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Exhibit 4.2.1    
    

SIDE LETTER  

27
January 2005 

	To:	UBS (Luxembourg) S.A.

(the "Issuer")
	

 	

The Bank of New York

(the "Trustee")
	

 	

The Bank of New York, London Office

(the "Principal Paying Agent and Transfer Agent")
	

 	

and
	

 	

The Bank of New York, New York Office

(the "Paying Agent, Transfer Agent and Registrar")

Dear
Sirs, 

U.S.$150,000,000 8.5% Loan Participation Notes due 2008 (the "Notes") issued by, but without recourse to, UBS (Luxembourg) S.A. (the "Issuer") for the sole purpose of funding a
U.S.$150,000,000 loan (the "Loan") to Wimm-Bill-Dann Foods OJSC (the "Borrower"), such loan initially unconditionally, irrevocably, jointly and severally guaranteed by OAO
Lianozovo Dairy Plant, OAO Tsaritsino Dairy Plant and ZAO Trade Company Wimm-Bill-Dann (together the "Initial Guarantors") and additionally guaranteed by Nevskij Dairy Trade
House Ltd., Lianozovo-Samara LLC, Limited Liability Company Ural Dairy Traiding House—Wimm-Bill-Dann, Donskoi Dairy Trading
House—Wimm-Bill-Dann LLC, Krasnodar dairy Trade House—Wimm-Bill-Dann LLC and Roska OJSC (now Baltic Milk Dairy OJSC) (together
the "New Guarantors").

	1.
	Pursuant
to a second deed of accession dated the date hereof, Dairy OJSC (OAO "Molochny Kombinat") has become an additional new Guarantor (the "Additional
Guarantor") of the above-mentioned Loan.

	2.
	In
connection therewith, we hereby

	(a)
	repeat
the representations that are deemed to be repeated pursuant to the Loan Agreement entered into as of 14 May 2003 between ourselves and the Issuer;

	(b)
	confirm
that no Default or Event of Default is continuing or would occur as a result of the Additional Guarantor becoming a Guarantor; and

	(c)
	confirm
that all conditions precedent to the addition of the Additional Guarantor have been satisfied. 

	3.
	This
side letter is governed by, and shall be construed in accordance with, English law. 

Yours
faithfully, 

WIMM-BILL-DANN FOODS OJSC  

By: 

By: 

Acknowledged
and agreed the date hereof. 

UBS (LUXEMBOURG) S.A.  

By:

THE BANK OF NEW YORK

(as Trustee)  

By: 

THE BANK OF NEW YORK, LONDON OFFICE

(as Principal Paying Agent and Transfer Agent)  

By: 

THE BANK OF NEW YORK, NEW YORK OFFICE

(as Paying Agent, Transfer Agent and Registrar)  

By:

 
 

SECOND DEED OF ACCESSION    
    

27
January 2005 

	To:	 	UBS (Luxembourg) S.A.

(the "Issuer")
	

 	
 	

The Bank of New York

(the "Trustee")
	

 	
 	

The Bank of New York, London Office

(the "Principal Paying Agent and Transfer Agent")
	

 	
 	

and
	

 	
 	

The Bank of New York, New York Office

(the "Paying Agent, Transfer Agent and Registrar")
	

From:	
 	

Dairy OJSC (OAO "Molochny Kombinat")

(the "Additional Guarantor")

Dear
Sirs, 

U.S.$150,000,000 8.5% Loan Participation Notes due 2008 (the "Notes") issued by, but without recourse to, UBS (Luxembourg) S.A. (the "Issuer") for the sole purpose of funding a
U.S.$150,000,000 loan (the "Loan") to Wimm-Bill-Dann Foods OJSC (the "Borrower"), such loan initially unconditionally, irrevocably, jointly and severally guaranteed by OAO
Lianozovo Dairy Plant, OAO Tsaritsino Dairy Plant and ZAO Trade Company Wimm-Bill-Dann (together the "Initial Guarantors") and additionally guaranteed by Nevskij Dairy Trade
House Ltd., Lianozovo-Samara LLC, Limited Liability Company Ural Dairy Traiding House—Wimm-Bill-Dann, Donskoi Dairy Trading
House—Wimm-Bill-Dann LLC, Krasnodar dairy Trade House—Wimm-Bill-Dann LLC and Roska OJSC (now Baltic Milk Dairy OJSC) (together
the "New Guarantors").

