The Board approved the election of Evgeny Yasin, an independent director, as chairman of the Compensation and Personnel Committee of the Board of Directors, and Michael O’Neill, also an independent director, as chairman of the Strategy and Investment Committee of the Board of Directors. The election of independent directors to these posts is in line with United States Securities and Exchange Commission guidelines.

The board also discussed the Company’s draft Corporate Governance Code and stated its intention to vote on a final version of the Code at the next meeting of the Board of Directors.

The next and final planned meeting of the Board of Directors in 2004 is scheduled for December 17, 2004.

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.