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The mega-farm complex was built in Volosovsk District near St Petersburg, on the base of the Trud collective farm, which was acquired by Wimm-Bill-Dann in 2005. The new farm is one of the most advanced livestock facilities not only in Northwest Russia but in the whole of the country. Wimm-Bill-Dann invested more than US$12 million in the construction of the mega-farm, which is designed for 1,200 Holstein milking cows.

The farm is equipped with state-of-the-art Swedish equipment made by the DeLaval company. Due to the innovative method of maintaining cows in free stalls and the constant monitoring of the health of the animals with the aid of computer equipment, Wimm-Bill-Dann’s experts anticipate achieving productivity of 8,500 kilograms of high-quality milk per forage cow.

The construction of the mega-farm was undertaken with the support of the Russian federal and regional governments as part of a national project for the development of the country’s agricultural sector. Wimm-Bill-Dann is an active participant in this program. This is the fourth such major project for the company in developing Russia’s livestock industry. Wimm-Bill-Dann is completing a mega-farm for 2,700 cattle in Krasnodar Region and is carrying out the reconstruction of two livestock farms in the Kuban. The total investment of the company in developing the agricultural sector over the past three years exceeds US$40 million.

Wimm-Bill-Dann Foods OJSC was founded in 1992 and is the largest manufacturer of dairy products and a leading producer of juices and beverages in Russia and the CIS. The company produces dairy products (main brands include: Domik v Derevne, Neo, 2Bio, 33 Korovy, Chudo and more), juices (J7, Lubimy Sad, 100% Gold), Essentuki mineral water and Agusha baby food. The company has 37 manufacturing facilities in Russia, Ukraine, Kyrgyzstan, Uzbekistan and Georgia with over 19,000 employees.

Wimm-Bill-Dann became the first Russian dairy producer to receive approval from the European Commission to export its products into the European Union. In 2007, Standard & Poor's Governance Services confirmed WBD's Corporate Governance Score (CGS) 7+ (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.

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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.