Fannie Mae announced that it has commenced fixed-price cash tender offers for the purchase of any and all of the Connecticut Avenue Securities(R) (CAS) Notes listed below, upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of October 10, 2023. Name of the security: Connecticut Avenue Securities, Series 2016-C03, Class 1M-2 Notes. Original principal balance: $180,295,000.00.

Tender offer consideration (per $1,000 Original principal amount): $1,067.50. Connecticut Avenue Securities, Series 2017-C01, Class 1B-1 Notes Original principal balance: $143,674,000.00 Tender offer consideration (per $1,000 Original principal amount): $1,134.07. Connecticut Avenue Securities, Series 2017-C02, Class 2B-1 Notes Original principal balance: $189,945,000.00 Tender offer consideration (per $1,000 Original principal amount): $1,128.50.

Connecticut Avenue Securities, Series 2017-C04, Class 2B-1 Notes Original principal balance: $143,230,000.00 Tender offer consideration (per $1,000 Original principal amount): $1,115.00. Connecticut Avenue Securities, Series 2017-C06, Class 1B-1 Notes Original principal balance: $78,322,000.00 Tender offer consideration (per $1,000 Original principal amount): $1,091.25. Connecticut Avenue Securities, Series 2017-C07, Class 1B-1 Notes Original principal balance: $97,984,000.00 Tender offer consideration (per $1,000 Original principal amount): $1,091.25.

Connecticut Avenue Securities, Series 2017-C07, Class 2B-1 Notes Original principal balance: $63,333,000.00 Tender offer consideration (per $1,000 Original principal amount): $1,107.50. Connecticut Avenue Securities, Series 2018-C01, Class 1B-1 Notes Original principal balance: $149,886,078.00 Tender offer consideration (per $1,000 Original principal amount): $1,077.50. Connecticut Avenue Securities, Series 2018-C01, Class 1M-2 Notes Original principal balance: $90,954,182.00 Tender offer consideration (per $1,000 Original principal amount): $1,026.25.

Connecticut Avenue Securities, Series 2018-C04, Class 2B-1 Notes Original principal balance: $152,663,000.00 Tender offer consideration (per $1,000 Original principal amount): $1,112.50. Connecticut Avenue Securities, Series 2018-C06, Class 1B-1 Notes Original principal balance: $108,185,000.00 Tender offer consideration (per $1,000 Original principal amount): $1,088.75. Holde must validly tender their Notes at or before the Expiration Time in order to eligible to receive the Tender Offer Consideration.

In addition, holders whose Notes are purchased in the Offers will receive accrued and unpaid interest from the last interest payment date to, but not including, the Settlement Date (as defined in the Offer to Purchase) for the Notes. Fannie Mae expects the Settlement Date to occur on October 18, 2023. Any Notes tendered using the Notice of Guaranteed Delivery and accepted for purchase are expected to be purchased on October 19, 2023, but payment of accrued interest on such Notes will only be made to, but not including, the Settlement Date.