City Service AB has been authorized to execute concentration


In a session held on January 29th, 2009 the Competition Council of the Republic
of Lithuania has authorised City Service AB to acquire 100% share stock of
Fervėja UAB (enterprise code 300883806). The Council states that no dominant
position will be created or strengthened, nor will competition be restrained in
appropriate markets due to intended concentration. On December 19th, 2008 City
Service AB and Fervėja UAB have signed an authorised capital increase agreement
(share subscription agreement), under which 99.9% of Fervėja UAB shares shall
be acquired. The control of Fervėja UAB shall be transferred to City Service AB
after registering increased share capital in the Register of Legal Entities in
a period settled by the law, and remaining 0.1% of shares will be acquired
under separate share sale - purchase agreement. 

Fervėja UAB owns 100% share stock of the company Būsto investicijų valdymas UAB
(enterprise code 300012856) on a basis of a share sale - purchase agreement,
concluded on January 9th, 2009. Būsto investicijų valdymas UAB possesses 100%
share stock in Karoliniškių būstas UAB, Viršuliškių ūkis UAB,  Naujamiesčio
būstas UAB and  Antakalnio ūkis UAB. These companies manage 1.9 million sq. m.
of residential facilities in Vilnius, Lithuania. In 2007 its turnover reached
LTL 27.7 million (EUR 8 million). 

Vilius Mackonis,
Public relations manager
+370 5 239 4900