Update Re. Non Core Investments

Immediate release: 3 February 2006

                               CLS Holdings plc                                

                                    ('CLS')                                    

                Update Re. Investment in The UK Cable Business                 

CLS announces that Wight Cable Limited, the Isle of Wight based
telecommunications and television company, in which CLS has a 75 per cent
interest, completed the sale of its business and substantially all of its
assets.

The business and assets of the other CLS cable investment, Wight Cable North
Limited which is a wholly owned subsidiary of CLS, have also been sold.

The net proceeds to the above cable companies resulting from these disposals
amounted to £0.6 million.

Executive Chairman Sten Mortstedt commented:

'I am pleased that the business and assets of these companies, which were not
compatible with our operations, have now been successfully sold.'

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Per Sjöberg, Chief Executive Officer

Steven Board Chief Operating Officer

CLS Holdings plc

www.clsholdings.com

Tel. [phone]

Adam Reynolds/Ben Simons

Hansard Communications

Tel. [phone]