City Service AB - Interim information

City Service Group consolidated results for first quarter of 2008

City Service Group, the largest facilities management company group in the
Baltic States, announces its unaudited Consolidated Interim Financial
Statements for first quarter of 2008, prepared according to International
Financial Reporting Standards. 

Total consolidated City Service Group's turnover for first quarter of 2008 was
LTL 54 million (EUR 15.6 million), an increase by 45 % over the total turnover
of LTL 37.2 million (EUR 10.8 million) for first quarter of 2007.  Profit for
the period amounted to LTL 3,1 million (EUR 0,9 million), an increase by 48%
over LTL 2.1 million (EUR 0.6 million) a year ago. 

Turnover of Group's companies operating in Baltic States was LTL 45.6 million
(EUR 13.2 million) for the period, with profit of LTL 2.5 million (EUR 0.72
million) (LTL 30 million (EUR 8.7 million) and LTL 2.5 million (EUR 0.72
million) for the same period last year). The companies in Russia have reached
turnover of LTL 8.4 million (EUR 2.4 million) for the period, with profit of
LTL 0.6 million (EUR 0.17 million). In 2007 in Russia turnover for the period
was LTL 7.1 million (EUR 2.1 million), with loss of LTL 0.5 million (EUR 0.14
million). 

Žilvinas Lapinskas, General Director of City Service AB, has made the following
comments: „We would like to draw attention to improving results in Russia.
Sankt Petersburg based daughter companies are increasingly improving their
activities due to positive tendencies in the market”. 

City Service Group now consists of 22 facilities management companies operating
in Lithuania, Russia, Latvia and Ukraine. The Group plans to reach consolidated
turnover of LTL 245 million (EUR 71 million) and consolidated profit of LTL 14
million (EUR 4.1 million) in 2008. 

Jonas Janukėnas
Finance and Administration Director
+370 5 239 4900

Attachments:

city service 3 month year 2008 interim financial report_en.pdf