Summary of LIFEWAY FOODS INC

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the Annual Meeting, the stockholders of the Company voted to approve two proposals. Proxies for the Annual Meeting were solicited pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended. There was no solicitation of proxies in opposition to management's nominees as listed in the proxy statement and all of management's nominees were elected to our Board of Directors. Details of the voting are provided below:

Proposal 1:

To elect five (5) members of the Company's Board of Directors to serve until the
2013 Annual Meeting of Stockholders (or until successors are elected or
directors resign or are removed).

                              Votes For    Votes Withheld   Broker Non-Votes
         Ludmila Smolyansky   13,493,587     1,229,459         1,254,141
         Julie Smolyansky     13,550,859     1,172,187         1,254,141
         Pol Sikar            13,677,194     1,045,852         1,254,141
         Renzo Bernardi       13,688,139     1,034,907         1,254,141

Gustavo Carlos Valle 13,519,938 1,203,108 1,254,141

Proposal 2:

Votes For Votes Against Abstentions Broker Non- Votes To ratify the
appointment of Plante
& Moran, PLLC as our
independent auditors
for the fiscal year
ending March 31, 2013. 12,459,708 54,600 3,462,879 0