	1.
	We
refer to:

	1.1
	a
deed of accession dated as of 23 January 2004 and made between the Issuer, the Trustee, the Principal Paying Agent and Transfer Agent, the Paying Agent, Transfer Agent and
Registrar and the New Guarantors (the "Deed of Accession");

	1.2
	a
deed of guarantee dated as of 14 May 2003 and made between UBS (Luxembourg) S.A. as Issuer and the Initial Guarantors (the "Deed of
Guarantee"); and

	1.3
	a
Deed of Indemnity dated as of 21 May 2003 and made between the Initial Guarantors and the Trustee and a Deed of Indemnity dated as of 21 May 2003 and made between the
Initial Guarantors, the Principal Paying Agent and Transfer Agent and Paying Agent, Transfer Agent and Registrar (together the "Deeds of Indemnity").

	

	Terms
defined in the Deed of Guarantee and in the Deed of Accession shall bear the same meaning herein.

	2.
	The
Additional Guarantor has resolved to become a New Guarantor pursuant to Clause 1.10 (Termination and Accession of Guarantors)
of the Deed of Guarantee, and has resolved to accede to the Deeds of Indemnity.

	3.
	The
Additional Guarantor is an open joint stock company duly organised under the laws of the Russian Federation.

	4.
	The
Additional Guarantor confirms that it has received from the Borrower true and up-to-date copies of the Loan Agreement, the Deed of Guarantee, the Deeds of
Indemnity and the Deed of Accession as at the date hereof. 

	5.
	The
Additional Guarantor undertakes, upon its becoming a Guarantor, to perform all the obligations expressed to be undertaken under the Deed of Guarantee and the Deeds of Indemnity by
a Guarantor and agrees that it shall be bound by the Deed of Guarantee and the Deeds of Indemnity and any other agreements in connection with the Notes binding on the Guarantors in all respects as if
it had been an original party thereto.

	6.
	The
Additional Guarantor makes the representations set out in Clause 2 (Representations and Warranties of the Guarantors) of the
Deed of Guarantee in respect of itself and on its own behalf.

	7.
	The
administrative details of the Additional Guarantor are set out in the Schedule hereto. 

8.     Governing Law and Jurisdiction

	8.1
	This
Second Deed of Accession is governed by, and shall be construed in accordance with, English law.

	8.2
	The
Additional Guarantor irrevocably agrees that the courts of England shall have jurisdiction to hear and determine any suit, action or proceedings, and to settle any disputes, which
arise out of or in connection with this Second Deed of Accession ("Proceedings") and, for such purposes, irrevocably submits to the jurisdiction of such
courts.

	8.3
	The
Additional Guarantor irrevocably waives any objection which it might now or hereafter have to the courts of England being nominated as the forum to hear and determine any
Proceedings and settle any Disputes (as defined below), and agrees not to claim that any such court is not a convenient or appropriate forum.

	8.4
	The
Additional Guarantor agrees that the process by which any Proceedings in England are begun may be served on them by being delivered to Law Debenture Corporate Services Limited, or
their registered offices for the time being. If any Person (as defined in the Loan Agreement) mentioned in this Clause is not or ceases to be effectively appointed to accept service of process on the
Additional Guarantor's behalf, the Additional Guarantor shall immediately appoint a further Person in England to accept service of process on its behalf. Nothing in this Clause shall affect the right
of any party to this Second Deed of Accession to serve process in any other manner permitted by law.

	8.5
	The
submission to the jurisdiction of the English courts in accordance with Clause 8.2 hereof shall not, and shall not be construed so as to, limit the right of any party
hereto to take Proceedings in any other court of competent jurisdiction.

	8.6
	The
Additional Guarantor consents generally in respect of any Proceedings to the giving of any relief or the issue of any process in connection with such Proceedings including,
without limitation, the making, enforcement or execution against any property whatsoever, irrespective of its use or intended use, of any order or judgement which is made or given in such Proceedings.

