Moscow, September 29, 2004 — Wimm-Bill-Dann Foods OJSC announces obtaining the license to export its dairy products to EU countries for the Lianozovo Dairy Plant in Moscow, Wimm-Bill-Dann’s leading production facility.

In March 2004 inspectors from the European Union’s Veterinary Services and the Russian Ministry of Agriculture carried out an audit of the Lianozovo Dairy Plant, including each stage of the dairy manufacturing chain.

In the course of obtaining the license, the manufacturing equipment, production and technological processes, quality control system and laboratory operations, raw materials supply chain and processing were inspected.

Similar audit aimed at obtaining an export license will be performed at the Tsaritsino Dairy Plant and the Baby Food Plant in the very near future.

The need to obtain the license arose from Wimm-Bill-Dann’s plans to expand its export capacity. The company is currently involved in negotiations with retail chains in Latvia, Lithuania and Germany regarding the possible supply of dairy products under Neo, Bio Max, Chudo, Domik v Derevne and Ginger Up brands.

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.