Exhibit
8.1   Subsidiary
  
  Ownership Percentage
  
  Country of Incorporation1.
  
  Lianozovo Dairy Plant
  
  98.31 %
  
  Russian Federation2.
  
  Annino Dairy Plant
  
  100 %
  
  Russian Federation3.
  
  Tsaritsino Dairy Plant
  
  98.91 %
  
  Russian Federation4.
  
  Sanctuary Valdai
  
  100 %
  
  Russian Federation5.
  
  Vladivostok Dairy Plant
  
  99.83 %
  
  Russian Federation6.
  
  Ramenskiy Dairy Plant
  
  96.68 %
  
  Russian Federation7.
  
  Karasuk Dairy Plant
  
  93.8 %
  
  Russian Federation8.
  
  Ufa Dairy Plant
  
  97.83 %
  
  Russian Federation9.
  
  Siberian Dairy Plant
  
  78.9 %
  
  Russian Federation10.
  
  Nizhny Novgorod Dairy Plant
  
  97.44 %
  
  Russian Federation11.
  
  Rubtsovo Dairy Plant
  
  100 %
  
  Russian Federation12.
  
  Kiev Dairy Plant
  
  86.58 %
  
  Ukraine13.
  
  Timashevsk Dairy Plant
  
  99.41 %
  
  Russian Federation14.
  
  Moloko Veidelevki
  
  100 %
  
  Russian Federation15.
  
  Siberian Cheese
  
  100 %
  
  Russian Federation16.
  
  Novokuibyshevsk Milk
  
  87.13 %
  
  Russian Federation17.
  
  Trade Company Wimm-Bill-Dann
  
  100 %
  
  Russian Federation18.
  
  Rodnik
  
  100 %
  
  Russian Federation19.
  
  Moscow Baby Food Plant
  
  77.34 %
  
  Russian Federation20.
  
  WBD Mineral Water
  
  100 %
  
  Russian Federation21.
  
  Roselectrocenter
  
  100 %
  
  Russian Federation22.
  
  Nectarin
  
  100 %
  
  Russian Federation23.
  
  Buryn Dry Milk Plant
  
  76 %
  
  Ukraine24.
  
  Tuymazinskiy Dairy Plant
  
  85 %
  
  Russian Federation25.
  
  Bishkek Dairy Plant
  
  96.1 %
  
  Kyrgyz Republic26.
  
  Fruit Rivers
  
  100 %
  
  Russian Federation27.
  
  Baltic milk Dairy (former Roska)
  
  100 %
  
  Russian Federation28.
  
  Depsona
  
  95.44 %
  
  Russian Federation29.
  
  Gulkevichi Butter Plant
  
  52.27 %
  
  Russian Federation30.
  
  Kharkov Dairy Plant
  
  85.27 %
  
  Ukraine31.
  
  WBD Netherlands B.V.
  
  100 %
  
  Netherlands32.
  
  WBD Israel
  
  100 %
  
  Israel33.
  
  WBD Germany GmbH
  
  100 %
  
  Germany34.
  
  Wimm-Bill-Dann Trading Company
  
  100 %
  
  Netherlands35.
  
  Subsidiary Enterprise Wimm-Bill-Dann
  
  100 %
  
  Ukraine   
   36.
  
  Wimm-Bill-Dann Preobritatel
  
  100 %
  
  Russian Federation37.
  
  Dari Valdai
  
  100 %
  
  Russian Federation38.
  
  Podmoskovnoye Moloko
  
  100 %
  
  Russian Federation39.
  
  Multifrukt
  
  98.33 %
  
  Russian Federation40.
  
  Wimm-Bill-Dann Agro
  
  85 %
  
  Russian Federation41.
  
  Wimm-Bill-Dann Vladivostok
  
  100 %
  
  Russian Federation42.
  
  Wimm-Bill-Dann Izhora
  
  100 %
  
  Russian Federation43.
  
  Wimm-Bill-Dann Kazan
  
  100 %
  
  Russian Federation44.
  