	8.7
	If
any dispute or difference of whatever nature howsoever arises from or in connection with this Second Deed of Accession, or any supplement, modifications or additions thereto (each
a "Dispute"), any party to this Deed may elect, by notice in writing to the other party, to settle such claim by arbitration in accordance with the
following provisions. The parties to this Deed hereby agree that, regardless of the nature of the Dispute, any Dispute may be settled by arbitration in accordance with the UNCITRAL Arbitration Rules
(the "Rules") as in force at the date of this Deed by a panel of three arbitrators appointed in accordance with the Rules. The seat of any reference to
arbitration shall be London, England. The procedural law of any reference to arbitration shall be English law. The language of any arbitral proceedings shall be English. The appointing authority for
the purposes set out in Article 7(2) and Article 7(3) of the Rules shall be the London Court of International Arbitration. 

IN
WITNESS whereof this Deed of Accession has been entered into by each party hereto on the date which appears first on page 1. 

Executed
as a deed by
 UBS (LUXEMBOURG) S.A.
  and signed and delivered as a deed by:

.......................................................................

on its behalf in the presence of: 

Witness:

Signature:

Name:

Address:

Executed
as a deed by
 THE BANK OF NEW YORK (as Trustee)
  and signed and delivered as a deed by:

.......................................................................

on its behalf in the presence of: 

Witness: 

Signature: 

Name: 

Address: 

Executed
as a deed by
 THE BANK OF NEW YORK, LONDON OFFICE

(as Principal Paying Agent and Transfer Agent)
  and signed and delivered as a deed by:

.......................................................................

on its behalf in the presence of: 

Witness:

Signature: 

Name: 

Address: 

Executed
as a deed by
 THE BANK OF NEW YORK, NEW YORK OFFICE

(as Paying Agent, Transfer Agent and Registrar)

and signed and delivered as a deed by:

.......................................................................

on its behalf in the presence of: 

Witness:

Signature:

Name: 

Address: 

Executed
as a deed by
 DAIRY OJSC (OAO "MOLOCHNY KOMBINAT")
  and signed and delivered as a deed by:

	........................................................	 	and .....................................................
	

Chief Executive Officer	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

on its behalf in the presence of:
	

Witness:	
 	

Witness:
	

Signature:	
 	

Signature:
	

Name:	
 	

Name:
	

Address:	
 	

Address:

SCHEDULE

Contact details of the Additional Guarantor  

DAIRY OJSC (OAO "MOLOCHNY KOMBINAT")  

	Address:	 	U1. Gibridnaya, 2

352700

Timashevsk

Krasnodarsky Kray

Russian Federation
	

Fax:	
 	

+7(095) 105 58 00
	Telephone:	 	+7(095) 105 58 05
	Contact Name:	 	Jay Yadegar

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Exhibit 4.2.1

SECOND DEED OF ACCESSIONQuickLinks
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Exhibit 4.2.2    
    

 
 

SIDE LETTER    
    

23
January 2004 

	 
	 

	To:	UBS (Luxembourg) S.A.

(as Issuer)

The Bank of New York

(as Trustee)

The Bank of New York, London Office

(as Principal Paying Agent and Transfer Agent)

and

The Bank of New York, New York Office

(as Paying Agent, Transfer Agent and Registrar)

Dear
Sirs, 

        U.S.$150,000,000 8.5% Loan Participation Notes due 2008 (the "Notes") issued by, but without recourse to, UBS (Luxembourg) S.A. (the "Bank") for the sole purpose
of funding a U.S.$150,000,000 loan (the "Loan") to Wimm-Bill-Dann Foods OJSC (the "Borrower"), such loan initially unconditionally, irrevocably, jointly and severally
guaranteed by OAO Lianozovo Dairy Plant, OAO Tsaritsino Dairy Plant and ZAO Trade Company Wimm-Bill-Dann (together the "Initial Guarantors")

	1.
	Pursuant
to a deed of accession dated the date hereof, each of Nevskij Dairy Trade House Ltd., Lianozovo-Samara LLC, Limited Liability Company Ural Dairy Traiding
House—Wimm-Bill-Dann, Donskoi Dairy Trading House—Wimm-Bill-Dann LLC, Krasnodar dairy Trade
House—Wimm-Bill-Dann LLC and Roska OJSC has become a new Guarantor of the above-mentioned Loan.

