Board Changes

15:00 Friday 2 May 2008

                               CLS HOLDINGS PLC                                

                            ("CLS" or "the Group")                             

                                 BOARD CHANGES                                 

In advance of its proposed change of domicile and the creation of a new holding
company for the Group, there have been a number of changes to the Board of CLS.

Henry Klotz has been appointed as Chief Executive Officer of CLS with immediate
effect. Henry has been employed by the Group for over 10 years and has been in
charge of the Group's property business both in Sweden and Germany. He is also
the Non-Executive Chairman of Catena AB, a Swedish listed company, in which CLS
has a 29% stakeholding and Non-Executive Director of Bulgarian Land Development
plc (the AIM listed company in which CLS also has a 29% interest).

Henry replaces Per Sjöberg as Chief Executive Officer, who has resigned his
directorship to return to Sweden. This is, in part, due to recent changes in UK
taxation affecting UK residents with "non-domiciled" status. However, Per will
continue as Chairman of both Bulgarian Land Development plc and of Lunarworks
Holdings AB. He will also remain on the Board of Catena AB.

In light of the changes to the Board, Anders Böös has resigned as Non-Executive
Director and Sten Mortstedt will continue in his role as Executive Chairman of
the Group.

Sten Mortstedt commented:

"We have had to look carefully at our requirements for the Board of CLS
particularly in light of current market conditions and our proposed new holding
company structure. Whilst we are disappointed to lose Per, who has performed an
excellent job as Chief Executive Officer over the past 2 ½ years and prior to
that as Development Director to the Group for 7 years, we are delighted to be
able to appoint Henry Klotz as Chief Executive Officer. Henry has extensive
international property experience across Europe which will be important for us.
I would also like to thank Anders for his contribution."

Pursuant to Listing Rule 9.6.13 (1), Henry Klotz is currently a Non-Executive
Director of Bulgarian Land Development and is Non-Executive Chairman of Catena
AB.

No further information is required to be disclosed pursuant to LR 9.6.13 R.
Henry currently is interested in 1,521 CLS ordinary shares.

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Tom Thomson, Vice Chairman

CLS Holdings plc

Tel. [phone]

www.clsholdings.com

Adam Reynolds

Hansard Group

[phone]

www.hansardgroup.co.uk