Re. Letting Agreements

Embargoed: 0700hrs 27 June 2005

                           CLS HOLDINGS PLC ('CLS')                            

       ANNOUNCES TWO NEW LETTINGS AT INGRAM HOUSE, JOHN ADAM STREET, WC2       

The Board of CLS is pleased to announce that the offices at Ingram House, 13/15
John Adam Street are once again fully let following extensive refurbishment.

The ground floor, extending to 168 sq m (1,805 sq ft) has been let to Spayne
Lindsay and Co. LLP for a term of five years at £54,150 per annum (£322 per sq
m/£30 per sq ft). The lease is subject to a tenant's break option at the end of
the third year of the term and a six month rent free period.

The lower ground and basement floors, extending to 197 sq m (2,120 sq ft) have
been let for a term of five years to Internet Advertising Bureau at £50,212 per
annum equating to £323 per sq m (£30 per sq ft) in respect of the lower ground
floor and £135 per sq m (£12.50 per sq ft) in respect of the basement. The
lease is subject to a break option at the end of the third year. A four month
rent free period was granted. EA Shaw and Nelson Bakewell were joint letting
agents.

Sten Mortstedt, Executive Chairman of CLS, commented:

'These lettings show the importance of offering quality accommodation through a
flexible letting approach.'

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Tom Thomson, Chief Executive & Vice Chairman

CLS Holdings plc

www.clsholdings.com

Tel. [phone]