Tender Offer

CLS Holdings PLC
11 October 2001



  CLS Holdings plc ('CLS', or the 'Company') - Proposed purchase of ordinary
shares of 25p each in the Company ('Ordinary Shares') by way of a tender offer
                             (the 'Tender Offer')

On 6 September 2001, the board of CLS reported in its announcement of interim
results for the six months ended 30 June 2001 that the Company intends to
purchase 1 in every 60 Ordinary Shares by way of a tender offer at 285p per
share. The board of CLS today announces that the Tender Offer is open to all
shareholders on the Company's register at the close of business on 19 October
2001.

Further details of the Tender Offer (including the posting of a circular to
shareholders in relation to the Tender Offer) will be announced in due course.