4	October 21, 2011
$50,000,000	MTN	1.000%	October 21, 2025	3136FPRD1	October 21, 2011
$100,000,000	MTN	2.000%	October 21, 2016	3136FPRY5	October 21, 2011
$250,000,000	MTN	0.650%	October 21, 2013	3136FPSE8	October 21, 2011
$60,000,000	MTN	0.850%	October 21, 2013	3136FPTK3	October 21, 2011
$50,000,000	MTN	2.000%	October 21, 2016	3136FRFK4	October 21, 2011
$50,000,000	MTN	1.650%	April 21, 2014	3136FRHG1	October 21, 2011

Fannie Mae exists 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 enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae's applicable Offering Circular, and that no reliance may be placed on the completeness or accuracy of the information contained in this press release.

You should not deal in securities unless you understand their nature and the extent of your exposure to risk. You should be satisfied that they are suitable for you in light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor.

TOPICS

Fannie Mae Corporate

Single-Family Business

Multifamily Business

Capital Markets

Manage Financial Uncertainty

Recover from a Disaster

Fannie Mae Redemption

Our Company

Business Partners

Homebuyers, Owners, & Renters