Result of Tender Offer

CLS Holdings PLC
22 November 2001


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THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, THE REPUBLIC OF IRELAND OR
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                  CLS Holdings plc ('CLS' or 'the Company')

   Proposed purchase of up to 1,715,023 ordinary shares of 25p each in the
            Company by way of a tender offer (the 'Tender Offer')

                         Closure of the Tender Offer

The board of CLS is pleased to confirm that the Company's recent Tender Offer,
as described in the Tender Offer document dated 26 October 2001, is now
closed, having received acceptances for the Tender Offer in full by its
shareholders. CLS's issued share capital following cancellation of 1,715,023
ordinary shares under the Tender Offer will stand at 101,266,400 ordinary
shares.



Enquiries:
CLS Holdings plc
Sten Mortstedt      Executive Chairman                          020 7582 7766
Tom Thomson         Vice Chairman and Acting Chief Executive    020 7582 7766