Acquisition(s)

Release date: Monday 18 April 2005

Embargoed until: 07.00

                      CLS HOLDINGS PLC ('CLS') ANNOUNCES                       

                   A NEW ACQUISITION IN SOLNA BUSINESS PARK                    

The Board of CLS is pleased to announce that CLS has purchased a further
building in Solna Business Park, known as Yrket 3, at a total price of SEK 70
million (£5.26 million) inclusive of costs.

The property generates a net rental income of SEK 4,964,000 (£373,233) p.a.
(SEK 811 psm (£5.67 psft)), 85% of which is secured until 2009. The return on
equity based on a completed loan facility of SEK 50,250,000, interest only, is
18.4% p.a.

The property, comprising 6,118 sq m (65,855 sq ft) of offices, light industrial
space and archives plus 56 car parking spaces, was constructed in 1979. Its
acquisition will enable CLS to improve the access to its existing buildings at
Solna Business Park which will particularly benefit its recently developed
retail operations, including the ICA Maxi supermarket. In addition, CLS
Believes that the property has significant development potential in its own
right.

Sten Mortstedt, Executive Chairman of CLS, commented:

'I am very pleased with this further acquisition. We believe that the property
will add value to our holdings at Solna Business Park.'

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Tom Thomson, Chief Executive & Vice Chairman

Dan Bäverstam, Chief Financial Officer

CLS Holdings plc

www.clsholdings.com

Tel. [phone]

Ben Simons

Hansard Communications

Tel. [phone]