Fannie Mae Announces OTC Bulletin Board Symbols

WASHINGTON, July 7, 2010 - Fannie Mae (OTC Bulletin Board: FNMA) announced today that its common
stock will commence trading on the OTC Bulletin Board under the ticker symbol
"FNMA" on Thursday, July 8, 2010. Fannie Mae preferred stock that was
previously listed on the New York Stock Exchange also will be traded on the
OTC Bulletin Board under the ticker symbols set forth below. The New York
Stock Exchange and the Chicago Stock Exchange will suspend trading of Fannie
Mae's common and preferred stock prior to the market open on July 8, 2010.

The OTC Bulletin Board is a regulated quotation service that
electronically transmits real-time quote, price, and volume information in
over-the-counter securities. Information on the OTC Bulletin Board may be
obtained at www.otcbb.com. Holders of Fannie Mae common or preferred
stock are encouraged to contact their brokers or securities intermediaries
directly regarding trading on the OTC Bulletin Board.

    Fannie Mae Security                Old Ticker Symbol    New Ticker Symbol
    -------------------                -----------------    -----------------

    Common Stock                       FNM                   FNMA
    Preferred Stock, Series F          FNMPRF                FNMAP
    Preferred Stock, Series G          FNMPRG                FNMAO
    Preferred Stock, Series H          FNMPRH                FNMAM
    Preferred Stock, Series I          FNMPRI                FNMAG
    Preferred Stock, Series L          FNMPRL                FNMAN
    Preferred Stock, Series M          FNMPRM                FNMAL
    Preferred Stock, Series N          FNMPRN                FNMAK
    Preferred Stock, Series P          FNMPRP                FNMAH
    Preferred Stock, Series Q          FNMPRQ                FNMAI
    Preferred Stock, Series R          FNMPRR                FNMAJ
    Preferred Stock, Series S          FNMPRS                FNMAS
    Preferred Stock, Series T          FNMPRT                FNMAT
    Preferred Stock, Series 2008-1     FNA                   FANIP

Certain statements in this news release may be considered forward-looking
statements within the meaning of the federal securities laws, including the
expectation that our common stock and series of preferred stock will be
delisted by the New York Stock Exchange and Chicago Stock Exchange and that
our common and preferred stock will be traded on the OTC Bulletin Board.
Although Fannie Mae believes that the expectations set forth in these
statements are based upon reasonable assumptions, future conditions and
events may differ materially from what is indicated in any forward-looking
statements. Factors that could cause actual conditions or events to differ
materially from those described in these forward-looking statements include,
but are not limited to legislative or other governmental actions relating to
our business or the financial markets; our ability to manage our business to
a positive net worth; adverse effects from activities we undertake to support
the mortgage market and help borrowers; the investment by Treasury and its
effect on our business; changes in the structure and regulation of the
financial services industry, including government efforts to improve economic
conditions; the conservatorship and its effect on our business (including our
business strategies and practices); the depth and duration of weakness in the
housing market and economic conditions, including the extent of home price
declines and unemployment rates; the level and volatility of interest rates
and credit spreads; the accuracy of subjective estimates used in critical
accounting policies; and other factors described in Fannie Mae's quarterly
report on Form 10-Q for the quarter ended March 31, 2010, and Fannie Mae's
annual report on Form 10-K for the year ended December 31, 2009, including
the "Risk Factors" and "Forward-Looking Statements" sections of these
reports.

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.

Todd Davenport of Fannie Mae, +1-202-752-5115