Fannie Mae Announces Scheduled Restatement of 2004 10-K

December 5, 2006

Will Host Investor/Analyst Conference Call

Fannie Mae announced its intent to file its 2004 10-K with restatement results with the Securities and Exchange Commission on Wednesday, December 6 after the market closes.

The company also intends to host a conference call for the investment community on Thursday, December 7 at 1:00 p.m. (EST) to discuss the filing. Mary Lou Christy, Vice President and Interim Head, Investor Relations, will host the call. Daniel H. Mudd, President and Chief Executive Officer, Robert T. Blakely, Chief Financial Officer and David Hisey, Senior Vice President and Controller, will address investors and analysts. They, along with other members of senior management, will be available for questions.

The timing of both the filing and the conference call may be subject to change as the company finalizes the filing.

During the conference call, investors may ask questions live during the question and answer session. Investors may also e-mail their questions in advance to, and may continue to send follow-up questions to this email address during and after the call.

The dial-in number for the call is 866-233-3844 or, for international callers, 612-338-9017. The confirmation code is 852335. Please dial in 5 to 10 minutes prior to the start of the call. A replay of the call will be available for two weeks starting at 4:15 p.m. (EST) on December 7 through midnight (EST) on December 21. The replay number for the call is 800-475-6701 or, for international callers, 320-365-3844. The confirmation code is 852335.

Source: Fannie Mae

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