**Exhibit 8.1**
| ** ** | ** ** | **Subsidiary**                                                   | ** ** | **Country of Incorporation** |
|------------|------------|------------------------------------------------------------------|------------|------------------------------|
| ** ** | ** ** | ** **                                                       | ** ** | ** **                   |
| 1.         |       | Annino Dairy Plant                                               |       | Russian Federation           |
| 2.         |       | Atamanskoe Farm                                                  |       | Russian Federation           |
| 3.         |       | Baltic Milk (former Roska)                                       |       | Russian Federation           |
| 4.         |       | Bishkek Dairy Plant                                              |       | Kyrgyz Republic              |
| 5.         |       | Buryn Powder Milk Plant                                          |       | Ukraine                      |
| 6.         |       | Dari Valdai                                                      |       | Russian Federation           |
| 7.         |       | Essentuki Mineral Water Plant at CMW (Caucasian  Mineral Waters) |       | Russian Federation           |
| 8.         |       | Experimental Baby Food Plant                                     |       | Russian Federation           |
| 9.         |       | Foods Production CJSC                                            |       | Russian Federation           |
| 10.        |       | Fruit Rivers                                                     |       | Russian Federation           |
| 11.        |       | Fruktola                                                         |       | Russian Federation           |
| 12.        |       | Geyser                                                           |       | Russian Federation           |
| 13.        |       | Grande-V                                                         |       | Russian Federation           |
| 14.        |       | Gulkevichy Dairy Plant                                           |       | Russian Federation           |
| 15.        |       | Healing Spring Water Plant                                       |       | Russian Federation           |
| 16.        |       | Karasuk Dairy Plant                                              |       | Russian Federation           |
| 17.        |       | Khabarovsk Dairy Trade House Wimm-Bill-Dann                      |       | Russian Federation           |
| 18.        |       | Kharkov Dairy Plant                                              |       | Ukraine                      |
| 19.        |       | Kiev Dairy Plant                                                 |       | Ukraine                      |
| 20.        |       | Krasnodar Dairy Trade House Wimm-Bill-Dann                       |       | Russian Federation           |
| 21.        |       | Krasnoyarsk Dairy Trade House Wimm-Bill-Dann                     |       | Russian Federation           |
| 22.        |       | Lianozovo Dairy Plant                                            |       | Russian Federation           |
| 23.        |       | Lianozovo-Samara                                                 |       | Russian Federation           |
| 24.        |       | Lianozovsky CJSC                                                 |       | Russian Federation           |
| 25.        |       | Moloko Veidelevki                                                |       | Russian Federation           |
| 26.        |       | Moscow Baby Food Plant                                           |       | Russian Federation           |
| 27.        |       | Municipal Guard Agency                                           |       | Russian Federation           |
| 28.        |       | Nazarovskoe Milk                                                 |       | Russian Federation           |
| 29.        |       | Nizhny Novgorod Dairy Plant                                      |       | Russian Federation           |
| 30.        |       | Novokuibyshevsk Milk                                             |       | Russian Federation           |
| 31.        |       | Obninsk Dairy Plant                                              |       | Russian Federation           |
| 32.        |       | Omsk Dairy Trade House Wimm-Bill-Dann                            |       | Russian Federation           |
| 33.        |       | Pervouralsk City Dairy Plant                                     |       | Russian Federation           |
| 34.        |       | Plemzavod Za Mir and Trud                                        |       | Russian Federation           |
| 35.        |       | Podmoskovnoye Moloko                                             |       | Russian Federation           |
| 36.        |       | Predgorye                                                        |       | Russian Federation           |
| 37.        |       | PTG WBD                                                          |       | Russian Federation           |
| 38.        |       | Ramensk Juices                                                   |       | Russian Federation           |
| 39.        |       | Ramensk Milk                                                     |       | Russian Federation           |
| 40.        |       | Ramenskiy Dairy Plant                                            |       | Russian Federation           |
| 41.        |       | Rodnik                                                           |       | Russian Federation           |
| 42.        |       | Roselectrocenter                                                 |       | Russian Federation           |
| 43.        |       | Rubtsovsk Dairy Plant                                            |       | Russian Federation           |
| 44.        |       | Siberian Cheese                                                  |       | Russian Federation           |
| 45.        |       | Siberian Dairy Plant                                             |       | Russian Federation           |
| 46.        |       | Subsidiary Enterprise Wimm-Bill-Dann                             |       | Ukraine                      |
| 47.        |       | Timashevsk Dairy Plant                                           |       | Russian Federation           |
| 48.        |       | Trade Company Wimm-Bill-Dann                                     |       | Russian Federation           |
| 49.        |       | Trud OJSC                                                        |       | Russian Federation           |
| 50.        |       | Tsaritsino Dairy Plant                                           |       | Russian Federation           |
| 51.        |       | Tuymazinskiy Dairy Plant                                         |       | Russian Federation           |
| 52.        |       | Ufa Dairy Plant                                                  |       | Russian Federation           |
| 53.        |       | Urals Dairy Trade House Wimm-Bill-Dann                           |       | Russian Federation           |
| 54.        |       | Valdai Springs Water Plant                                       |       | Russian Federation           |
| 55.        |       | Vitafruit                                                        |       | Russian Federation           |
| 56.        |       | Vitamol-M                                                        |       | Russian Federation           |

 

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| 57. |   | Vladivostok Dairy Plant                 |   | Russian Federation     |
|-----|--------|-----------------------------------------|--------|------------------------|
| 58. |   | Wimm-Bill-Dann Germany GmbH             |   | Germany                |
| 59. |   | Wimm-Bill-Dann Israel                   |   | Israel                 |
| 60. |   | Wimm-Bill-Dann Mineral Water            |   | Russian Federation     |
| 61. |   | Wimm-Bill-Dann Netherlands B.V.         |   | Netherlands            |
| 62. |   | Wimm-Bill-Dann Tashkent                 |   | Republic of Uzbekistan |
| 63. |   | Wimm-Bill-Dann Central Asia—Almaty |   | Republic of Kazakhstan |
| 64. |   | Wimm-Bill-Dann Krasnoyarsk              |   | Russian Federation     |
| 65. |   | Wimm-Bill-Dann Novosibirsk              |   | Russian Federation     |
| 66. |   | Wimm-Bill-Dann Preobritatel             |   | Russian Federation     |
| 67. |   | Wimm-Bill-Dann Vladivostok              |   | Russian Federation     |
| 68. |   | Zavety Ilyicha                          |   | Russian Federation     |

 

 

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