City Service AB - Interim information

City Service consolidated results for the three months of 2011

AB City Service announces its unaudited Consolidated Interim Financial
Statements for the three months of 2011, prepared according to International
Financial Reporting Standards. 

The total consolidated City Service revenue for the three months of 2011 was
LTL 142 million (EUR 41.1 million), including LTL 88 million (EUR 25.5 million)
in foreign markets. This makes a 3 % increase over the total revenue of LTL 138
million (EUR 40 million) for the three months of 2010. 

Net profit for the period amounted to LTL 6 million (EUR 1.7 million) over LTL
6.97 million (EUR 2 million) a year ago. EBITDA for three months of 2011 was
LTL 9.95 million (EUR 2.88 million) over LTL 10.1 million (EUR 2.9 million) a
year ago. 

Heavy precipitation last winter in St. Petersburg increased costs of our
companies thus having weight on EBITDA for the first three months of 2011.
Exceptional measures had to be taken to ensure maintenance of apartment
building roofs and the costs rose by LTL 1.5 million. At the same time the City
of St. Petersburg and Group‘s companies made additional agreements on territory
cleaning, dedicated to compensate the costs mentioned earlier. The costs will
be compensated gradually during 2011, commented Žilvinas Lapinskas, General
Manager of AB City Service. 

City Service group operates in Lithuania, Russia, Latvia and Ukraine, with over
20 million square meters of facilities under management of Group's companies.          Sales (mln.   EBITDA (mln.  EBIT (mln.   Net profit    
                          LTL)          LTL)          LTL)         (mln. LTL)   
--------------------------------------------------------------------------------
                   2010     541.8          35.7         24.7           25.5     
--------------------------------------------------------------------------------
2011 1st quarter            141.9          9.95         7.02           6.01     
--------------------------------------------------------------------------------
2011 forecast               558.0          50.0         33.4           27.1     
--------------------------------------------------------------------------------
Comparative                  0.58          6.50         9.74           12.00    
 Capitalization Ratios*                                                         
--------------------------------------------------------------------------------

* AB City Service market capitalization as of 31 May 2011 to forecasted for
2011 sales, EBITDA, EBIT and net profit in each column accordingly. 



ENCLUDING: City Service Interim Consolidated Financial Statements for the three
months of 2011 (in LTL). 


         Vilius Mackonis,
         public relations officer
         +370 5 239 4900

Attachments:

City Service 2011 Q1 EN.pdf