Transaction in Own Shares & Share Cancellation

CLS Holdings plc (the `Company')                        

                           Transaction in Own Shares                           

The Company announces that, pursuant to its general authority by shareholders
of the Company on 22 May 2007 to make market purchases of its own shares, the
Company acquired 10,000 Ordinary shares on 4 October 2007 at a price of 495
pence per Ordinary share. The purchased shares will be held as treasury shares.

The Company also announces that today it cancelled 750,000 treasury shares.

Following the above transactions the Company now holds 7,081,535 Ordinary
shares as treasury shares and the total number of Ordinary shares in issue,
excluding shares held as treasury shares, is 70,479,736. Therefore the total
number of voting rights in CLS Holdings plc is 70,479,736.

Enquiries:

Sten Mortstedt, Executive Chairman - 020 7582 7766

Per Sjöberg, Chief Executive Officer - 020 7582 7766

Date: 5 October 2007