|   | 1. | I      have reviewed this quarterly report on Form 10-Q of Lifeway Foods,      Inc.; |
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|   | 2. | Based      on my knowledge, this report does not contain any untrue statement of a      material fact or omit to state      a material fact necessary to make the statements made, in light of the      circumstances under which such      statements were made, not misleading with respect to the period covered by      this report; |
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|   | 3. | Based      on my knowledge, the financial statements, and other financial information      included in this report, fairly      present in all material respects the financial condition, results of      operations and cash flows of the registrant      as of, and for, the periods presented in this  report; |
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|   | 4. | The      registrant’s other certifying officer(s) and I are responsible for      establishing and maintaining disclosure controls      and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))      and internal control over      financial reporting (as defined in Exchange Act Rules 13a-15(f) and      15d-15(f)) for the registrant and have: |
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|   | (a) | Designed      such disclosure controls and procedures, or caused such disclosure      controls and procedures to      be designed under our supervision, to ensure that material information      relating to the registrant, including      its consolidated subsidiaries, is made known to us by others within those      entities, particularly      during the period in which this report is being  prepared; |
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|   | (b) | Designed      such internal control over financial reporting, or caused such internal      control over financial reporting      to be designed under our supervision, to provide reasonable assurance      regarding the reliability      of financial reporting and the preparation of financial statements for      external purposes in accordance      with generally accepted accountingprinciples; |
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|   | (c) | Evaluated      the effectiveness of the registrant’s disclosure controls and procedures      and presented in this report      our conclusions about the effectiveness of the disclosure controls and      procedures, as of the end of      the period covered by this report based on such evaluation;      and |
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|   | (d) | Disclosed      in this report any change in the registrant’s internal control over      financial reporting that occurred      during the registrant’s most recent fiscal quarter (the registrant’s      fourth fiscal quarter in the case      of an annual report) that has materially affected, or is reasonably likely      to materially affect, the registrant’s      internal control over financial reporting;and |
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|   | 5. | The      registrant’s other certifying officer(s) and I have disclosed, based on      our most recent evaluation of internal      control over financial reporting, to the registrant’s auditors and the      audit committee of the registrant’s      board of directors (or persons performing the equivalent      functions): |
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|   | (a) | All      significant deficiencies and material weaknesses in the design or      operation of internal control over financial      reporting which are reasonably likely to adversely affect the registrant’s      ability to record, process,      summarize and report financial information;and |
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|   | (b) | Any      fraud, whether or not material, that involves management or other      employees who have a significant      role in the registrant’s internal control over financial      reporting. |
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| Date:  | May      15, 2009 |   | By:    | /s/      Edward P. Smolyansky                                                           |   |
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|   |              |   |   | Edward      P. SmolyanskyChief      Financial and Accounting Officer and Treasurer |   |

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