Tender Offer

23 March 2010

  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, INTO ANY  
 JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS 
                             OF SUCH JURISDICTION                              

                               CLS Holdings plc                                

                           ("CLS" or the "Company")                            

        Proposed purchase of 1 in every 48 Ordinary Shares of 25p each         

           in the Company ("Ordinary Shares") at 600 pence per share           

               by way of a tender offer (the "Tender Offer") and               

                           Notice of General Meeting                           

On 11 March 2010, the Board of CLS announced in its Annual Report for the year
ended 31 December 2009 that the Company intended to purchase 1 in every 42
Ordinary Shares by way of a tender offer at 525p per share. Since then, the
Company's average share price has risen such that the Board has determined to
amend the ratio and price to 1 in every 48 Ordinary Shares at 600p per share.

CLS is today posting a circular to shareholders in relation to the Tender Offer
on the terms set out above. If the maximum number of 1,004,817 Ordinary Shares
under the Tender Offer is acquired, this will result in an amount just
exceeding £6 million being paid by the Company to participating shareholders.

The Tender Offer is open to all shareholders on the Company's register at
5.00pm on 7 April 2010, who may participate by tendering all or a proportion of
their holdings of Ordinary Shares at the above price. No Ordinary Shares will
be purchased in relation to the Tender Offer unless the relevant resolution to
be proposed at the general meeting of the Company to be held on 8 April 2010
(the 'GM') is passed. The Tender Offer will be void if less than 0.1 per cent.
of the issued ordinary share capital of the Company (excluding treasury shares)
in aggregate is tendered. The Ordinary Shares purchased under the Tender Offer
will be cancelled.

Copies of the Tender Offer circular, tender form and form of proxy will be
submitted to the UK Listing Authority, and will shortly be available for
inspection at the UK Listing Authority's Document Viewing Facility, which is
situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel No: (0)20 7066 1000

Full details of the Tender Offer are contained in circular which will shortly
be available on the CLS website along with the form of proxy at 
www.clsholdings.com, in the Investor Relations section under Financial Reports.
Copies of the documents may also be obtained from the Company Secretary.

Enquiries:

CLS Holdings plc

David Fuller

Tel No: [phone]

Kinmont Limited

Jonathan Gray

Tel No: [phone]

Kinmont Limited is advising CLS in relation to the Tender Offer and no one else
and will not be responsible to anyone other than CLS for providing the
protections afforded to the customers of Kinmont Limited nor for providing any
advice in relation to the Tender Offer.

This announcement, which has been issued by the Company and is the sole
responsibility of the Company, has been approved only for the purposes of
Section 21 of the Financial Services and Markets Act 2000 of the United Kingdom
by Kinmont Limited, 5 Clifford Street, London W1S 2LG, a firm which is
authorised and regulated in the United Kingdom by the Financial Services
Authority.