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In line with its strategy of regional expansion, Wimm-Bill-Dann has acquired Roska St Petersburg Dairy Company OJSC, one of St Petersburg’s most modern and best equipped dairy plants. Built in 1987, the plant has a milk processing capacity of 500 tons per day (current capacity utilized is 40 tons), and presently employs about 350 people. The company plans to triple the factory’s output by installing new and upgrading existing equipment.

Sergei Plastinin, CEO of Wimm-Bill-Dann, said in a statement: «Through this major acquisition in St Petersburg, we have now established substantial dairy production capacity in the North West region of Russia, one of the most strategically important regions in the whole of the country. Our products are already well known to people in the region. And it is this high demand for, and ever growing loyalty to, our products that encouraged us to make substantial investments in developing a full-scale production capability in St Petersburg. We already have a wholly owned affiliate in St Petersburg, the Nevsky Dairy Trading House, and a market share of over 4%. We intend to further develop our presence in this key market, both in terms of production and in terms of sales.»

Roska St Petersburg Dairy Company OJSC presently manufactures a wide range of dairy products, including pasteurized milk, sour cream, kefir, yogurts, ryazhenka, butter, cottage cheese, quarks and condensed milk. All products are currently manufactured under two brands, Roska and Kolibri. Wimm-Bill-Dann intends to use the factory to manufacture its nationally known branded dairy products.

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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