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 Date CUSIP Redemption Amount Type Rate Date $250,000,000 MTN 3.250% January 26, 2015 3136FJM99 July 26, 2010 $100,000,000 MTN 1.000% January 26, 2012 3136FJN31 July 26, 2010 $50,000,000 MTNR 4.000% January 26, 2022 3136FJP21 July 26, 2010 $50,000,000 MTN 2.750% January 26, 2015 3136FJR94 July 26, 2010 $50,000,000 MTN 2.500% July 26, 2013 3136FJS51 July 26, 2010 $50,000,000 MTN 1.750% July 26, 2012 3136FJT50 July 26, 2010 $60,000,000 MTN 3.000% January 26, 2017 3136FJU58 July 26, 2010 $100,000,000 MTN 1.550% July 26, 2012 3136FJU82 July 26, 2010 $50,000,000 MTN 3.000% January 26, 2017 3136FJW98 July 26, 2010 $275,000,000 MTN 2.250% January 26, 2015 3136FJX97 July 26, 2010 $250,000,000 MTN 2.750% July 26, 2013 31398AE65 July 26, 2010 $9,915,000 FINP 6.000% July 27, 2022 3135A02Z1 July 27, 2010 $85,000,000 MTN 2.000% January 27, 2012 3136F94M2 July 27, 2010 $15,000,000 MTN 3.200% April 27, 2015 3136FHPJ8 July 27, 2010 $100,000,000 MTN 1.520% January 27, 2012 3136FHW84 July 27, 2010 $75,000,000 MTNR 4.000% October 27, 2017 3136FJKR1 July 27, 2010 $50,000,000 MTN 3.500% January 27, 2015 3136FJL74 July 27, 2010 $50,000,000 MTN 3.500% January 27, 2015 3136FJL90 July 27, 2010 $75,000,000 MTN 3.000% January 27, 2015 3136FJM24 July 27, 2010 $50,000,000 MTN 3.500% January 27, 2015 3136FJM32 July 27, 2010 $60,000,000 MTN 2.500% January 27, 2017 3136FJM81 July 27, 2010 $25,000,000 MTN 1.480% April 27, 2012 3136FJMY4 July 27, 2010 $150,000,000 MTN 3.300% January 27, 2015 3136FJQ79 July 27, 2010 $50,000,000 MTNR 4.000% January 27, 2025 3136FJQ87 July 27, 2010 $50,000,000 MTNR 3.250% January 27, 2016 3136FJV99 July 27, 2010 $50,000,000 MTNR 3.000% January 27, 2017 3136FJW49 July 27, 2010 $1,000,000,000 MTN 3.220% January 27, 2016 31398AUZ3 July 27, 2010 $150,000,000 MTN 0.000% January 28 2039 3136F95A7 July 28, 2010 $125,000,000 MTN 0.000% January 28, 2039 3136F95D1 July 28, 2010 $35,000,000 MTN 5.000% April 28, 2021 3136F9KC6 July 28, 2010 $15,000,000 MTN 4.450% April 28, 2016 3136F9KG7 July 28, 2010 $25,000,000 MTN 5.000% April 28, 2023 3136F9MW0 July 28, 2010 $25,000,000 MTN 5.000% April 28, 2034 3136FHKZ7 July 28, 2010 $25,000,000 MTN 3.250% July 28, 2014 3136FHU86 July 28, 2010 $50,000,000 MTNR 2.000% January 28, 2020 3136FJ2X8 July 28, 2010 $85,000,000 MTN 4.000% October 28, 2019 3136FJGF2 July 28, 2010 $25,000,000 MTN 4.250% October 28, 2024 3136FJHC8 July 28, 2010 $100,000,000 MTN 4.000% October 28, 2024 3136FJHG9 July 28, 2010 $10,000,000 MTN 4.200% October 28, 2021 3136FJHK0 July 28, 2010 $50,000,000 MTN 4.000% October 28, 2024 3136FJHV6 July 28, 2010 $25,000,000 MTNR 4.000% October 28, 2024 3136FJHW4 July 28, 2010 $50,000,000 MTNR 4.000% October 28, 2024 3136FJJF9 July 28, 2010 $40,000,000 MTNR 3.000% October 28, 2019 3136FJJJ1 July 28, 2010 $25,000,000 MTN 4.125% October 28, 2024 3136FJKB6 July 28, 2010 $25,000,000 MTN 4.500% October 28, 2024 3136FJKG5 July 28, 2010 $60,000,000 MTN 4.000% October 28, 2019 3136FJKP5 July 28, 2010 $25,000,000 MTN 3.000% October 28, 2019 3136FJKQ3 July 28, 2010 $75,000,000 MTN 4.500% October 28, 2019 3136FJKZ3 July 28, 2010 $70,000,000 MTN 4.250% October 28, 2024 3136FJLA7 July 28, 2010 $40,000,000 MTN 4.000% April 28, 2017 3136FJLJ8 July 28, 2010 $15,000,000 MTNR 4.450% October 28, 2019 3136FJMN8 July 28, 2010 $15,000,000 MTN 4.250% October 28, 2024 3136FJMW8 July 28, 2010 $50,000,000 MTN 3.550% January 28, 2015 3136FJN23 July 28, 2010 $50,000,000 MTNR 5.125% January 28, 2025 3136FJN64 July 28, 2010 $50,000,000 MTN 3.550% January 28, 2015 3136FJN80 July 28, 2010 $10,000,000 MTN 4.000% October 28, 2019 3136FJNJ6 July 28, 2010 $50,000,000 MTN 3.000% January 28, 2025 3136FJP96 July 28, 2010 $75,000,000 MTNR 4.000% January 28, 2020 3136FJQ20 July 28, 2010 $50,000,000 MTN 1.500% January 28, 2013 3136FJQ46 July 28, 2010 $50,000,000 MTN 2.500% January 28, 2015 3136FJR52 July 28, 2010 $130,000,000 MTN 3.000% January 28, 2025 3136FJR86 July 28, 2010 $50,000,000 MTN 2.500% January 28, 2015 3136FJT84 July 28, 2010 $75,000,000 MTN 3.000% January 28, 2025 3136FJU25 July 28, 2010 $100,000,000 MTN 4.000% January 28, 2025 3136FJX30 July 28, 2010 $85,000,000 MTN 4.125% January 28, 2025 3136FJX48 July 28, 2010 $100,000,000 MTN 3.050% January 28, 2015 3136FJY39 July 28, 2010 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 the light of your circumstances and financial position. If you are in any doubt you should consult an appropriately qualified financial advisor. SOURCE: Fannie Mae CONTACT: Katherine Constantinou of Fannie Mae +1-202-752-5403