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The following is an excerpt from a 10KSB SEC Filing, filed by LIFEWAY FOODS INC on 3/31/1999.
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The information regarding the Company's directors and certain other information required by this Item is incorporated by reference to the Company's Proxy Statement.

(a) Executive Officers. The executive officers of the Company are as follows:

Name                                  Age        Position                                             Officer Since
------------------------------- ---------------- -------------------------------------------------- ------------------
Michael Smolyansky                     51        CEO, CFO, President, Treasurer and Director              1986
Valeriy Nikolenko                      53        Vice President-Production and Secretary                  1993

MICHAEL SMOLYANSKY has been Chief Executive Officer, Chief Financial Officer, President, Treasurer and a director of the Company since its inception in February 1986. From 1976 to 1985, he was Project Engineer and Department Manager of E.J. Littell Machine Co., of Chicago, Illinois, where he had primary responsibility for design of material handling equipment. Mr. Smolyansky is a graduate of the Kiev Institute of Technology (M.S., Mechanical Engineering, 1971). Mr. Smolyansky devotes full time to the business of the Company. Mr. Smolyansky holds no other directorships in any other reporting company.

VALERIY NIKOLENKO has been Secretary of the Company since 1993 and Vice President-Production since January 1996. From 1992 to 1993, he was employed as an electronic technician in the United States. From 1982 to 1992, Mr. Nikolenko was a Department Manager for a government controlled design bureau in Kiev. He is a graduate of the Kiev Institute of Civil Aviation (M.S., Electronic Engineering, 1969). Mr. Nikolenko devotes full time to the business of the Company.

(b) Compliance With Section 16(a) of the Securities Exchange Act of 1934

Section 16(a) of the Securities Exchange Act of 1934 requires the Company's officers and directors, and persons who own more than 10% of a registered class of the Company's equity securities, to file reports of ownership and changes in ownership with the Securities and Exchange Commission ("SEC"). Officers, directors, and greater than 10% shareholders are required by SEC regulation to furnish the Company with copies of all Section 16(a) forms they file. Based solely on its review of copies of such reports received or written representations from certain reporting persons, the Company believes that, during the year ended December 31, 1998, all Section 16(a) filing requirements applicable to its officers, directors and ten percent shareholders were complied with except for the late filing of reports of one direct transaction by Michael Smolyansky, one indirect transaction by the Smolyansky Family Foundation, a private charitable foundation of which Michael Smolyansky is a trustee, and six indirect transactions by the spouse of Michael Smolyansky, all of which were reported on Form 5.

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