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® (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 April 22, 2024 (collectively, the "Offer Documents"). Fannie Mae is the holder of the ownership certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust. total of approximately $1,706 million in original principal amount of Notes were validly tendered and not validly withdrawn on or before the designated expiration time for the Offers, which was 5:00 PM New York City time on April 26, 2024.

The following details 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. Connecticut Avenue Securities, Series 2017-C01, Class 1B-1 Notes: N/A; 30711XEQ3; US30711XEQ34; $126,754,000; 99.33 %; and $125,904,000. Connecticut Avenue Securities, Series 2017-C02, Class 2B-1 Notes: N/A; 30711XGQ1; US30711XGQ16; $107,914,000; 4.63 %; and $5,000,000.

Connecticut Avenue Securities, Series 2018-R07, Class 1B-1 Notes: Connecticut Avenue Securities Trust 2018-R07; 20753QAF6; US20753QAF63; $172,854,000; 71.71 %; and $123,954,000. Connecticut Avenue Securities, Series 2019-R01, Class 2B-1 Notes: Connecticut Avenue Securities Trust 2019-R01; 20754FAL6; US20754FAL67; $186,724,000; 92.37 %; and $172,474,000. Connecticut Avenue Securities, Series 2019-R02, Class 1B-1 Notes: Connecticut Avenue Securities Trust 2019-R02; 20753KAF9; US20753KAF93; $187,956,000; 100.00 %; and $187,956,000.

Connecticut Avenue Securities, Series 2020-R01, Class 1M-2 Notes: Connecticut Avenue Securities Trust 2020-R01; 20754CAB5; US20754CAB54; $523,509,000; 99.97 %; and $523,375,000. Connecticut Avenue Securities, Series 2020-R02, Class 2M-2 Notes: Connecticut Avenue Securities Trust 2020-R02; 20754WAB1; US20754WAB19; 567,147,000; 100.00%; and 567,147,000. Total Original Principal Balance: $1,872,858,000.

Total percentage of original principal amount tendered: 91.08 %. Total original principal amount tendered: $1,705,810,000. The settlement date for the Notes tendered and accepted for purchase in the Offers is expected to occur on April 30, 2024 (the "Settlement Date").

Any Notes tendered and accepted for purchase in the Offers using the Notice of Guaranteed Delivery are expected to be purchased on May 1, 2024.