Moscow, Russia, October 29, 2003 — Wimm-Bill-Dann Foods OJSC [NYSE: WBD] today announced sales volumes for the first 9 months of 2003.

In the first 9 months of 2003, the combined sales volume in dairy, juice and water segments increased 7.2 % year-on-year and was 1,104 thousand tons. By market segment, juice sales volumes amounted to 359.1 thousand tons, demonstrating a 9.1 % increase over the same period in 2002. In the dairy segment, sales volumes were 5.7 % higher than in the first 3 quarters of last year, at 740.9 thousand tons. Mineral water sales, which commenced in May 2003, amounted to 4.0 thousand tons through September 30, 2003.

Wimm-Bill-Dann plans to announce Q3 2003 financial results in the first week of December 2003.

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.