Fannie Mae Redemption 
 
WASHINGTON, May 20 /PRNewswire-AsiaNet/ -- 
 
    Fannie Mae (NYSE: FNM) will redeem the principal amount indicated for the  
following securities issue on the redemption date 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        CUSIP      Redemption  
     Amount         Type       Rate       Date                       Date 
 
    $25,000,000   MTN       6.020%     May 30, 2025   3136F65Q8   May 30, 2009 
 
    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: Latressa Cox of Fannie Mae,  
             +1-202-752-6707 
    (FNM)