Result of AGM and Tender Offer

For immediate release: 23 May 2006

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
  UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, THE REPUBLIC OF IRELAND OR   
                                     JAPAN                                     

                               CLS Holdings plc                                
                           ('CLS' or 'the Company')                            

   Proposed purchase of 1 in every 42 Ordinary Shares at 640 pence per share   
                 by way of a tender offer ('the Tender Offer')                 

                        Result of AGM and Tender Offer                         

At the Annual General Meeting of the Company held at 2.00 p.m. today, all the
resolutions set out in the Tender Offer document and notice of AGM dated 26
April 2006 were duly passed.

The board of CLS is also pleased to confirm that the Company's recent Tender
Offer, as described in the Tender Offer document dated 26 April 2006, is now
closed, having received acceptance for the Tender Offer in full by its
shareholders. Tenders for up to and including the pro rata entitlement will be
met in full. Tenders received for Ordinary Shares in excess of the pro rata
entitlement will be satisfied at the rate of 0.00601450 Ordinary Shares for
each excess Ordinary Share tendered over and above the pro rata entitlement,
rounded down to the nearest whole share. The Ordinary Shares purchased by the
Company pursuant to the Tender Offer will be held by the Company as treasury
shares.

A copy of the resolutions passed at the Annual General Meeting will be
submitted to the UK Listing Authority and will shortly be available for
inspection at:


Document Viewing Facility
Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Telephone: [phone]


Enquiries:

CLS Holdings plc
Sten Mortstedt, Executive Chairman
Telephone: [phone]
Steven Board, Chief Operating Officer
Telephone: [phone]