	2.
	In
connection therewith, we hereby

	(a)
	repeat
the representations that are deemed to be repeated pursuant to the Loan Agreement entered into as of 14 May 2003 between ourselves and the Bank;

	(b)
	confirm
that no Default or Event of Default is continuing or would occur as a result of any of the New Guarantors becoming a Guarantor; and

	(c)
	confirm
that all conditions precedent to the addition of each of the New Guarantors have been satisfied. 

1

 

	3.
	This
side letter is governed by, and shall be construed in accordance with, English law. 

Yours
faithfully, 

	 WIMM-BILL-DANN FOODS OJSC	 
	
By:	

/s/    •
	

 
	

By:	

/s/    •
	

 

Acknowledged
and agreed the date hereof. 

	
 UBS (LUXEMBOURG) S.A.	

 
	
By:	

 	

 

	
 THE BANK OF NEW YORK

(as Trustee)	

 
	
By:	

 	

 

	
 THE BANK OF NEW YORK, LONDON OFFICE

(as Principal Paying Agent and Transfer Agent)	

 
	
By:	

 	

 

	
 THE BANK OF NEW YORK, NEW YORK OFFICE

(as Paying Agent, Transfer Agent and Registrar)	

 
	
By:	

 	

 

2

 
	3.
	This
side letter is governed by, and shall be construed in accordance with, English law. 

Yours
faithfully, 

	 WIMM-BILL-DANN FOODS OJSC	 
	
By:	

 	

 
	

By:	

 	

 

Acknowledged
and agreed the date hereof. 

	
 UBS (LUXEMBOURG) S.A.	
 	

 
	
By:	

/s/    F. Gerster
	
 	

/s/    H. Wiersing

	
 THE BANK OF NEW YORK

(as Trustee)	

 
	
By:	

 	

 

	
 THE BANK OF NEW YORK, LONDON OFFICE

(as Principal Paying Agent and Transfer Agent)	

 
	
By:	

 	

 

	
 THE BANK OF NEW YORK, NEW YORK OFFICE

(as Paying Agent, Transfer Agent and Registrar)	

 
	
By:	

 	

 

3

 
	3.
	This
side letter is governed by, and shall be construed in accordance with, English law. 

Yours
faithfully, 

	
 WIMM-BILL-DANN FOODS OJSC	
 	

 
	
By:	

 	
 	

 
	

By:	

 	
 	

 

Acknowledged
and agreed the date hereof. 

	
 UBS (LUXEMBOURG) S.A.	

 
	
By:	

 	

 

	
 THE BANK OF NEW YORK

(as Trustee)	

 
	
By:	

/s/    Paul Pereira, AVP
	

 

	
 THE BANK OF NEW YORK, LONDON OFFICE

(as Principal Paying Agent and Transfer Agent)	

 
	
By:	

/s/    Paul Pereira, AVP
	

 

	
 THE BANK OF NEW YORK, NEW YORK OFFICE

(as Paying Agent, Transfer Agent and Registrar)	

 
	
By:	

/s/    Paul Pereira, AVP
	

 

4

 
 
 

DEED OF ACCESSION    
    

23
January 2004 

	 
	 	 

	To:	 	UBS (Luxembourg) S.A.

(as Issuer)

The Bank of New York

(as Trustee)

The Bank of New York, London Office

(as Principal Paying Agent and Transfer Agent)

and

The Bank of New York, New York Office

(as Paying Agent, Transfer Agent and Registrar)
	

From:	
 	

Nevskij Dairy Trade House Ltd.

