City Service AB - Annual information

City Service Group annual information and consolidated audited results for the year 2010

City Service AB announces its audited Consolidated Annual Information and       
audited Consolidated Financial Statements for the year 2010, prepared according 
to International Financial Reporting Standards.                                 

Due to updated accounting of deferred profit tax City Service group's           
consolidated net profit for the period after audit mounted up to LTL 25.5       
million (EUR 7.4 million), a 66% rise comparing to 2009. The total consolidated 
revenue for 2010 was LTL 542 million (EUR 157 million), a 44% rise comparing to 
2009. Audited EBITDA mounted to LTL 35.7 million, a 41% rise comparing to 2009. 

In 2010 we have expanded the area of managed facilities successfully, reaching  
20.5 m sq. meters to this date. Our long term goal is to reach 27 m sq. meters  
of facilities managed in 2012. We are focused on this goal , stated  Žilvinas   
Lapinskas, General Manager of AB City Service.                                  

Company‘s Board proposes to the Ordinary General Shareholders Meeting to pay    
dividends in the amount of LTL 7.903 thousand (EUR 2.289 thousand), one share   
should receive LTL 0.25 (EUR 0,072) dividend.                                   

--------------------------------------------------------------------------------
|              | Sales         | EBITDA        | EBIT          | Net profit    |
|              | (mln. LTL)    | (mln. LTL)    | (mln. LTL)    | (mln. LTL)    |
--------------------------------------------------------------------------------
| 2009 m.      | 374.5         | 25.2          | 20.6          | 15.3          |
--------------------------------------------------------------------------------
| 2010 m.      | 541.8         | 35.7          | 24.7          | 25.5          |
| (audited)    |               |               |               |               |
--------------------------------------------------------------------------------
| Comparative  | 0.57          | 8.71          | 12.58         | 12.21         |
| capitalizati |               |               |               |               |
| on rations   |               |               |               |               |
| (Share price |               |               |               |               |
| 9,84 LTL *)  |               |               |               |               |
--------------------------------------------------------------------------------


* City service AB market capitalization as of 7 April 2011 to audited  2010     
sales, EBITDA, EBIT and net profit in each column accordingly.                  


ENCLOSED:                                                                       

City Service AB audited Consolidated Financial Statements for the year 2010 (in 
LTL).                                                                           
City Service AB Consolidated Annual Report for the year 2010 (auditor-evaluated)

You can also download:                                                          

Activities in 2010. Investor's presentation;                                   
http://www.nasdaqomxbaltic.com/market/upload/reports/cts/2010_yb_00/en/CS_Financ
_En_2010/                                                                       


Social Responsibility Report for 2010.                                          
http://www.nasdaqomxbaltic.com/market/upload/reports/cts/2010_yb/en/CS_Soc_EN/  



Vilius Mackonis,                                                                
public relations officer                                                        
+ 370 5 239 4900

Attachments:

annual_report_cs_2010_en.pdf

ifrs_fs_city_service_2010_en.pdf