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Ochakovo Dairy Plant is the forth largest dairy producer in Russia and one of the largest dairy enterprises in Moscow. According to AC Nielsen data, the enterprise’s average market share in 2006 was 3.1% of the Russian and 8.4% of the Moscow dairy market. The plant produces milk, sour cream, yogurts, cheese curds and other dairy products under a strong brand portfolio (including brands such as 33 Cows, Pastushok, Kremlin Products and Actilife).

Commenting on the deal, Tony Maher, Wimm-Bill-Dann’s Chief Executive Officer, said: “Ochakovo Dairy Plant with its long history, well-established national brands and strong customer loyalty, earned through sustained high quality and a wide proposition, is a welcome addition to our existing facilities and brand portfolio. Wimm-Bill-Dann is all about Health and Wellness, and I am convinced that Ochakovo’s brands will fit very well into the brand portfolio we want to take forward. We have always benefited from our unmatched knowledge of the Russian consumer and marketplace. Now, we believe we have the opportunity, not only to extend our product offering, but also expand our production capacity to manufacture these top quality products.”

Ochakovo Dairy Plant is located in Western Moscow while Wimm-Bill-Dann’s Lianozovo Dairy Plant is located in the North of the city and Tsaritsyn plant in the Southeast. Hence, these three plants fit together well geographically, covering a large swathe of the city and the surrounding Moscow Region.

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Some of the information contained in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Wimm-Bill-Dann Foods OJSC, 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 Foods OJSC files from time to time with the U.S. Securities and Exchange Commission, specifically, the Company's most recent Form 20-F.These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” in our Form 20-F, 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, and risks associated with our competitive environment, acquisition strategy, ability to develop new products or maintain market share, brand and company image, operating in Russia, volatility of stock price, financial risk management, and future growth.

ABOUT WIMM-BILL-DANN OJSC

Wimm-Bill-Dann Foods OJSC is a leading manufacturer of dairy products and beverages in Russia. The company was founded in 1992.

The Company currently owns 33 manufacturing facilities in Russia and the Commonwealth of Independent States (CIS), as well as trade affiliates in 26 cities in Russia and the CIS.

Wimm-Bill-Dann has a diversified branded portfolio with over 1,000 types of dairy products and over 150 types of juice, nectars and still drinks. The company currently employs over 18,000 people.

On May 18, 2006, Standard & Poor’s Governance Services announced the upgrade of WBD’s Corporate Governance Score (CGS) from 7 to 7+ (from 7.3 and 7.7 accordingly on the Russian national scale), which makes the Company’s score the highest rating in Russia. The increase in the score reflects the effective work of the Board of Directors and, in particular, the real influence of independent directors in the decision-making process and the adherence of the controlling shareholders to the highest standards of corporate governance.