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Wimm-Bill-Dann

March 3, 2003

Wimm-Bill-Dann Foods OJSC announces 2002 operational results. Financial results for full year 2002 to be announced shortly

Moscow, March 3, 2003. Wimm-Bill-Dann Foods OJSC [NYSE: WBD] today announced sales volumes for 2002, its first year as a NYSE-listed company. In 2002, sales volumes in the combined dairy and juice segments increased 21.2% year-on-year. By market segment, juice sales volumes amounted to 476.7 thousand tons, a 45.7% increase over 2001. In the dairy segment, sales volumes in 2002 were 11.7% greater than in the previous year, at 946.0 thousand tons. Wimm-Bill-Dann will issue a separate press release and conduct a conference call to discuss the company’s 2002 financial results March 17, 2003. Conference call details will be made available in the near future.

Wimm-Bill-Dann Foods OJSC
16 Yauzsky Boulevard, Moscow, Russia
Phone: +7 095 733-97-26/9727
Fax: +7 095 733-97-25
web: https://www.wbd.com
E-mail: kiryuhina@wbd.ru

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Wimm-Bill-Dann, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to conform them to actual results. We refer you to the documents Wimm-Bill-Dann files from time to time with the U.S. Securities and Exchange Commission, including our Form F-1. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” in our Form F-1, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, potential fluctuations in quarterly results, our competitive environment, acquisition strategy, risks associated with operating in Russia, volatility of stock price, financial risk management, and future growth subject to risks.

 

 

 

 

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