Lianozovo-Samara LLC

Limited Liability Company Ural Dairy Traiding House—Wimm-Bill-Dann

Donskoi Dairy Trading House—Wimm-Bill-Dann LLC

Krasnodar dairy Trade House—Wimm-Bill-Dann LLC

Roska OJSC

(together the "New Guarantors")

Dear
Sirs, 

        U.S.$I50,000,000 8.5% Loan Participation Notes due 2008 (the "Notes") issued by, but without recourse to, UBS (Luxembourg) S.A. (the "Bank") for the sole purpose
of funding a U.S.$150,000,000 loan (the "Loan") to Wimm-Bill-Dann Foods OJSC (the "Borrower"), such loan initially unconditionally, irrevocably, jointly and severally
guaranteed by OAO Lianozovo Dairy Plant, OAO Tsaritsino Dairy Plant and ZAO Trade Company Wimm-Bill-Dann (together the "Initial Guarantors")

	1.
	We
refer to a deed of guarantee dated as of 14 May 2003 and made between UBS (Luxembourg) S.A. as Issuer and OAO Lianozovo Dairy Plant, OAO Tsaritsino Dairy Plant and ZAO Trade
Company Wimm-Bill-Dann as Guarantors (the "Deed of Guarantee").

	2.
	We
also refer to a Deed of Indemnity dated as of 21 May 2003 and made between the Guarantors and The Bank of New York as Trustee and a Deed of Indemnity dated as of 21
May 2003 and made between the Guarantors, The Bank of New York, London Office as Principal Paying Agent and Transfer Agent and The Bank of New York, New York Office as Paying Agent, Transfer
Agent and Registrar (together the "Deeds of Indemnity").

	3.
	Terms
defined in the Deed of Guarantee shall bear the same meaning herein.

	4.
	Each
of Nevskij Dairy Trade House Ltd., Lianozovo-Samara LLC, Limited Liability Company Ural Dairy Traiding House—Wimm-Bill-Dann, Donskoi
Dairy Trading House—Wimm-Bill-Dann LLC, Krasnodar dairy Trade House—Wimm-Bill-Dann LLC and Roska OJSC has resolved to become a
New Guarantor pursuant to Clause 1.10 (Termination and Accession of Guarantors) of the Deed of Guarantee, and each of the New Guarantors has
resolved to accede to the Deeds of Indemnity. It is expected that the name of Roska OJSC will be changed during the first six months of 2004, although, as at the date hereof, a new name has not yet
been determined. 

5

 
	5.
	Each
of the New Guarantors is a limited liability company (except for Roska OJSC which is an open joint stock company), in each case duly organised under the laws of the Russian
Federation.

	6.
	Each
of the New Guarantors confirms that it has received from the Borrower true and up-to-date copies of the Loan Agreement, the Deed of Guarantee and the Deeds
of Indemnity as at the date hereof.

	7.
	Each
of the New Guarantors undertakes, upon its becoming a Guarantor, to perform all the obligations expressed to be undertaken under the Deed of Guarantee and the Deeds of Indemnity
by a Guarantor and agrees that it shall be bound by the Deed of Guarantee and the Deeds of Indemnity and any other agreements in connection with the Notes binding on the Guarantors in all respects as
if it had been an original party thereto.

	8.
	Each
of the New Guarantors makes the representations set out in Clause 2 (Representations and Warranties of the Guarantors) of
the Deed of Guarantee in respect of itself and on its own behalf.

	9.
	The
administrative details of each of the New Guarantors are set out in the Schedule hereto.

	10.
	Governing Law and Jurisdiction

	10.1
	This
Deed of Accession is governed by, and shall be construed in accordance with, English law.

	10.2
	Each
of the New Guarantors irrevocably agrees that the courts of England shall have jurisdiction to hear and determine any suit, action or proceedings, and to settle any disputes,
which arise out of or in connection with this Deed of Accession ("Proceedings") and, for such purposes, irrevocably submit to the jurisdiction of such
courts.

	10.3
	Each
of the New Guarantors irrevocably waivers any objection which it might now or hereafter have to the courts of England being nominated as the forum to hear and determine any
Proceedings and settle any Disputes (as defined below), and agrees not to claim that any such court is not a convenient or appropriate forum.

	10.4
	Each
of the New Guarantors agrees that the process by which any Proceedings in England are begun may be served on them by being delivered to Law Debenture Corporate Services Limited,
or their registered offices for the time being. If any Person (as defined in the Loan Agreement) mentioned in this Clause is not or ceases to be effectively appointed to accept service of process on
any New Guarantor's behalf, the relevant New Guarantor shall immediately appoint a further Person in England to accept service of process on its behalf. Nothing in this Clause shall affect the right
of any party to this Deed of Accession to serve process in any other manner permitted by law.

