City Service AB - Notification on material event

On the prognosis of financial results for 2010

City Service AB plans to reach consolidated revenue of LTL 501 million (EUR     
145.2 million) in 2010 - an increase by 33.5 % compared to LTL 375.1 million    
(EUR 108.7 million) in 2009. According to the plans, the Group's consolidated   
EBITDA shall amount to LTL 41,8 million (EUR 12.1 million) and consolidated net 
profit shall amount to LTL 21.5 million (EUR 6.2 million) in 2010. Compared with
the results in 2009, EBITDA shall increase by 64.5 %, net profit by 52.4 %.     

Žilvinas Lapinskas, General Director of City Service AB, stated: While          
presenting the prognosis of the activities for the following year, I would like 
to signify that revenues of the Group's subsidiaries operating outside Lithuania
shall amount to 64 % of total turnover.                                         

In 2010, revenue and results of three companies acquired in the middle of 2009  
in St.Petersburg, Russia, shall fully consolidate in the Group's results, as    
shall revenue and results of Ecoservice UAB and its subsidiaries, acquired in   
the beginning of 2010. The increase in net profit shall be conditioned by       
reorganization of newly acquired companies in Russia and focused application of 
efficiency measures throughout the Group.                                       

City Service AB owns 33 companies operating in Lithuania, Latvia, Russia, and   
Ukraine. The Group manages facilities in buildings the total area of which is   
nearly 18 million sq. m.                                                        

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|                            | Sales     | EBITDA    | EBIT      | Net profit  |
|                            | (mln.     | (mln.     | (mln.     | (mln. LTL)  |
|                            | LTL)      | LTL)      | LTL)      |             |
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| 2009*                      | 375.1     | 25.4      | 20.6      | 14.1        |
--------------------------------------------------------------------------------
| 2010 forecast              | 501       | 41.8      | 28        | 21.5        |
--------------------------------------------------------------------------------
| Comparative Capitalization | 0.6       | 6.7       | 9.9       | 12.9        |
| Ratios**                   |           |           |           |             |
| (Share price 8.8 LTL)      |           |           |           |             |
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* Unaudited results                                                             
** City service AB market capitalization as of 30 March 2010 to forecasted for  
2010 sales, EBITDA, EBIT and net profit in each column accordingly              

Vilius Mackonis                                                                 
Public Relations Officer                                                        
+370 5 2394900