Fremont General Corp.

Last Thursday, May 29th, Fremont General declared a special cash dividend of $.02 per share for shareholders of record on June 6th, 2003 which will be payable on June 30th, 2003.

This dividend is in addition to the company’s regular quarterly dividend of $.03 per share.

The announcement of a special cash dividend is further evidence that Fremont General is enjoying very strong growth and cash flow. The company continues to pay down debt and has reduced its two debentures outstanding by about 50% with just a remaining balance of about $250 million.

Given the strong operating results of the company, we expect Fremont General to earn about $2.20-$2.30 per share for 2003. At its current price of $12.00 we continue to view the stock as undervalued. Accordingly, we have raised out target price to $16.00-$17.00 per share.

Stock Traders Press Management