	10.5
	The
submission to the jurisdiction of the English courts in accordance with Clause 11.2 hereof shall not, and shall not be construed so as to, limit the right of any party
hereto to take Proceedings in any other court of competent jurisdiction.

	10.6
	Each
of the New Guarantors consents generally in respect of any Proceedings to the giving of any relief or the issue of any process in connection with such Proceedings including,
without limitation, the making, enforcement or execution against any property whatsoever, irrespective of its use or intended use, of any order or judgement which is made or given in such Proceedings. 

6

 
	10.7
	If
any dispute or difference of whatever nature howsoever arises from or in connection with this Deed of Accession, or any supplement, modifications or additions thereto (each a
"Dispute"), any party to this Deed may elect, by notice in writing to the other party, to settle such claim by arbitration in accordance with the
following provisions. The parties to this Deed hereby agree that, regardless of the nature of the Dispute, any Dispute may be settled by arbitration in accordance with the UNCITRAL Arbitration Rules
(the "Rules") as in force at the date of this Deed by a panel of three arbitrators appointed in accordance with the Rules. The seat of any reference to
arbitration shall be London, England. The procedural law of any reference to arbitration shall be English law. The language of any arbitral proceedings shall be English. The appointing authority for
the purposes set out in Article 7(2) and 7(3) of the Rules shall be the London Court of International Arbitration. 

7

 

IN
WITNESS whereof this Deed of Accession has been entered into by each party hereto on the date which appears first on page 1. 

Executed
as a deed by
 UBS (LUXEMBOURG) S.A.
  and signed and delivered as a deed by:

	

By:	

/s/    H. Wiersing
	
 	

/s/    F. Gerster

on
its behalf in the presence of: 

Witness:    Rinaldo
Di Fabio 

Signature:

Name:    UBS
(Luxembourg) S.A. 

Address:    36-38
Grand-rue, P.O. Box 2, L-2010 Luxembourg 

Executed
as a deed by
 THE BANK OF NEW YORK (as Trustee)
  and signed and delivered as a deed by:

.......................................................................

on its behalf in the presence of: 

Witness: 

Signature: 

Name: 

Address: 

Executed
as a deed by
 THE BANK OF NEW YORK, LONDON OFFICE

(as Principal Paying Agent and Transfer Agent)
  and signed and delivered as a deed by:

.......................................................................

on its behalf in the presence of: 

Witness: 

Signature: 

Name: 

Address: 

8

 

IN
WITNESS whereof this Deed of Accession has been entered into by each party hereto on the date which appears first on page 1. 

Executed
as a deed by
 UBS (LUXEMBOURG) S.A.
  and signed and delivered as a deed by:

.......................................................................

on its behalf in the presence of: 

Witness: 

Signature: 

Name: 

Address:

Executed
as a deed by
 THE BANK OF NEW YORK (as Trustee)
  and signed and delivered as a deed by: 

	

By:	

/s/    Paul Pereira, AVP
	

 

on
its behalf in the presence of: 

Witness:    Daniel
Wynne, AVP 

Signature:

Name:

Address:
One Canada Sq., London 

Executed
as a deed by
 THE BANK OF NEW YORK, LONDON OFFICE

(as Principal Paying Agent and Transfer Agent)
  and signed and delivered as a deed by: 

	

By:	

/s/    Paul Pereira, AVP
	

 

on
its behalf in the presence of: 

Witness:    Daniel
Wynne, AVP 

Signature:

Name:

Address:
One Canada Sq., London 

9

 

Executed
as a deed by
 THE BANK OF NEW YORK, NEW YORK OFFICE

(as Paying Agent, Transfer Agent and Registrar)

and signed and delivered as a deed by: 

	

By:	

/s/    Paul Pereira, AVP
	

 

on
its behalf in the presence of: 

Witness:    Daniel
Wynne, AVP 

Signature:

Name:

Address:    One
Canada Sq., London 

Executed
as a deed by
 NEVSKIJ DAIRY TRADE HOUSE LTD.
  and signed and delivered as a deed by:

	........................................................	 	and	 	........................................................
	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:	
 	

 	
 	

