City Service AB - Notification on material event

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

Draft decisions for the Ordinary General Shareholders Meeting of City Service
AB (hereinafter referred to as “the Company”) to be held on 28 April 2008 are
as follows: 

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1. Presentation of the annual report of the Company for the year 2007.
Taken for the information. The decision on this issue is not adopted.

2. Presentation of the auditor's report of the Company.
Taken for the information. The decision on this issue is not adopted.

3. Approval of the Company's financial statements of the year 2007.
Approve the Company's financial statements of the year 2007.

4. Distribution of profit (loss) of the year 2007.

The Board of the Company proposes to the Ordinary Shareholders Meeting to pay
dividends in the amount of LTL 3.058.000 (27% of the net earnings of the year
2007). One share of nominal value of 1 LTL should receive LTL 0.16 dividend. 
The Company's Board proposes to the Ordinary Shareholders Meeting approve the
following draft of retained earnings distribution for the year 2007: 

(Amount LTL)
Retained earnings - profit (loss) transferred from prior reporting
period	:508,000 
Net result for the reporting year - profit:10,002,000
Distributable result - profit at the end of the reporting period:10,510,000
Transfers to legal reserves:525,000
Distributable profit:9,985,000
Profit distribution:	 
For dividends:3,058,000
Retained earnings - profit at the end of the reporting period:6,927,000


Shareholders decision is as follows:
Approve Company's profit distribution for the year 2007 as provided above in
the table. Pay dividends in the amount of LTL 3.058.000, one share of nominal
value of 1 LTL should receive LTL 0.16 dividend. Pay dividends to the
shareholders within the term settled in Law of Companies of Republic 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 21 April 2008. 


Vilius Mackonis
public relations spokesperson
+370 655 511 01