  Wimm-Bill-Dann Krasnoyarsk
  
  100 %
  
  Russian Federation45.
  
  Wimm-Bill-Dann Novosibirsk
  
  100 %
  
  Russian Federation46.
  
  Wimm-Bill-Dann Omsk
  
  100 %
  
  Russian Federation47.
  
  Wimm-Bill-Dann Rostov-on-Don
  
  100 %
  
  Russian Federation48.
  
  Donskoi Dairy Trade House Wimm-Bill-Dann
  
  100 %
  
  Russian Federation49.
  
  Krasnodar Dairy Trade House Wimm-Bill-Dann
  
  100 %
  
  Russian Federation50.
  
  Krasnoyarsk Dairy Trade House Wimm-Bill-Dann
  
  100 %
  
  Russian Federation51.
  
  Kupinskoye Moloko
  
  76 %
  
  Russian Federation52.
  
  Lianozovo Samara
  
  100 %
  
  Russian Federation53.
  
  Nevskiy Dairy Trade House
  
  100 %
  
  Russian Federation54.
  
  Novokuznetsk Dairy Trade House Wimm-Bill-Dann
  
  100 %
  
  Russian Federation55.
  
  Omsk Dairy Trade House Wimm-Bill-Dann
  
  100 %
  
  Russian Federation56.
  
  Ramensk Juices
  
  100 %
  
  Russian Federation57.
  
  Ramensk Milk
  
  75 %
  
  Russian Federation58.
  
  Semiruchye
  
  74 %
  
  Russian Federation59.
  
  Togliatti Dairy Trade House Wimm-Bill-Dann
  
  100 %
  
  Russian Federation60.
  
  Urals Dairy Trade House Wimm-Bill-Dann
  
  100 %
  
  Russian Federation61.
  
  Khabarovsk Dairy Trade House Wimm-Bill-Dann
  
  100 %
  
  Russian Federation62.
  
  Sibir Juices
  
  100 %
  
  Russian Federation63.
  
  Municipal Guard Agency
  
  100 %
  
  Russian Federation64.
  
  Wimm-Bill-Dann Central Asia
  
  100 %
  
  Kyrgyz Republic65.
  
  Wimm-Bill-Dann Central Asia  Almaty
  
  100 %
  
  Republic of Kazakhstan66.
  
  Wimm-Bill-Dann Central Asia  Shimkent
  
  100 %
  
  Republic of Kazakhstan67.
  
  Wimm-Bill-Dann Central Asia  Kordai
  
  100 %
  
  Republic of Kazakhstan68.
  
  Volga Juices
  
  100 %
  
  Russian Federation69.
  
  Darya
  
  98.84 %
  
  Ukraine70.
  
  Wimm-Bill-Dann Irkutsk
  
  100 %
  
  Russian Federation71.
  
  Wimm-Bill-Dann Ufa
  
  100 %
  
  Russian Federation  2 
   72.
  
  Food Production
  
  100 %
  
  Russian Federation73.
  
  Fruktola
  
  100 %
  
  Russian Federation74.
  
  Vitafrukt
  
  100 %
  
  Russian Federation75.
  
  Lianozovo (Lianozovskiy)
  
  100 %
  
  Russian Federation76.
  
  Grand-B
  
  100 %
  
  Russian Federation77.
  
  Vitamol-M
  
  72.925 %
  
  Russian Federation78.
  
  EO ISSA
  
  100 %
  
  Russian Federation79.
  
  PTG WBD
  
  100 %
  
  Russian Federation80.
  
  TK PPP
  
  90 %
  
  Russian Federation81.
  
  Healing Springs
  
  100 %
  
  Russian Federation82.
  
  Geyser
  
  100 %
  
  Russian Federation83.
  
  Toshkent Sut
  
  76.98 %
  
  Republic of Uzbekistan84.
  
  Wimm-Bill-Dann Toshkent
  
  100 %
  
  Republic of Uzbekistan  3