Holding in Bulgarian Land Development plc

CLS Holdings plc ("CLS")                            

   Announces increase in interest in Bulgarian Land Development plc ("BLD")    

CLS is pleased to announce that it has increased its interest in BLD further to
its purchase today of 2,062,000 of BLD's Ordinary Shares at 24 pence per share.
This increases CLS' interest in BLD to 13,523,787 shares, being 33.81 per cent.

Enquiries:

Sten Mortstedt, Executive Chairman - 020 7582 7766

Henry Klotz, Chief Executive Officer - 020 7582 7766