City Service AB - Notification on material event

The Decisions of City Service AB Ordinary General Meeting of Shareholders held on the 29th of April, 2011

Vilnius, Lithuania, 2011-04-29 14:15 CEST (GLOBE NEWSWIRE) -- Decisions of the
Ordinary General Shareholders Meeting of City Service AB (hereinafter referred
to as “the Company”) held on 29 April 2011 are as follows: 

1. On presentation of the consolidated annual report of the Company for the
year 2010. 

Presented.

2. On presentation of the auditor's report of the Company.

Presented.

3. On approval of the Company's consolidated set of financial statements of the
year 2010. 

Approve the Company's consolidated set of financial statements of the year 2010.

4. On distribution of profit (loss) of the year 2010.



                                                                   Amount (LTL  
                                                                    thousand)   
--------------------------------------------------------------------------------
Retained earnings - profit (loss) transferred from prior              15.087    
 reporting period                                                               
--------------------------------------------------------------------------------
Net result for the reporting year - profit (lost)                     15.050    
--------------------------------------------------------------------------------
The profit (loss) of the accounting financial year not                  -       
 recognised in the  profit (loss) account                                       
--------------------------------------------------------------------------------
The transfers from the reserves                                       - 533     
--------------------------------------------------------------------------------
The shareholders contributions to cover the losses of the               -       
 Company                                                                        
--------------------------------------------------------------------------------
Distributable result - profit at the end of the reporting             29.604    
 period                                                                         
--------------------------------------------------------------------------------
Profit distribution:                                                            
--------------------------------------------------------------------------------
Transfers to legal reserve                                            - 717     
--------------------------------------------------------------------------------
Transfers to Company's shares acquire reserve                           -       
--------------------------------------------------------------------------------
The share of profit allocated to other reserves;                        -       
--------------------------------------------------------------------------------
For dividends                                                        - 7.903    
--------------------------------------------------------------------------------
For annual payments (bonuses) for the Board members                   - 800     
--------------------------------------------------------------------------------
Retained earnings - profit at the end of the reporting period         20.184    
--------------------------------------------------------------------------------

4.1. Approve Company's profit (loss) distribution for the year 2010 as provided
above in the table. 

4.2. Pay dividends in the amount of LTL 7.902.500 (EUR 2.288.722), one share of
nominal value of 1 LTL should receive LTL 0.25 (EUR 0.0724) dividend. Pay
dividends to the shareholders within the term settled in Law of Companies of
Republic of Lithuania. 

5. On supplementation of the objectives of Company‘s activities in the
Company's Articles of Association. 

5.1. Supplement the second paragraph “the Company's objectives and activities”
of the Company's Articles of Association by including the new objective of
Company‘s activities: 

“2.2.9. to render elevator and escalator maintenance, installation,
construction and repair services;”. 

5.2. Commit the Company's General Manager to sign changed version of Company's
Articles of Association and perform other actions in order to register the new
version of Articles of Association in register of enterprises of Lithuania. 


         Vilius Mackonis
         Public Relations Officer
         + 370 5 2394900