Planning Consent - LBT

CLS Holdings PLC
19 November 2003


Form Immediate Release
19 November 2003


                              CLS Holdings plc

                            ('CLS' or the 'Company')

               Planning Consent Granted for London Bridge Tower


The Directors of CLS Holdings plc are delighted to announce that planning
permission for the construction of London Bridge Tower (the 'Shards of Glass')
has been granted by the Secretary of State. The project, led by the Sellar
Property Group, in which both Sellar and CLS each have a one-third interest,
will be one of the UK's most exciting buildings comprising shops, offices,
hotel, residential and leisure facilities and, at over 300m (1000ft) high, the
tallest building in Europe.


Sten Mortstedt, Executive Chairman of CLS Holdings plc, commented,


'The application has been the subject of one of the most rigorous and
comprehensive inquiries for any new proposed building. We are delighted by the
decision as it gives us the opportunity to create what will become one of the
world's most impressive buildings. We expect London Bridge Tower designed by
acclaimed architect Renzo Piano, to become an international landmark. For CLS to
be an integral part of this substantial project is excellent news for the
Company and its shareholders.'


                                     -Ends-


For further information please contact:


Sten Mortstedt
Executive Chairman, CLS Holdings plc
020 7582 7766


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


Adam Reynolds / Ben Simons
Hansard Communications
020 7245 1100 / 0771 309 0135






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