AB „City Service“ announcement regarding subscription results


The offer period of ordinary shares of AB „City Service“ ended  on 01.06.2007 
and  yesterday AB „City Service“ approved  the  list of subscribers. 

Hereby AB „City Service“ announces  that  during  the  subscription
period between 21.05.2007 - 01.06.2007  altogether  4 781 428 shares  of  AB
„City Service“  were subscribed. 

In respect of the offer made to intuitional  investors  the  approximate  rate 
of 
oversubscription was 8,12 times. Altogether 3 586 071 shares were  distributed 
to 
institutional investors with the price of LTL 12,95 per  share  (i.e. 
approximately 
75% of all the shares  to  be  distributed).  Total  number  of  1 141 
investors 
participated in the offer made to retail investors to whom 1 195 357 shares 
were 
distributed also with the price of LTL 12,95 per share (i.e. approximately  25%
 of 
all the shares to be distributed). 

All subscription undertakings in the amount up to 1 000 shares will be
satisfied  in 
full. In the  amount  exceeding  the  latter  the  subscription
undertakings will be satisfied in the extent of  19,4%.  

The main coordinator of  the  offer  was  AB  „Hansabankas“.

Jonas Janukėnas 
Financial and Administration Director 
Tel.: (+370 5) 2394900  
Fax: (+370 5) 2394848  
E-mail: jonas.janukenas@cityservice.lt