While it is the policy of Wimm-Bill-Dann Foods OJSC [NYSE: WBD] not to comment on rumors appearing in the media, Chief Executive Officer Sergei Plastinin would like to state: “In the near future I plan to leave my post as chief executive officer (CEO) of the company and to engage in the creation of a holding structure which will manage various assets which belong to myself and other founding shareholders of Wimm-Bill-Dann. Despite the fact that I have taken this decision, I intend to remain a shareholder of the company. Beginning in the middle of last year, I have been actively looking for a successor, who will be in charge of the everyday operational management of Wimm-Bill-Dann. I will not leave my post until such a person is found. At this time no concrete agreements have been concluded and we are undertaking talks with a number of people. In any event, the candidacy of a new CEO will be discussed by the Personnel and Compensation Committee of the Board of Directors, and a final decision will be taken by the Board of Directors in accordance with the Company Charter”.