Letting Agreements

Embargoed: 0700hrs 12 October 2005

                           CLS HOLDINGS PLC ('CLS')                            

                         ANNOUNCES MAJOR NEW LETTINGS                          

                        AT SOLNA BUSINESS PARK, SWEDEN                         

The Board of CLS is pleased to announce that 3 new lettings have been signed in
Solna Business Park for a total of 6,056 sq m (65,078 sq ft).

GB Glace AB and Lever Fabergé AB, both subsidiaries of Unilever, have leased
4,125 sq m (44,327 sq ft) of office space in Smeden 1, together with 60 parking
spaces, for their new head office in Sweden. The lease is for a 7-year term
without break from 1st July 2006 and will automatically be prolonged for 3
years, should notice not be served 12 months before its expiry. The rent is
structured on a stepped basis.

SYSteam Region Mellan AB, a computer software company, has signed for a 5-year
term without break for 1,785 sq m (19,182 sq ft) at Fräsaren 12 with automatic
prolongation for 3 years should notice not be served 12 months before its
expiry. The lease payments are again on a stepped basis.

Gino Coffee Shop has leased 146 sq m (1,571 sq ft) at Smeden 1 for a fixed
5-year term.

Executive Chairman of CLS, Sten Mortstedt, commented:

'We welcome all our new tenants to Solna Business Park. It is especially
encouraging to see that a new cluster of companies in the retail business is
developing successfully, alongside the wide range of tenants who are already
located in the business park. The attraction of being close to leading
companies in the retail market such as ICA, Coop and Axfood, in addition to all
other advantages in Solna Business Park, is a major benefit in the choice of
long term strategic location.'

                                    -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]

Adam Reynolds/Ben Simons

Hansard Communications

Tel. [phone]