Wimm-Bill-Dann Opens Baby Food Plant

Wimm-Bill-Dann Foods OJSC (NYSE:WBD), Russia’s leading manufacturer of healthy food products, today announced the launch of a baby food factory in Kursk region. The new plant allows Wimm-Bill-Dann, the leading Russian producer of dairy products for children, to strengthen its position in the fast-growing segment for fruit and vegetable-based baby food products. The Kursk baby food plant was acquired by Wimm-Bill-Dann in 2005. As a result of extensive renovation, 90% of the equipment was replaced. Today, it is the most modern plant of its type in Russia, making use of cutting edge global technology and the latest scientific research in the industry. The composition of the fruit-based foods under the Agusha brand was developed in partnership with the Institute of Nutrition of the Russian Academy of Medical Sciences to take into account children’s specific nutritional requirements. This resulted in vitamin enriched natural juices and fruit purees without any added preservatives or sugars. "The Kursk plant is a major step forward for Agusha, as it provides a very significant expansion of our capabilities in two key categories - juice and puree,” commented Gary Sobel, the head of Wimm-Bill-Dann’s Baby Food business unit. The company also has its own fruit orchards in Kursk region where it grows apples, cherries, pears and plums. In the next few years they will become a primary source of raw materials for the production of fruit juices and purees for children under the Agusha brand. "We pride ourselves on the supreme and sustainable quality of our products, which is not only essential but vital in the case of baby food, - said Tony Maher, CEO of Wimm-Bill-Dann. - We are sure that the Kursk Agusha will be just as tasty, just as safe and just as loved as the Moscow one”. About the Company: Wimm-Bill-Dann Foods OJSC was founded in 1992 and is the largest manufacturer of dairy products and a leading producer of juices and beverages in Russia and the CIS. The company produces dairy products (main brands include: Domik v Derevne, Neo, 2Bio, 33 Korovy, Chudo and more), juices (J7, Lubimy Sad, 100% Gold), Essentuki mineral water and Agusha baby food. The company has 33 manufacturing facilities in Russia, Ukraine, Kyrgyzstan and Uzbekistan with 21,000 employees. In 2005, Wimm-Bill-Dann became the first Russian dairy producer to receive approval from the European Commission to export its products into the European Union. On May 18, 2006, Standard & Poor’s Governance Services announced the upgrade of WBD’s Corporate Governance Score (CGS) from 7 to 7+ (from 7.3 and 7.7 accordingly on the Russian national scale), which makes the Company’s score the highest rating in Russia. The increase in the score reflects the effective work of the Board of Directors and, in particular, the real influence of independent directors in the decision-making process and the adherence of the controlling shareholders to the highest standards of corporate governance. 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.