Holding in Company

CLS Holdings PLC
6 September 2001


Letter to CLS Holdings Plc - Dated 3 September 2001

Re: S.198 Companies Act 1985: as amended by The Disclosure of Interest in Shares
(Amendment) Regulations 1993

I refer to my letter informing you that Phillips & Drew Life Limited, a 
subsidiary of UBS Asset Management Holding (No.2) Limited, (which is also 
treated as having an interest in the above shares) had a notifiable interest in 
the Company.  Phillips & Drew Life Limited and UBS Asset Management Holding 
(No.2) Limited wish to inform you that they no longer have a notifiable interest
in the ord 25p share capital of the Company.

Letter from:  D Fitzharris (Legal & Compliance Department, Phillips & Drew)