Moscow, February 10, 2004 — Wimm-Bill-Dann Foods OJSC (NYSE: WBD) today announced the installation of a form, fill and seal line for the bottling of dietetic dairy products in plastic bottles (PAND) at Timashevsk Dairy Plant OJSC, the Company’s leading plant in Southern Russia. The total investment in the project was US$6.6 million.

A bottle blow-moulder produced by Urola (Spain) and a filler made by Corniani (Italy) were installed at Timashevsk. The new line allows the bottling of dietetic dairy products in 0.9 liter and 0.475 liter bottles using ESL clean production technology. The production capacity of this bottle blow-moulding and filling line is 99.3 tons per day. This equipment can increase the shelf life of fermented milk products for up to 3 weeks.

The installation of this equipment allows Wimm-Bill-Dann to widen substantially the range of dairy products produced at the plant. The Company plans to use this line to produce dairy products such as kefir, ryazhenka and drinking yogurt under the Chudo, Domik v Derevne, Bio-Max and Neo brands.

These investments were undertaken as part of an ongoing program to modernize Wimm-Bill-Dann’s production base across its operations. The current project is aimed at maintaining the high quality of the company’s products and enhancing operating efficiencies through the introduction of high technology to dairy production.

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.