Re Contract

CLS Holdings PLC
27 November 2001

Release date:                        27th November 2001
Immediate release

                           CLS HOLDINGS PLC ('CLS')
                          ANNOUNCES A NEW TENANT AT
                             ONE LEICESTER SQUARE

The Board of CLS is pleased to announce that Regent Inns Plc has agreed to
take an assignment of the existing lease of One Leicester Square.

CLS owns the freehold of One Leicester Square and the lease (which has an
unexpired term of 22.5 years) reserves a rent of £2 million a year.

The premises total 2,217 sq m net (23,861 sq ft) of refurbished accommodation
on ground and seven upper floors.  Regent Inns intends to operate three of its
highly successful brands from the property: Walkabout, Jongleurs and Surfers,
thereby offering a full range of entertainment throughout the building.

Completion of the assignment is anticipated to take place in January 2002.

CLS' Executive Chairman, Sten Mortstedt, said:

'We are delighted to welcome a company with the financial strength, flair and
professionalism of Regent Inns as tenant of One Leicester Square and look
forward to a long relationship with them.'

                                    -ends-

For further information, please contact:



Sten Mortstedt, Executive Chairman
Tom Thomson, Vice Chairman & Acting Chief Executive
CLS Holdings plc
www.clsholdings.com                                  Tel.  [phone]



Adam Reynolds / Takki Sulaiman
Hansard Communications
www.hansardcommunications.com                        Tel.  [phone]