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      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
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          <cik>0001609120</cik>
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      <periodOfReport>12-31-2020</periodOfReport>
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        <name>Freemont Management S.A.</name>
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          <ns1:street1>Rue des Remparts 2</ns1:street1>
          <ns1:street2>Lutry</ns1:street2>
          <ns1:city>Vaud</ns1:city>
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      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-20978</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
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    <signatureBlock>
      <name>Jean-Marie Coyras</name>
      <title>Chief Compliance Officer</title>
      <phone>41-217969000</phone>
      <signature>/s/ Jean-Marie Coyras</signature>
      <city>Switzerland</city>
      <stateOrCountry>V8</stateOrCountry>
      <signatureDate>02-16-2021</signatureDate>
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            <name>Haldor Foundation</name>
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