Moscow, Russia — November 28, 2003 — Wimm-Bill-Dann Foods OJSC (NYSE: WBD) today announced the completion of the modernization and installation of a new production line for the bottling of juices in plastic aseptic PET bottles. The new PET line was installed at Depsona CSJC in Tula, a plant for juice and juice concentrate production. Capital investments in the above project will exceed US$ 21.2 million.

A new production site was constructed and engineering and communication capabilities were expanded at Depsona. High capacity pre-fabricated PET-bottling equipment for juice and juice based drinks was also installed. This equipment is based on aseptic cold filling technology.

The producion line comprises six main sections: preform blow moulding, natural concentrated juice feed and storage, product preparation, preparation of aseptic environments, filling and sealing, packaging and palletizing. The equipment was designed, supplied and guaranteed by a single supplier — Siprotech company (Sipa + Procomac), Italy. All key machines on the production line are connected on-line through the Internet with the Support Center.

The capacity of the bottle blow moulding and filling line is 20 thousand bottles per hour or 333 bottles per minute. Every two minutes the line produces a pallet of finished products packed in stretch film. The technological characteristics of the equipment and packaging will make it possible to fill bottles with preservative-free 100 % natural juice with a shelf life of 4—11 months. The line allows setting up for a new product without extensive downtime. A continuous bottling cycle can run for up to 120 hours.

Using this equipment, the company will produce juices, nectars and new products under the J-7 trademark in 0.425L, 0.947L and 1.325L formats.

Dmitry Kolokatov, Head of WBD — Juice Division, emphasized the significance of the new equipment launch: «In particular, I would note the new freedom and flexibility that the PET bottle brings to the company. The first-ever launch of this state-of-the-art technology in Russia represents a new stage in the development of our business. With the launch of our leading J-7 brand in PET packaging, we are creating a new consumer product category and, accordingly, a new market and additional sales opportunities.»

The bulk of investment was made in 2003 as part of the general equipment upgrade program aimed at the company’s existing and recently acquired production facilities. The key objectives of the program are to meet consumer demand, increase operating efficiency through applying advanced manufacturing technologies, and boosting productivity, while adhering to international quality standards.

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.