Re: Letting Agreement

Release date: 6th September 2006 - Immediate release

                              FURTHER LETTINGS AT                              

                   SOLNA BUSINESS PARK, STOCKHOLM ("SOLNA")                    

                      REDUCE RENT GUARANTEE LIABILITY OF                       

                           CLS HOLDINGS PLC ("CLS")                            

CLS is pleased to announce that it has let a further 3,466 sq m (37,309 sq ft)
of vacant space to three new tenants at Solna Business Park.

The lettings reduce the liability of CLS for a rent guarantee obligation that
was attached to the sale of Solna on its sale to Fabege AB on 21st August 2006.
The rent guarantee at the time of the sale of £3.75 million (SEK 51.8 million)
has now been reduced by £1.1 million (SEK 15.0 million) as a result of these
lettings. The rent guarantee remaining amounts to £2.7 million (SEK 36.8
million) in respect of the vacant space of 7,534 sq m (81,097 sq ft).

Executive Chairman of CLS, Sten Mortstedt, said:

"I am pleased that the strong letting momentum that we have created at Solna is
continuing. The reduction of our outstanding rent guarantee through these
lettings effectively increases the net proceeds of the sale to CLS and I am
convinced that we will continue to find good quality tenants for the remaining
vacant space."

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Per Sjöberg, Chief Executive Officer

CLS Holdings plc

www.clsholdings.com

Tel. [phone]

Adam Reynolds/Ben Simons

Hansard Communications

Tel. [phone]