Moscow, Russia — March 29, 2005 — Wimm-Bill-Dann Foods OJSC [NYSE: WBD] today announced that Vladimir Preobrajenski, its Chief Financial Officer, will be leaving the company at the end of his three year contract by mutual agreement.

Mr Preobrajesnki joined Wimm-Bill-Dann in 2002 straight after the company’s IPO on New York Stock Exchange. Over the last three years he has helped Wimm-Bill-Dann build up and develop the finance department and enhance cost control mechanisms. He has actively participated in the life of the company and contributed to its development on the basis of his extensive experience.

Mr Preobrajesnki will continue to fulfil his duties until a new finance director is appointed.

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.