Result of Tender Offer

CLS Holdings PLC
21 November 2002

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN




                   CLS Holdings plc ('CLS' or 'the Company')

Proposed purchase of up to 2,141,237 ordinary shares of 25p each in the Company
       ('Ordinary Shares') 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 25 October 2002, is now closed,
having received acceptance for the Tender Offer in full by its shareholders.
CLS's issued share capital following cancellation of 2,141,237 Ordinary Shares
under the Tender Offer will stand at 94,214,431 Ordinary Shares.




Enquiries:

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



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