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03.03.2006
Statement of Chief Executive Officer Sergei Plastinin



While it is the policy of Wimm-Bill-Dann Foods OJSC [NYSE: WBD] not to comment on rumors appearing in the media, Chief Executive Officer Sergei Plastinin would like to state: “In the near future I plan to leave my post as chief executive officer (CEO) of the company and to engage in the creation of a holding structure which will manage various assets which belong to myself and other founding shareholders of Wimm-Bill-Dann. Despite the fact that I have taken this decision, I intend to remain a shareholder of the company. Beginning in the middle of last year, I have been actively looking for a successor, who will be in charge of the everyday operational management of Wimm-Bill-Dann. I will not leave my post until such a person is found. At this time no concrete agreements have been concluded and we are undertaking talks with a number of people. In any event, the candidacy of a new CEO will be discussed by the Personnel and Compensation Committee of the Board of Directors, and a final decision will be taken by the Board of Directors in accordance with the Company Charter”.

Wimm-Bill-Dann Foods OJSC
16 Yauzsky Boulevard, Moscow, Russia
Phone: +7 495 105 5805
Fax: +7 495 105 5800
web: http://www.wbd.com
E-mail: kagan@wbd.ru

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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