Re Contract

CLS Holdings PLC
4 June 2001



Embargoed until:    07:30  4th June 2001



                           CLS HOLDINGS PLC ('CLS')

                              ANNOUNCES LETTING

AT SOLNA BUSINESS PARK

STOCKHOLM, SWEDEN



The board of CLS is pleased to announce the completion of a further letting at
Smeden 1, Solna Business Park.



A total of 588 sq m (6,329 sq ft) of office accommodation has been let to
Elektrobyran AB (Bravida Group), at an aggregate rent of SEK 1,084,860 (£
70,445) per annum. Elektrobyran AB who is involved in the electrical
installation business is to use the accommodation as their new head office.
The lease is for five years from 1st August 2001. The rent is subject to
annual indexation to reflect any increases in the Swedish equivalent of the
Retail Price Index.



The premises were previously vacant and the rent achieved of SEK 1,845 per sq
m (£11.13 per sq ft) sets a new record rent for lightly refurbished office
accommodation at Solna Business Park. This now leaves only 3,432 sq m (36,942
sq ft) vacant within Smeden out of a total of 39,500 sq m (425,175 sq ft).



Executive Chairman, Sten Mortstedt, said:



'This letting which sets a new record rent for lightly refurbished office
accommodation provides further evidence of the strong demand for space in the
area and enhances our cashflow yet further.'





                                    -ends-





For further information, please contact:


Sten Mortstedt, Executive Chairman, CLS Holdings plc  Tel. [phone]
Glyn Hirsch, Chief Executive, CLS Holdings plc        Tel. [phone]