Name:
	

Address:	
 	

 	
 	

Address:

Executed
as a deed by
 LIANOZOVO-SAMARA LLC
  and signed and delivered as a deed by:

	........................................................	 	and	 	........................................................
	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:	
 	

 	
 	

Name:
	

Address:	
 	

 	
 	

Address:

10

 

Executed
as a deed by
 THE BANK OF NEW YORK, NEW YORK OFFICE

(as Paying Agent, Transfer Agent and Registrar)

and signed and delivered as a deed by:

.......................................................................

on its behalf in the presence of: 

Witness: 

Signature: 

Name: 

Address: 

Executed
as a deed by
 NEVSKIJ DAIRY TRADE HOUSE LTD.
  and signed and delivered as a deed by:

	

By:	

/s/    •
	
 	

and	
 	

/s/    •

	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:    Rabovie Irina	
 	

 	
 	

Name:    Nikitin Sergey
	

Address:    Shestoi str 2-304 Saint-Petersburg, Russia	
 	

 	
 	

Address:    Hudozhnikov Pr. 23-1-53 Saint-Petersburg, Russia

Executed
as a deed by
 LIANOZOVO-SAMARA LLC
  and signed and delivered as a deed by:

	........................................................	 	and	 	........................................................
	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:	
 	

 	
 	

Name:
	

Address:	
 	

 	
 	

Address:

11

 

Executed
as a deed by
 THE BANK OF NEW YORK, NEW YORK OFFICE

(as Paying Agent, Transfer Agent and Registrar)

and signed and delivered as a deed by:

.......................................................................

on its behalf in the presence of: 

Witness: 

Signature: 

Name: 

Address: 

Executed
as a deed by
 NEVSKIJ DAIRY TRADE HOUSE LTD.
  and signed and delivered as a deed by: 

	

	
 	

 	
 	

 
	........................................................	 	and	 	........................................................
	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:	
 	

 	
 	

Name:
	

Address:	
 	

 	
 	

Address:

Executed
as a deed by
 LIANOZOVO-SAMARA LLC
  and signed and delivered as a deed by: 

	

By:	

/s/    •
	
 	

and	
 	

/s/    •

	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:    •	
 	

 	
 	

Name:    •
	

Address:    •	
 	

 	
 	

Address:    •

12

 

Executed
as a deed by
 LIMITED LIABILITY COMPANY

URAL DAIRY TRAIDING HOUSE—WIMM-BILL-DANN

and signed and delivered as a deed by: 

	

By:	

/s/    •
	
 	

and	
 	

/s/    •

	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:    Elena Zoedturine	
 	

 	
 	

Name:    Porceva Alla
	

Address:    Polevaya 11, 12, Novosidinsk, Russian Federation	
 	

 	
 	

Address:    Nagornaya 17, Berezovski Sverdlovskya, Russian Federation

Executed
as a deed by
 DONSKOI DAIRY TRADING HOUSE—WIMM-BILL-DANN LLC
  and signed and delivered as a deed by:

	........................................................	 	and	 	........................................................
	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:	
 	

 	
 	

Name:
	

Address:	
 	

 	
 	

Address:

Executed
as a deed by
 KRASNODAR DAIRY TRADE HOUSE—WIMM-BILL-DANN LLC
  and signed and delivered as a deed by:

	........................................................	 	and	 	........................................................
	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:	
 	

 	
 	

Name:
	

Address:	
 	

 	
 	

Address:

13

 

Executed
as a deed by
 LIMITED LIABILITY COMPANY

URAL DAIRY TRAIDING HOUSE—WIMM-BILL-DANN

and signed and delivered as a deed by: 

	........................................................	 	and	 	........................................................
	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:	
 	

 	
 	

Name:
	

Address:	
 	

 	
 	

Address:

Executed
as a deed by
 DONSKOI DAIRY TRADING HOUSE—WIMM-BILL-DANN LLC
  and signed and delivered as a deed by:

	By:	/s/    •
	 	and	/s/    •

	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:    Uikhaylev K.A.	
 	

 	
 	

Name:    Tebedev B.V.
	

