City Service AB - Notification on material event

Draft decisions for the Extraordinary General Shareholders Meeting of City Service AB

Draft decisions for the Extraordinary General Shareholders Meeting of City
Service AB (hereinafter referred to as “the Company”) to be held on 29 of
October 2008 are as follows: 

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1. Approval of the audit company.
To elect “Ernst & Young Baltic” UAB, company code 110878442, as the Company‘s
audit enterprise for the performance of the audit of Company‘s and Company‘s
consolidated financial statements of year 2008 and for the evaluation of
Company‘s annual report. 

2. Establishment of payment terms for the audit services.
Determinate that the Company shall pay for the audit of Company‘s and Company‘s
consolidated financial statements of year 2008 and for the evaluation of
Company‘s annual report services EUR 47,498 (forty seven thousand and four
hundred ninety eight euro), excluding VAT. The settlement for the audit
services shall be made in national currency - litas following the official rate
of litas and euro, published by bank of Lithuania on the day of issuing the
bill. 

To authorize the Company's General Manager to conclude and sign the agreement
for the audit services with “Ernst & Young Baltic” UAB and on his own
discretion settle the other conditions of audit services agreement, also
conclude and sign other related documents and perform other actions in order to
fulfil duly audit. 

3. Election of the independent member of audit committee.
The board of the Company suggest not to adopt the decision on this issue since
there are no suggestions for suitable applicant for this position. 

The decision on this issue is not adopted.

4. Change of the Company's Articles of Association.
Change the clause 2 “Company's objectives and activity” of Company's Articles
of Association and word it as follows: 

	„2 COMPANY‘S  OBJECTIVES AND ACTIVITY  
2.1. The main objective of the Company‘s activity is to pursue and develope on
its own choise any non prohibited commercial, economical, finacial and
industrial activity in a more efficient and productive way in order to gain
benefit. 
2.2. The objectives of Company‘s activity:
2.2.1. to render buildings (facility) management services;
2.2.2. to render maintenance services of engineering systems (heat and hot
water supply, water supply and sewerage, ventilation and cooling, maintenance
of power supply systems, etc.); 
2.2.3 to provide services of technical facility audit, to consult on the issues
of technical service and usage of energy resources; 
2.2.4. to manage energy resources effectively;
2.2.5. to manage supervision and control of various subcontractors (operated on
interior and exterior cleaning, security, repair works and renovation,
maintenance of gas supply systems, elevators, etc.); 
2.2.6. to manage and exercise renovation projects of buildings and heating
facility; 
2.2.7. to render labour security and health services, and to perform the
quality control of provided services. 
2.2.8. to perform debts exaction and render the services of exacting debts;
2.2.9. to render courier services;
2.2.10. to render other services.
2.3. The main Company‘s activities on NACE classificator:
	Repair of fabricated metal products, machinery and equipment (33.1);
	Sewerage (37.00);
	Collection of non-hazardous waste (38.11);
	Treatment and disposal of non-hazardous waste (38.21);
	Remediation activities and other waste management services (39.00);
	Construction of residential and non-residential buildings (41.20);
	Repair, restoration and reconstruction of buildings (41.20.20);
	Construction of utility projects for fluids (42.21);
	Construction of utility projects for electricity and telecommunications
(42.22); 
	Construction of other civil engineering projects n.e.c. (42.99);
	Demolition (43.11);
	Site preparation (43.12);
	Electrical installation (43.21);
	Installation of electrical system in buildings and constructions (43.21.10);
	Installation of fire-alarm and security signal  (43.21.20);
	Aerials, connections systems installation (43.21.30);   
	Plumbing, heat and air conditioning installation (43.22);
	Other constructions' installation (43.29);
	Building completion and finishing (43.3.);
	Plastering (43.31);
	Joinery installation (43.32);
	Floor and wall covering (43.33);
	Painting and glazing (43.34);
	Other building completion and finishing (43.39);
	Roofing activities (43.91)
	Other specialized construction activities n.e.c. (43.99);
	Maintenance and repair of motor vehicles (45.20);
	Transport via pipeline (49.50);
	Warehousing and storage (52.10);
         Other postal and courier activities (53.20);
         Other publishing activities (58.19);
         Computer programming activities (62.01);
         Computer consultancy activities (62.02);
         Computer facilities management activities (62.03);
         Other information technology and computer service activities (62.09);
	Data processing, hosting and related activities (63.11);
	Renting and operating of own or leased real estate (68.20);
	Management of real estate on a fee or contract basis (68.32);
	Legal activities (69.10);
	Accounting, bookkeeping and auditing activities; tax consultancy (69.20);
	Business and other management consultancy activities (70.22);
	Technical testing and analysis (71.20);
	Advertising agencies (73.11);
	Media representation (73.12);
	Market research and public opinion polling (73.20);
	Other professional, scientific and technical activities n.e.c. (74.90);
	Renting and leasing of cars and light motor vehicles (77.11);
	Renting and leasing of construction and civil engineering machinery and
equipment (77.32); 
	Security systems service activities (80.20);
	Combined facilities support activities (81.10);
	General cleaning of buildings (81.21);
	Other building and industrial cleaning activities (81.22);
	Other cleaning activities (81.29);
	Landscape service activities (81.30);
	Office administrative and support activities (82.1);
	Activities of call centres (82.20);
	Business support service activities n.e.c. (82.9);
	Activities of collection agencies and credit bureaus (82.91);
         Exploitation of sport equipment (93.11);
         Activities of business, employers and professional membership
organizations (94.1); 
         Repair of computers and peripheral equipment (95.11);
         Repair of communication equipment (95.12);
         Repair of furniture and home furnishings (95.24).

2.4. The Company also can manage any other legal economical (commercial)
activity that is not mentioned in articles 2.1. - 2.3. 
2.5. The Company will manage licensed or determinate activity only after
getting appropriate licenses or permits. 
2.6. In articles 2.1. -2.3. there are nothing that could limit the Company‘s
right to do non-commercial activity, including, to do activities and (or) make
contracts which do not make profit or do not get incomes or benefit, or
Company‘s right to change, to suspend or discontinue its activity.” 

Commit the Company's General Manager to sign changed version of Company's
Articles of Association and perform other actions in order to register the new
version of Articles of Association in register of enterprises of Lithuania. 

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In accordance with clause 21 of Law of Companies of Republic of Lithuania the
record day of the General Meeting of Shareholders is 22 of October 2008.