Closure of Tender Offer

CLS Holdings PLC
15 May 2002



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 up to 2,481,660 ordinary shares of 25p each in the Company
       ('Ordinary Shares') by way of a tender offer (the 'Tender Offer')

                          Closure of the Tender Offer


The board of CLS is pleased to confirm that the Company's recent Tender Offer,
as described in the Tender Offer document dated 19 April 2002, is now closed,
having received acceptance for the Tender Offer in full by its shareholders.
CLS's issued share capital following cancellation of 2,481,660 Ordinary Shares
under the Tender Offer will stand at 96,789,740 Ordinary Shares.


Enquiries:

CLS Holdings plc
Sten Mortstedt              Executive Chairman                   020 7582 7766
Tom Thomson                 Vice Chairman and Acting Chief       020 7582 7766
                            Executive


                      This information is provided by RNS
            The company news service from the London Stock Exchange