City Service SE — M&A Activity 2015

Aug 3, 2015

On disposal of companies in Stavropol, Russia

On disposal of companies in Stavropol, Russia

Vilnius, Lithuania, 2015-08-03 18:00 CEST (GLOBE NEWSWIRE) -- Following the
decision to withdraw from Stavropol (Russia) residential facilities management
market, shares of group of companies active in Stavropol were transferred on 3
August.

Value of the share sale - purchase agreement is RUB 4 million, companies were
sold to physical persons, citizens of Russian Federation. In financial
statements of City Service group, Stavropol companies were accounted as
discontinued operations. Activities in Stavropol were loss making due to resale
of communal resources, thus disposal of companies will not have any negative
impact on financial result of City Service group.

     Vilius Mackonis,
     Director of Marketing and Communication Department
     + 370 5 239 4900