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Moscow, Russia — July 18, 2002 — Wimm-Bill-Dann Foods OJSC [NYSE: WBD] today announced its sales volumes for the company’s dairy and juice segments during the first six months of 2002.

In the first half of the year, Wimm-Bill-Dann demonstrated strong growth in sales volumes, in line with the company’s previously outlined long-term strategic development programme.

For the six months ending June 31, 2002, the volume of sales in the juice segment was 224 thousand tons, which represents an increase of 33.5% compared to the same period in 2001.

In the dairy segment, the volume of sales was 464.1 thousand tons in the first half of the year, which is 13% greater than over the same period last year.

Mr. Sergei Plastinin, CEO of the company, commenting on the sales results, said: These results demonstrate yet again the effectiveness of our long-term development strategy. I am convinced that organic growth in production, combined with the successful integration of new acquisitions into the company, will allow us to overcome competition and maintain our leading position in the Russian marketplace.

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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