Freddie Mac commenced a fixed-price cash tender offer for the purchase of any and all of the STACR (Structured Agency Credit Risk) Notes beginning September 6, 2023. Certain of the classes of Notes subject to the Offer were issued by the STACR Trust. Freddie Mac is the holder of the owner certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust.

Freddie Mac has engaged BofA Securities Inc. and Wells Fargo Securities, LLC as lead dealer managers and CastleOak Securities, L.P. as co-dealer manager for the Offer. Freddie Mac is offering to purchase any and all of the Notes listed. The applicable Total Consideration to be paid by Freddie Mac to holders that tender Notes accepted for purchase pursuant to the Offer will be calculated based on the original principal amount of such tendered and accepted Notes, the applicable factor, and the applicable Tender Offer Consideration, plus any accrued and unpaid interest under the applicable Debt Agreement or Indenture upon the terms and subject to the conditions set forth in the Offer to Purchase dated September 6, 2023 and related Notice of Guaranteed Delivery dated September 6, 2023.

Capitalized terms used and not otherwise defined herein will have the meaning ascribed to such terms in the Offer to Purchase. The tender offer period will commence on September 6, 2023, and expire at 5 p.m.New York City time on September 12, 2023, unless extended. Holders must validly tender their Notes at or prior to the Expiration Time.

Notes validly tendered may be withdrawn at any time at or prior to 5 p.m., New York City time, on September 12, 2023, unless extended by Freddie Mac, but not thereafter. Holders whose Notes are purchased in the Offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the Settlement Date for the Notes. Freddie Mac expects the Settlement Date to occur on September 14, 2023.

Any Notes tendered using the Notice of Guaranteed Delivery and accepted for purchase are expected to be purchased on Friday, September 15, 2023, but payment of accrued interest on such Notes will only be made to, but not including, the Settlement Date.