Completion of Further Solna Business Park Lettings

CLS Holdings PLC
25 May 2000


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


The Board of CLS is pleased to announce completion of three further lettings
at Solna Business Park.

A total of 3,132 sq m (33,700 sq ft) of mixed office, warehouse and light
industrial space has been let at an aggregate annual rent of SEK 3,097,990
(£228,809), an increase of over 50% above the rents at which these areas had
previously been let.

Executive Chairman, Sten Mortstedt, said :

'This demonstrates the strength of the letting market in the area and the
rental levels achieved will further increase the capital value of our
investment.'

For further information, please contact:

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