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March 1, 2004

Wimm-Bill-Dann Foods OJSC announces the appointment of new head of juice

Moscow, Russia — March 01, 2004 — Wimm-Bill-Dann Foods OJSC [NYSE: WBD] today announced the appointment of Alexander Malyutin as Head of the Juice Business Segment. The appointment will be become effective as of March 1, 2004.

Wimm-Bill-Dann’s CEO, Sergei Plastinin, said in a statement: “Mr Malyutin is definitely no novice when it comes to Wimm-Bill-Dann. He has worked with us since 1998, when he joined Tetra Pak as a key client relationship manager. Over the past five years, Mr Malyutin has proved himself as a strong developer of business as well as a capable and solution-focused manager. We believe that our existing relationship and Mr Malyutin’s understanding of Wimm-Bill-Dann and the juice market as a whole form a sound platform for the future growth of this core business segment.”

Prior to joining Wimm-Bill-Dann, Mr. Malyutin worked for Tetra Pak both on the business development and client relationship sides, and for a Russian pharmaceutical trade company. Mr. Malyutin holds a degree in economics and financial analysis from Moscow State University. He took an active part in AIESEC international association activities.

Mr. Malyutin will join the Management Board and participate in the decision-making process involving both the Company’ls strategic developments and day-to-day operations.

“I am very excited about joining Wimm-Bill-Dann, especially as head of the juice segment, which created the foundation for the company itself a decade ago. I was fortunate enough to have gained my experience at Tetra Pak, an undisputed international market leader in food packaging and processing. I now have the opportunity to bring my knowledge to Russia’s leading food manufacturer and to actively participate in the company’s future growth and rapid regional expansion,” said Mr. Malyutin.

Wimm-Bill-Dann Foods OJSC
16 Yauzsky Boulevard, Moscow, Russia
Phone: +7 095 733-97-26/9727
Fax: +7 095 733-97-25

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.





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