Fremont General Declares a 14% Increase in Common Stock Cash Dividend

May 19, 2005

The Board of Directors of Santa Monica, Calif.-based Fremont General Corporation declared a quarterly cash dividend of $0.08 cents per share on its common stock, payable July 29, 2005 to shareholders of record on June 30, 2005. This represents a 14 percent increase over the previous quarter’s dividend. The declaration of the quarterly dividend represents the 114th consecutive quarterly cash dividend to be paid by the Company.

The Board of Directors also authorized the repurchase by the Company’s employee benefits trust of up to an additional 4 million shares of Fremont General common stock (approximately 5.1 percent of the outstanding shares on a fully-diluted basis) for the funding of future employee benefit plan obligations.

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