January 31, 2012

Fannie Mae Redemption Katherine Constantinou 202-752-5403

WASHINGTON, DC - Fannie Mae (FNMA/OTC) 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

Amount

Security

Type

Interest

Rate

Maturity Date

CUSIP

Redemption Date

$20,000,000

MTN

1.625%

February 10, 2015

3136FJ3E9

February 10, 2012

$50,000,000

MTNR

2.500%

February 10, 2020

3136FJX55

February 10, 2012

$100,000,000

MTN

2.125%

August 10, 2015

3136FM6G4

February 10, 2012

$50,000,000

MTN

3.000%

November 10, 2015

3136FPTA5

February 10, 2012

$50,000,000

MTN

4.000%

August 10, 2026

3136FRE66

February 10, 2012

$50,000,000

MTN

1.850%

February 10, 2016

3136FRE90

February 10, 2012

$50,000,000

MTN

2.000%

August 10, 2026

3136FRF24

February 10, 2012

$50,000,000

MTN

1.000%

August 10, 2015

3136FRF40

February 10, 2012

$50,000,000

MTN

3.000%

August 10, 2026

3136FRG56

February 10, 2012

$100,000,000

MTN

1.625%

August 10, 2015

3136FRH30

February 10, 2012

$50,000,000

MTN

3.000%

August 10, 2026

3136FRH55

February 10, 2012

$50,000,000

MTN

1.030%

November 10, 2014

3136FRL68

February 10, 2012

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 news release does not constitute an offer to sell or the solicitation of an offer to buy securities of Fannie Mae. Nothing in this news 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 news 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.

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