City Service AB - Notification on material event

Notice on Ordinary General Shareholders Meeting of City Service AB

The Ordinary General Shareholders Meeting of City Service AB, code 123905633,
address Konstitucijos av. 7, Vilnius, is convened by initiative and the
decision of the Board. 

The Date of the Meeting - the 29th of April, 2011, Friday. Time - 9.00 a.m.,
place - Lvovo str. 25 (11 floor), Vilnius, Lithuania. Registration starts at
8.30 a.m. 

The Board confirmed the following agenda for the Ordinary General Meeting of
Shareholders: 

  1. Presentation of the consolidated annual report of the Company for the year
     2010.
  2. Presentation of the auditor's report of the Company.
  3. Approval of the Company's consolidated annual set of financial statements
     of the year 2010.
  4. Distribution of profit (loss) of the year 2010.
  5. Supplementation of the objectives of Company‘s activities in the Company's
     Articles of Association.

Company‘s Board proposes to the Ordinary General Shareholders Meeting to pay
dividends in the amount of LTL 7.902.500 (EUR 2.288.722), one share should
receive LTL 0.25 (EUR 0.0724) dividend. 

Draft decisions of the Ordinary General Meeting of Shareholders are attached.

The account date of the Ordinary General Meeting of Shareholders - the 21st of
April, 2011. Shareholders that own City Service AB shares on the end of the
working day of 21st of April, 2011, shall have the right to participate in
convened Ordinary General Meeting. The rights accounting date of the Ordinary
General Meeting of Shareholders - the 13th of May, 2011. 

Persons who participate in General Meeting of Shareholders must submit an
identity document. A person who is not a shareholder, to this document, also
must submit a document confirming the right to vote at an Ordinary General
Meeting of Shareholders. The authorized person at an Ordinary General Meeting
of Shareholders shall have the same rights as represented shareholder.
Shareholder's right to attend General Meeting of Shareholders also include the
right to ask. 

Please be informed that shareholders, who are entitled to participate at an
Ordinary General Meeting of Shareholders, own the right to authorize by
electronic means phisical or legal person to attend and vote on behalf of them
at Ordinary General Meeting of Shareholders. Power of attorney that is issued
by the shareholder must be submitted by sending e-mail
ignas.krasauskas@cityservice.lt not later than the 28th of April, 2011 (17 hrs.
00 min.). 

Please be informed that on decisions which are included into Ordinary General
Meeting of Shareholders agenda can be voted in writing by completing the
general ballot paper. If the person who had completed the general ballot paper
is not a shareholder, the completed general ballot paper must be accompanied by
a document confirming the right to vote. The duly completed general ballot
paper (voting bulletin) should be sent by e-mail
ignas.krasauskas@cityservice.lt or delivered directly to the Company's office
at Smolensko st. 12, Vilnius (3rd floor) not later than the 28th of April, 2011
(17 hrs. 00 min). The Company reserves the right not to include in the
shareholder vote, if the general ballot paper does not meet the third and
fourth parts of the 30 Article of Law on Companies requirements or the general
ballot paper is written in a way that it is impossible to establish
shareholder‘s will on a separate issue. 

On the implementation of the 1-3 points of the firt paragraph of the 261
Article of Law on Companies 

The agenda of the Ordinary General Meeting of Shareholders may be supplemented
by initiative of shareholders who own shares no less than 1/20 of all the
votes. Proposals to the agenda of the Ordinary General Meeting of Shareholders
may be submitted by e-mail ignas.krasauskas@cityservice.lt or delivered to the
Company's representative office at Smolensko st. 12, Vilnius (3rd floor) no
later than the 15th of  April, 2011. Please be informed that along with a
proposal to supplement the agenda of the Ordinary General Meeting of
Shareholders must be submitted the drafts of proposed decisions, or if the
decisions shall not be adopted, explanations on each of the proposed issue. 

Please be informed that shareholders who own shares no less than 1/20 of all
votes own the right at any time before the Ordinary General Meeting of
Shareholders or during the meeting in writing or by e-mail
ignas.krasauskas@cityservice.lt propose new draft decisions related to the
questions included into agenda. 

Shareholders own the right to ask the questions concerning the agenda of the
Ordinary General Meeting of Shareholders. Questions may be submitted by e-mail
ignas.krasauskas@cityservice.lt  or delivered directly to the Company's office
at Smolensko st. 12, Vilnius (3rd floor) not later than 26th of April, 2011. 

Please be informed that the Company may refuse to answer to shareholder's
questions if they are concerned to the commercial (industrial) secrets or other
confidential information. If it is possible to set the shareholder's identity,
the Company shall inform the shareholder on the refusal to provide asked
information. 


         Vilius Mackonis,
         Public relations officer
         + 370 5 239 4900

Attachments:

2011-04-29 The Draft Decisions_EN.pdf

The power of attorney _EN.pdf

2011-04-29 voting bulletin_EN.pdf