W. J. GROUP Picture Any Grain Product... In Any Amount... Shipped Anywhere In The World... With Quality and Reliability... That's The Strength of W. J. Group The W. J. Group was started in 1989 by four private entrepreneurs, most of whom came originally from far western Ukraine, along the Hungarian border. In just 12 years, W. J. Group has catapulted from its status as an unknown start-up to one of the most reputable, visible and trustworthy names in the agricultural commodities business. The W. J. Group is now one of the largest exporters and processors of grain and oilseed products from the countries of the CIS and Eastern Europe.

The W. J. Group has expanded to control the entire logistics chain from land to the end-user. They now provide agricultural inputs (sowing seeds, fertilizers, herbicides and pesticides, fuel and cash pre-financing) to carefully selected, reputable farmers. This ensure that producers deliver high quality products in acceptable quantities in a timely manner.

The port grain elevator in Kherson, Ukraine is controlled by the W. J. Group and the Group has a substantial share participation in the port elevator in Novorossiysk, Russia. The capacity of the Kherson elevator has been expanded from 40,000 to 100,000 tons. The Kherson elevator has an on-site flour mill with a daily capacity of 410 tons of wheat. The flour mill is equipped with high-yield equipment manufactured by the Swiss company Buhler. The mill produces two grades of quality flour, which can be packaged in jute, paper, or polypropylene bags to conform to world standards. A large amount of the flour is delivered in bulk The flour from the Kherson mills is famous in Ukraine and beyond its borders.

In 1998, W. J. Group purchased one of the oldest crushing plants in Russia-the Valujki oil plant (founded in 1889). With an investment program and reconstruction, the plant's capacity increased to 120,000 tons of sunflower seeds per year. Newly installed bottling lines fill one liter bottles and have the capacity of producing up to 10 million bottles per month. Under the label "RAXDOLIE", the plant produces quality sunflower oil which conforms to the highest standards in the world. W. J. Group is expanding in this area and purchasing other crushing plants in the CIS.

W. J. Group has developed specialty agricultural products. In the Cherkassy area of Ukraine pumpkins are grown for their seeds. The seeds are used for cosmetics, pharmaceuticals, and for human consumption. W. J. exports more than 3,000 tons of pumpkin seeds from Ukraine each year and expects this volume to increase substantially. Several new farm production units have been created in the Donetsk and Kherson regions of Ukraine, in the Belgorod region of Russia and in Moldova by W. J. to produce large volumes of high-quality agricultural products in an efficient manner.

Operating as a major trading house the W. J. Group has worked with a number of large Western companies regarding the agricultural input financing cycle, working to move imputs in and grain out. W. J. has had working arrangements with Monsanto, Novartis, BASF, Rustica, DuPont, Dow Chemcial, FMC, John Deere, CASE, and New Holland.

W. J. Group comprises more than 2,000 employees working in over 65 locations. They have a trading office in Paris, an operations office in Budapest, U.S. offices in New York and Chicago, and additional offices in Bucharest, Kishinev, Kyiv, Riga, and Moscow. The W. J. Group is a leader in the agricultural trade community and a prominent advocate of free markets. They take pride in providing tens of thousands of jobs to local farmers, brokers and entrepreneurs.

For further information about the W. J. Group check their website,  http://www.wjgrain.com,  or contact:

W. J. Grain Ukraine Mykola Kompanets, Country Manager 10th Floor, 53/80 Saksaganskogo Street, Kyiv 01033 Ukraine 380 44 490 2031, Fax: 380 44 227 5468 office@wjei@kiev.ua

W. J. Chicago David Holpert, Chief Financial Officer 1 847 480 5100, Fax: 1 847 480 5105 wjchicago@aol.com

W. J. Export-Import, Inc. New York Joseph Vays, President 330 Livingston Street Brooklyn, NY 11217 1 212 938 5800, Fax: 1 212 938 5802

WJ GROUP ANNOUNCES THEIR RESULTS FOR FISCAL YEAR 2003
Leading Exporter and Processor of Grains and Oilseeds

WJ GROUP, Chicago, Illinois, August 28, 2003

CHICAGO........WJ Group, a leading exporter and processor of grains and oilseeds from the CIS, has announced record sales results for the previous year. During the 2002-2003 marketing year, WJ had exported 3,075,000 tons of grains and oilseeds from Russia, Ukraine, Moldova and Kazakhstan.

The group also processed 270,000 tons of oilseeds this past year. "We had significant growth in both exports and processing for the third consecutive year" announced Joseph Vays, president of the group. He added, "For the first time in our 14 year history, we surpassed 3 million tons in exports."

WJ Group operates the Valuyskiy and Chernyanksiy oilseed crushing plants (Milora and Razdolie brands) in Russia and the Beltzi plant (Floris, Mister Cook brands) in Moldova. Beginning in September of 2003, total operational crushing capacity of the WJ crushing facilities will increase by 15% to 450,000 tons of sunflower seeds per year.

The group also operates the Kherson port grain elevator in Ukraine and has a substantial share participation in the Novorossiysk port silo in Russia. Since the acquisition of the Kherson elevator, its storage capacity had been doubled to 100,000 metric tons of grain. WJ Group plans to double this capacity once again to 200,000 metric tons of grain in the very near future.

With its French subsidiary, WJ France, total grain and oilseed turnover of WJ Group was 3,652,000 mt. Sales revenue for this period was 435 million dollars. "Today, we are analyzing our results, looking for ways to be even more efficient in the future", said David Holpert, WJ's Chief Financial Officer.

For additional information contact David Holpert, CFO,  wjchicago@aol.com  and the WJ Group website:  http://www.wjgrain.com.