Fannie Mae Redemption

WASHINGTON, June 13, 2011 -

Fannie Mae (OTC Bulletin Board: FNMA) 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  Security Interest     Maturity                   Redemption
     Amount      Type      Rate         Date            CUSIP       Date

     $25,000,000  MTN     4.200%   December 23, 2019  3136FJXY2 June 23, 2011
    $200,000,000  MTN     3.800%   June 23, 2022      3136FMB94 June 23, 2011
    $100,000,000  MTN     4.000%   June 23, 2022      3136FMD68 June 23, 2011
     $50,000,000  MTN     2.400%   June 23, 2025      3136FMXG4 June 23, 2011
     $75,000,000  MTNR    2.000%   June 23, 2020      3136FMXP4 June 23, 2011
    $100,000,000  MTN     2.500%   June 23, 2025      3136FMXR0 June 23, 2011
     $75,000,000  MTN     3.000%   June 23, 2025      3136FMYK4 June 23, 2011
     $50,000,000  MTN     2.250%   June 23, 2020      3136FMZG2 June 23, 2011
     $75,000,000  MTN     2.000%   June 23, 2014      3136FMZH0 June 23, 2011
    $100,000,000  MTN     2.100%   June 23, 2025      3136FMZK3 June 23, 2011
     $75,000,000  MTN     2.000%   September 28, 2015 3136FPGB7 June 23, 2011
     $50,000,000  MTN     1.000%   December 23, 2015  3136FPJ65 June 23, 2011
     $50,000,000  MTN     1.125%   September 23, 2013 3136FPJU2 June 23, 2011
     $50,000,000  MTN     1.880%   June 23, 2015      3136FPJW8 June 23, 2011
     $50,000,000  MTN     1.920%   June 23, 2015      3136FPJY4 June 23, 2011
    $250,000,000  MTN     1.150%   December 23, 2013  3136FPK63 June 23, 2011
    $350,000,000  MTN     1.300%   December 23, 2013  3136FPK97 June 23, 2011
    $500,000,000  MTN     1.450%   December 23, 2013  31398A7C0 June 23, 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.

Katherine Constantinou, +1-202-752-5403