Moscow, Russia — October 20, 2003 — Wimm-Bill-Dann Foods OJSC today announced that a new production line had been installed and launched at the Kharkov Dairy Plant PJSC in Kharkov, Ukraine. The total cost of the project is approximately US$ 8.1 mln.

A new production and filling line for dairy products — milk and cream yogurts and puddings — has been launched at the Kharkov Dairy Plant PJSC. Tetra Pak high-technology production equipment, which comprises Almix and Tetra Therm Aseptoc Flex units (Sweden) and Hassia filling line (Germany), is being used.

The capacity of the yougurt filling line is 5,000 kg per hour. The machine forms 125 g cups and enables aseptic filling.

Using this equipment the Kharkov Dairy Plant is going to produce a range of four-cup milk yogurts under „Frugurt“ trademark in 4?125 g packaging with natural peach, raspberry, cherry, strawberry and apricot-mango flavours. Besides, there will be milk and milk-cream yogurts under „Chudo“ trademark with pineapple, strawberry, raspberry, cherry, peach-marakuya and blackberry pieces. Previously, these products were made at Wimm-Bill-Dann“s manufacturing facilities in Russia and imported to Ukraine.

The current project is aimed at satisfying consumer demand and enhancing operating efficiency through the introduction of high technology to dairy production.

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.