City Service AB - Interim information

AB City Service consolidated results for the year 2010

AB  City Service, owner of the Baltic States largest facilities management
group of companies, announces its unaudited Consolidated Interim Financial
Statements for the year 2010, prepared according to International Financial
Reporting Standards. 

Consolidated revenues of AB City Service for 2010 comprised LTL 546 million
(EUR 158 million), an increase by 45 % over the LTL 374.5 million (EUR 108.5
million) for the year 2009. 

The consolidated net profit for 2010 reached LTL 21.8 million (EUR 6.3 million)
and grew by 42% in comparison with LTL 15.3 million (EUR 4.4 million), in 2009.
EBITDA for 2010 comprised LTL 35.1 million (EUR 10.6 million). In 2009 EBITDA
was LTL 25.2 million (EUR 7.3 million). 

Last year's revenue for greater part was produced in foreign markets - even
63%. After disposal of unprofitable company and a strong headway in activity
optimization in Russia, we look forward to 2011 results with optimism. In
Russia's cities positive changes are taking place, which opens up great
opportunities for further expansion in this country, stated Žilvinas Lapinskas,
General Director of AB City Service. 

The reform of communal services market in Russia that opened the market for
private companies engaged in the management of apartment buildings began in
2005. The total area of residential buildings in Russia amounts to more than 3
billion sq. m. 

City Service group operates in Lithuania, Latvia, Russia and Ukraine with 18.5
million sq. m. of facilities under its management. The shares of City Service
are listed on the Main List of NASDAQ OMX Vilnius stock exchange. 

                         Sales (mln.   EBITDA (mln.  EBIT (mln.   Net profit    
                         LTL)          LTL)          LTL)         (mln. LTL)    
--------------------------------------------------------------------------------
2009                            374.5          25.2         20.6            15.3
--------------------------------------------------------------------------------
2010 (unaudited)                545.8          35.1         23.4            21.8
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Comparative                      0,57           8,9         13,4            14,4
Capitalization Ratios*                                                          
--------------------------------------------------------------------------------
* AB City Service market capitalization as of 28 February 2010 to forecasted
for 2010 sales, EBITDA, EBIT and net profit in each column accordingly. 



ENCLUDING: AB City Service unaudited Interim Consolidated Financial Statements
for the year 2010 (in LTL). 


         Vilius Mackonis
         Public Relations Officer
         +370 5 2394900

Attachments:

City Service 2010 interim FS EN.pdf