Sale of property in France

Release date: 06 February 2006

Embargoed until: 07:00hrs

                          CLS HOLDINGS PLC ANNOUNCES                           

                          SALE OF PROPERTY IN FRANCE                           

The Board of CLS Holdings plc ('CLS') is pleased to announce the sale by its
wholly owned subsidiary Citadel Holdings plc of Le 41 building in La Défense,
Paris for €22.3 million (£15.3 million).

The property comprising 6,026 sq m (64,864 sq ft) and fully let to IBM until
December 2004, was purchased by CLS in 1998 for €11.7 million (£7.4 million)
and was valued as at 30 June 2005 at €21.4 million (£14.7 million).

The property had been vacant for 12 months following the departure of IBM and
was purchased by the financial accounting firm, Fiducial, for its own
occupation.

Executive Chairman, Sten Mortstedt, commented:

'We are delighted to have sold this property at a very attractive price. The
property has yielded excellent returns over our period of ownership and after
this sale the vacancy rate of our French portfolio is just 3.0 per cent.'

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Per Sjöberg, Chief Executive Officer

Dan Bäverstam Chief Financial Officer

CLS Holdings plc

www.clsholdings.com

Tel. [phone]

Ben Simons

Hansard Communications

Tel. [phone]