Holding(s) in Company

CLS Holdings PLC
24 May 2002




LETTER TO CLS HOLDINGS PLC - DATED 23 MAY 2002

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

In accordance with the Companies Act 1985, (as amended) I write to notify you
that UBS Global Asset Management Life Ltd has an interest in 3,244,421 ord 25p
shares of the Company. This represents 3.35% of the issued share capital of the
Company.

Please find below a list of the Registered holders.

UBS Global Asset Management Life Ltd is a subsidiary of UBS Global Asset
Management Holding (No.2) Ltd which is also treated as having an interest in the
above shares. We are authorised to make this aggregate disclosure on behalf of
UBS Global Asset Management Holding (No.2) Ltd the registered address of which
is: 
               21 Lombard Street 
               London 
               EC3V 9AH

FROM UBS GLOBAL ASSET MANAGEMENT


                           CLS HOLDINGS PLC

                 Total Issued Share Capital -    96,789,740
 
Name                                                              Quantity

PHILDREW NOMINEES LIMITED               A/C LF09                   318,794
 
PHILDREW NOMINEES LIMITED               A/C LF20                 2,925,627
                                                                 ---------
                                                                 3,244,421
                                                                 ---------
                                                                      3.35%

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