City Service AB - Annual information

City Service Group annual information and consolidated audited results for the year 2007

City Service Group, the largest facilities management company group in the
Baltic States, announces its audited Consolidated Financial Statements for the
year 2007, prepared according to International Financial Reporting Standards. 

The total consolidated City Service Group's revenue for 2007 was LTL 209.2
million (EUR 60.6 million), an increase by 84 % over the total revenue of LTL
113.6 million (EUR 33 million) for the year 2006. 

Profit for 2007 amounted to LTL 11.1 million (EUR 3.2 million), an increase by
46% over LTL 7.5 million (EUR 2.2 million) in 2006. 

Žilvinas Lapinskas, General Director of City Service AB, has made the following
comments: „Audited results includes not recurring heat supply contract in
Kirovsk (Leningrad Oblast) acquisition cost amounting to LTL 703 thousand (EUR
203.7 thousand) and discount of LTL 1.131 million (EUR 327.8 thousand) of
current receivables for heat meter installation in Saint Petersburg which shall
be reversed in 2008”. 

The Board of the Company proposes to the Ordinary Shareholders Meeting to pay
dividends in the amount of LTL 3.058 million (EUR 885 thousand), LTL 0.16 per
one share. 

City Service Group now consists of 22 companies operating in Lithuania, Russia,
Latvia and Ukraine. 

ENCLOSED: 
City Service AB audited Consolidated Financial Statements for the year 2007 (in
LTL). 
City Service AB Consolidated Annual Report for the year 2007 (auditor-evaluated)

Vilius Mackonis,
public relations spokesperson
+370 655 511 01

Attachments:

city service_annual report_2007.pdf

ifrs_cs_en_2007_2008 04 18.pdf