Address:    Bratskiy per, 17 344082, Rostov-na-Dony, Russia	
 	

 	
 	

Address:    Bratskiy per, 17 344082, Rostov-na-Dony, Russia

Executed
as a deed by
 KRASNODAR DAIRY TRADE HOUSE—WIMM-BILL-DANN LLC
  and signed and delivered as a deed by:

	........................................................	 	and	 	........................................................
	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:	
 	

 	
 	

Name:
	

Address:	
 	

 	
 	

Address:

14

 

Executed
as a deed by
 LIMITED LIABILITY COMPANY

URAL DAIRY TRAIDING HOUSE—WIMM-BILL-DANN

and signed and delivered as a deed by: 

	........................................................	 	and	 	........................................................
	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:	
 	

 	
 	

Name:
	

Address:	
 	

 	
 	

Address:

Executed
as a deed by
 DONSKOI DAIRY TRADING HOUSE—WIMM-BILL-DANN LLC
  and signed and delivered as a deed by:

	........................................................	 	and	 	........................................................
	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:	
 	

 	
 	

Name:
	

Address:	
 	

 	
 	

Address:

Executed
as a deed by
 KRASNODAR DAIRY TRADE HOUSE—WIMM-BILL-DANN LLC
  and signed and delivered as a deed by:

	

By:	

/s/    •
	
 	

and	
 	

/s/    •

	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:    Mizoshnichenko O.S.	
 	

 	
 	

Name:    Wifadyeva T.A.
	

Address:    ul. Moskovskaya, 69 350072, Russia	
 	

 	
 	

Address:    ul. Moskovskaya, 69 350072, Russia

15

 

Executed
as a deed by
 ROSKA OJSC
  and signed and delivered as a deed by:

	

By:	

/s/    •
	
 	

and	
 	

/s/    •

	

Chief Executive Officer	
 	

 	
 	

Chief Accountant
	

on its behalf in the presence of:	
 	

 	
 	

on its behalf in the presence of:
	

Witness:	
 	

 	
 	

Witness:
	

Signature:	
 	

 	
 	

Signature:
	

Name:    Rabovie Irina	
 	

 	
 	

Name:    Nikitin Sergey
	

Address:    Stasova str 2-304 Saint-Petersburg, Russia	
 	

 	
 	

Address:    Hudozhnikov Pr. 23-1-53 Saint-Petersburg, Russia

16

 
 
 

SCHEDULE
  
    Contact details of the New Guarantors    
    

NEVSKIJ DAIRY TRADE HOUSE LTD.  

Address:
Shestoi Verchniy per., 1, promzona Pamas, 194292, St.-Petersburg, Russian Federation

Fax: 105-58-00

Telephone: 105-58-05

Contact Name: Jay Yadegar 

LIANOZOVO-SAMARA LLC  

Address:
proezd Malytseva, 9, 443022, Samara, Russian Federation

Fax: 105-58-00

Telephone: 105-58-05

Contact Name: Jay Yadegar 

LIMITED LIABILITY COMPANY

URAL DAIRY TRAIDING HOUSE—WIMM-BILL-DANN  

Address:
ul. Krasnoarmeyskaya, 76, 620055, Ekaterinburg, Russian Federation

Fax: 105-58-00

Telephone: 105-58-05

Contact Name: Jay Yadegar 

DONSKOI DAIRY TRADING HOUSE—WIMM-BILL-DANN LLC  

Address:
Bratskiy per, 17, 344082, Rostov-na-Dony, Russian Federation

Fax: 105-58-00

Telephone: 105-58-05

Contact Name: Jay Yadegar 

KRASNODAR DAIRY TRADE HOUSE—WIMM-BILL-DANN LLC  

Address:
ul. Moskovskaya, 69, 350072, Krasnodar, Russian Federation

Fax:105-58-00

Telephone: 105-58-05

Contact Name: Jay Yadegar 

ROSKA OJSC  

Address:
Shestoi Verchniy per., 1, promzona Pamas, 194292, St.-Petersburg, Russian Federation

Fax: 105-58-00

Telephone: 105-58-05

Contact Name: Jay Yadegar 

17

QuickLinks

Exhibit 4.2.2

SIDE LETTER

DEED OF ACCESSION

SCHEDULE Contact details of the New Guarantors

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