Fannie Mae announced the results of its fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for any and all of certain Connecticut Avenue Securities(R) (CAS) Notes listed in the table below (the "Notes") upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of October 10, 2023 (collectively, the "Offer Documents"). A total of approximately $897 million in original principal amount of Notes were validly tendered and not validly withdrawn on or before the designated expiration time for the Offers, which was 5:00 PM New York City time on October 16, 2023. The table below sets forth the original principal balance of the Notes, the percentage of original principal amount tendered, and the original principal amount tendered in the Offers.

The settlement date for the Notes tendered and accepted for purchase in the Offers is expected to occur on October 18, 2023 (the "Settlement Date"). Any Notes tendered and accepted for purchases in the Offers using the Notice of Guaranteed Delivery are expected to be purchased on October 19, 2023. Fannie Mae has engaged African-American-owned Loop Capital Markets LLC and Service-Disabled veteran and Hispanic-owned Mischler Financial Group Inc. as advisors on the transaction.

Global Bondholder Services Corporation was engaged as the tender agent and information agent for the Offers.