2008-05-12 13:15:02 -

- Wimm-Bill-Dann Foods OJSC (NYSE: WBD) today announced the appointment of Dmitry Ivanov as Chief Financial Officer (CFO). Mr Ivanov has 17 years of financial experience in leading Russian and international companies.

He most recently served as Chief Financial Officer at Sitronics, a publicly listed company within the AFK Sistema group, where he was responsible for capital market transactions,

corporate financial strategy and all financial processes, including annual budgeting and forecasting, cash management and treasury functions. Mr Ivanov played a key role in taking Sitronics through the IPO process, establishing a world class finance department, and leading the company through other capital market activities, including the issue of Eurobonds and financing of cross-border M&A transactions.

Commenting on the appointment, Tony Maher, Wimm-Bill-Dann's Chief Executive Officer, said: "We are very pleased that Dmitry has decided to join our team. He is a versatile finance officer and we were very impressed with his extensive track record in financial management and corporate finance. Dmitry brings a unique set of experiences and skills in M&A, debt raising, and organizational restructuring. He also has the rare experience of taking a company public. His seven years of service within the AFK Sistema group and two years as the CFO of Multon gives Dmitry a deep understanding of our industry and the demands on the CFO of a public company. We are looking forward to together taking Wimm-Bill-Dann's finance department to yet another and even stronger level".

"I am very excited at this new opportunity," - Dmitry Ivanov said. "Wimm-Bill-Dann is one of the most progressive Russian public companies and I am honored to join such a well regarded company. I bring a strategic and analytical approach to building and developing finance functions. Coupled with my knowledge of the FMCG sector gained during my time at Multon, and in Small Enterprise Assistance Funds I will help drive Wimm-Bill-Dann's financial strategy going forward, as well as enhancing day-to-day financial management throughout all the 37 production facilities based around Russia and the CIS. I also have extensive experience in ERP implementation, and I will be personally overseeing the implementation process."

Mr Ivanov was born in St Petersburg, Russia and has worked in a variety of senior finance roles within the AFK Sistema group, Multon (today part of Coca-Cola Company), Creditanstalt Investment Bank and Small Enterprise Assistance Funds. He graduated from the St Petersburg Shipbuilding University in 1991 and the same year received a Certificate in Accounting from the St Petersburg University of Economics. He holds an MBA from Vlerick Leuven Gent Management School.

NOTES TO EDITORS

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. In 2005, 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.

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.

Wimm-Bill-Dann Foods OJSC
Marina Kagan, +7 095 925 5205
Fax: +7 095 733 9725
kagan@wbd.ru