Further re Import License

    GOLD FROST CLARIFIES APPROVAL TO IMPORT SELECT KOSHER DAIRY PRODUCTS INTO U.S.

 

Supplier Allocates Portion of Existing Import License to Kosher Products;

Shipments to Begin when New Labelling Completed

 

Gold Frost Ltd. (LSE:GLF.L) (the "Company" or "Gold Frost") today clarified its
press release, dated March 1, 2007. 

 

Gold Frost's supplier, Arla Foods, Inc. ("Arla Foods") already has approval
from U.S.authorities to import non-kosher Lurpak butter and Brie and Camembert
cheeses into the U.S.on behalf of unrelated third parties.  Arla Foods has now
allocated a portion of its existing import licenses to kosher Lurpak butter and
Brie and Camembert cheeses for distribution by Gold Frost.  As previously
stated, these products will be produced according to Gold Frost's kosher
instructions at Arla's factory in Denmark, and Gold Frost will purchase the
products directly from the factory in Denmarkor from Arla Foods in the U.S. 
Shipments of these products to the U.S.may commence once Gold Frost has
produced product labelling that is in compliance with USDA and kosher
regulations.

Zwi Williger, Chief Executive of Gold Frost stated, "We are very excited about
this opportunity.  Our strategy to bring high-quality kosher dairy products to
the U.S.market is moving forward.  The agreement with Arla to begin importing
kosher dairy products into the U.S.is an indication of the strong growth
potential for our product line in this market.  We intend to complete final
labelling requirements for compliance with USDA and kosher regulations in the
next few months."

About Gold Frost Ltd.

 

Gold Frost is a designer, developer and distributor of branded kosher dairy
food products with 20 varieties of products currently on sale in Israel. The
Company possesses proven R&D capability for 'koshering' chilled, frozen, diary
and other products, a number of which have a health advantage by virtue of
being low in fat and cholesterol.

 

Contacts:

 

Gold Frost Ltd.

Zwi Williger, CEO

[phone]

 

Corporate Synergy Plc

Rhod Cruwys/David Seal

[phone]



END