Updated Tender Offer Result

15 November 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 3 in every 43 Ordinary Shares at 740 pence per share by way of a tender offer ('the Tender Offer') Amended scale back ratio for excess Ordinary Shares tendered in the recent Tender Offer The board of CLS announced on 14 November 2006 that the Company's recent Tender Offer, as described in the letter to shareholders dated 6 November 2006, was closed having received acceptance for the Tender Offer in full by its shareholders and that tenders for up to and including the pro rata entitlement will be met in full. Subsequent to that announcement, the scale back ratio has been recalculated and tenders received for excess Ordinary Shares will be subject to scale back at the rate of 0.0372899 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 cancelled. Enquiries: CLS Holdings plc Steven Board, Chief Operating Officer +44 (0) 20 7582 7766 Sarah Ghinn, Deputy Company Secretary +44 (0) 20 7582 7766

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CLS Holdings (CLI)
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