Statement re Import Licence

    GOLD FROST ANNONCES APPROVAL OF U.S. IMPORT LICENSE FOR SELECTED DAIRY PRODUCTS

         New Labelling for Compliance with USDA Requirements Underway          

Gold Frost Ltd. (LSE:GLF.L) ("Gold Frost" or the "Company"), the designer,
developer and distributor of kosher chilled, frozen and dairy food products
announces that its supplier, Arla Foods, Inc., ("Arla") has received approval
to begin importing certain kosher dairy products into the U.S. market for
distribution by the Company. Shipments of these products to the U.S. may
commence once the Company has produced product labelling that is in compliance
with USDA and kosher regulations.

The U.S. authorities have granted approval for the import of kosher Lurpak
butter, as well as kosher Brie and Camembert cheeses. These products will be
produced according to the Company's kosher instructions at Arla's factory in
Denmark and Gold Frost will purchase the products directly from either the
factory in Denmark or from Arla Foods in the U.S. Arla Foods already imports
non-kosher Lurpak butter and Brie and Camembert cheeses into the U.S.

Zwi Williger, Chief Executive Officer of Gold Frost stated, "The approval of
the initial import license for these products is an important first step in our
strategy to penetrate the U.S. kosher market. We believe that there is a
substantial opportunity for our line of kosher dairy products, especially
Lurpak butter, in the U.S. and we look forward to receiving approvals for
other, more significant kosher cheese products such as Fetina, our version of
Feta Cheese. We intend to complete final labelling requirements for compliance
with USDA and kosher regulations in the next few months so that the shipping of
the products can commence."

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]



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