MOSCOW -(BUSINESS WIRE)--Sept. 21, 2006--Wimm-Bill-Dann Foods OJSC (NYSE: WBD), the leading Russian food and beverages producer, today announced the acquisition of 100% charter capital of Surgut City Dairy Plant (Russia), the largest milk processing enterprise in its region.

The plant is the only large-scale dairy factory in Surgut and was originally put into operation in 1974. It currently has a designed capacity of 65 tons of processed milk per day with the possibility of expansion to 120 tons per day. Today the enterprise processes up to 30 tons per day and its output consists mostly of traditional dairy products.

The acquisition of Surgut Dairy Plant allows Wimm-Bill-Dann to gain a leading position in a promising region and continue its expansion in the markets of the Urals and Siberia. Having its own enterprise in Surgut, the company will be able to optimize its expenditure on logistics by reducing the need to transport products between regions. In the near future, Wimm-Bill-Dann plans to begin production under its own brands at Surgut Dairy Factory.

Some of the information contained in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Wimm-Bill-Dann Foods OJSC, 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 Foods OJSC files from time to time with the U.S. Securities and Exchange Commission, specifically, the Company s most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned «Risk Factors» in our Form 20-F, 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, and risks associated with our competitive environment, acquisition strategy, ability to develop new products or maintain market share, brand and company image, operating in Russia, volatility of stock price, financial risk management, and future growth.