On acquisition of Šilutės butų ūkis UAB shares


On 20 March 2008 City Service AB and Šilutė district municipality have signed
delivery - acceptance deed of Šilutės butų ūkis UAB. City Service AB has
obtained the control of Šilutės butų ūkis UAB 80.02% share stock on basis of
the deed. City Service AB has already owned 19.8% shares of Šilutės butų ūkis
UAB. 

Šilutės butų ūkis UAB manages 285 thousand square meters of facilities area in
Šilutės district. 

City Service Group now consists of 22 facilities management companies operating
in Lithuania, Russia, Latvia and Ukraine. 

The total consolidated City Service Group's revenue for 2007 was LTL 207.7
million (EUR 60.2 million), an increase by 83 % over the total revenue of LTL
113.6 million (EUR 33 million) for the year 2006. Profit for 2007 amounted to
LTL 12.2 million (EUR 3.5 million), an increase by 62% over LTL 7.5 million
(EUR 2.2 million) in 2006. 

Vilius Mackonis,
Public relations manager
+370 655 511 01