On Tuesday, September 2, 2003 at 5:00 pm Moscow Time (2:00 pm London Time, 9:00 am New York Time), the management of Wimm-Bill-Dann Foods OJSC will discuss in a conference call it’s financial results for the six months ended June 30, 2003. Sergei Plastinin (CEO), Vladimir Preobrajensky (CFO) and Jay Yadegar (Deputy CFO for Investor Relations) will present the results and will be available to answer questions.

To participate in the call, please dial:
In the UK and international: +44 1452 542 300
In the US and international: ++1 706 634 5500

An instant replay will be available for one week following the conference call:
In the UK and international: ++44 1452 550 000
In the US and international: ++1 706 645 9291

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.