GLF Gold Frost

    31 January 2008

                              Gold Frost Limited                               

                        ("Gold Frost" or "the Company")                        

Gold Frost (ticker: GLF), the designer, developer and distributor of kosher
chilled, frozen and dairy food products was today notified that G. Willi-Food
International Ltd. purchased 1,061,000 ordinary shares in the capital of the
Company at an average price of 20p per share. As a result, G. Willi-Food
International Ltd. now owns 47,565,285 ordinary shares representing 89.99% of
the total voting rights of the Company.

Enquiries:

Gold Frost Ltd

Zwi Williger, Chief Executive Officer +972 544 324924

Blue Oar Securities Plc +44 207 448 4400

Rhodri Cruwys/Matthew Marchant



END

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