Stmnt re Solna Business Park

CLS Holdings PLC
8 February 2001


                          CLS HOLDINGS PLC ('CLS')
                    ANNOUNCES RECEIPT OF PLANNING PERMISSION
                             AT SOLNA BUSINESS PARK
                                STOCKHOLM, SWEDEN

Further  to  the  completion of phase I of the refurbishment of  Solna  Business
Park, the Board of CLS is pleased to announce that on the 13th January 2001
Solna Town  approved a new draft of the Town Plan. The amended Town Plan  will 
enable CLS  to  continue the extensive refurbishment program that has been 
started  in phase I.

The works to phase I were allowed to be carried out under an exception  to  the
Town  Plan in advance of its alteration. These works included the addition of  a
new  floor and the creation of a further 2,237 m2. (24,080 ft2) of net lettable
office  accommodation. The property is now fully let, with the majority  of  the
property let to the Information Technology department of the Swedish Post
Office.

The  amended Town Plan, which applies to the entire estate, allows CLS to change
the use of each of the buildings and to construct an additional floor on each of
the buildings.  This  will  result  in the total floor  area  of  the  estate 
being increased by 23,480 m2 (252,726 ft2) to 131,080 m2 (1,410,900 ft2).

The  Board is also pleased to announce that on the 31st January 2001 Solna Town
granted  planning  permission  for  phase II  of  the  refurbishment  programme,
Frasaren  11. In anticipation of receiving this consent, the property  has  been
stripped  internally and is now ready for the refurbishment works  to  commence.
The  planning permission allows CLS to construct an additional floor  and  will
result  in  the  creation of an additional 8,600 m2 (92,570 ft2) of  net 
lettable office accommodation. The planning permission also allows for extensive
external refurbishment works to include landscaping of the surrounding area  and
the  re-cladding of the structure.

CLS  has  instructed CB Richard Ellis; and Colliers HBV to act as letting 
agents for  the  estate and negotiations have been entered into with various 
potential tenants, however, as yet no agreements have been signed.

Phase III of the refurbishment programme, Frasaren 12, win provide 32,678 m2
(351,743 ft2) of office accommodation when complete and it is anticipated
that a detailed planning application will be made later this year.

Executive Chairman, Sten Mortstedt, said;

'We are extremely pleased that Solna Town has amended the Town Plan and
granted planning permission for the extension of Frasaren 11. This
enables us to continue with phase II of the refurbishment programme and
ultimately brings us a step closer to realising our vision of creating a
modern business park at Solna, Stockholm, to rival the best in Sweden. '

For further information, please contact:
       
Sten Mortstedt, Executive Chairman, CLS Holdings plc     020-7582 7766
Glyn Hirsch, Chief Executive, CLS Holdings plc           020-7582 7766