Stock Traders Press

A Corporate Communications Corp. Publication ---- All Rights Reserved

FEBRUARY 28, 2003


Fremont General reported its Fourth Quarter and full year results for 2002, which were quite strong. The highlights of the earnings report were as follows:

· Earnings for the Fourth Quarter were $0.43 per share, which were up 119% over the Fourth Quarter of 2001. For the year ended December 31, 2002, Fremont General earned $1.40 per share as compared with $0.76 in 2001 (an 84% increase).

· The company increased its quarterly cash dividend from 2 cents per share to 3 cents per share, which represents a 50% increase.

· Fremont General announced a 4 million share buy back. At the present time, the company has about 80 million shares outstanding.

· The company took a $77 million special charge to completely discharge its financial obligation regarding the discontinued insurance operations.

The quarterly and year-end reports were very good. We continue to view Fremont as an undervalued company. For 2003, we estimate the company could earn $1.55-$1.60 per share.

Stock Traders Press Management


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