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““Brand of the Year/EFFIE-2002” gala awards ceremony took place at the “New Manezh” on 1^st November 2002.

This year 136 brand creation and promotion projects took part in the contest. Wimm-Bill-Dann received the following awards:

“Dairy Products” category: Gold for “Chudo-Yogurt”; Bronze for Bio Max
“Soft drinks” category: Gold for “J-7”
“Chudo” brand was also awarded the Grand Prix in “Reputation and Trust” nomination, which is described as the most effective contribution to the long-term strategy of a brand, which has been in existence on the Russian market for the past five years. “Chudo” was described as having conquered the trust and loyalty of Russian customers through offering a well established name, a symbol and the promise behind it in one product.

Wimm-Bill-Dann Foods OJSC
16 Yauzsky Boulevard, Moscow, Russia
Phone: +7 095 733-97-26/9727
Fax: +7 095 733-97-25
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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