Completion of Further Letting

CLS Holdings PLC
10 August 2000


                             CLS HOLDINGS PLC ('CLS')
                              ANNOUNCES NEW LETTING
                              AT SOLNA BUSINESS PARK
                                   STOCKHOLM

The Board of CLS is pleased to announce the completion of a further letting at
Solna Business Park.

A total of 891 sq m (9,575 sq ft) of light industrial space and car parking has
been let to Informationsteknik AB at an aggregate annual rent of SEK 1,252,620
(£90,770).

The premises were previously vacant and the rent achieved of SEK 1,320 per sq m
(£8.80 per sq ft) is at a level well above current rents for similar space in
the building and is almost 100% higher than the estimated rental value at the
time of acquisition, demonstrating the anticipated rental growth.

CLS will carry out a minor refurbishment of the accommodation and the lease will
expire at the same time as other leases in the building, enabling a
comprehensive refurbishment at that time.

Executive Chairman, Sten Morstedt, said:

'This letting is at almost twice the level we anticipated for this kind of space
when we acquired Solna. The short-term letting of unrefubished commercial space
maintains our strong cash flow whilst our long-term strategy for Solna Business
Park develops.


For further information, please contact:

Contact:
Sten Mortstedt, Executive Chairman, CLS Holdings plc     020 7582 7766
Glyn Hirsch, Chief Executive, CLS Holdings plc           020 7582 7766