New Lettings

Embargoed: 0700hrs, 14 January 2004

                           CLS HOLDINGS PLC ('CLS')                            

                 ANNOUNCES A SERIES OF NEW OFFICE LETTINGS IN                  

                WEST LONDON TOTALLING 4,092 SQ M (44,050 SQ FT)                

At Great West House, on the Great West Road in Brentford, BSkyB has renewed
their lease over the top 4 floors providing 1,978 sq m (21,290 sq ft) at a rent
of £167 per sq m (£15.50 per sq ft).

Hammersmith and Fulham Council have completed their lease renewal at 275 King
Street, Hammersmith, paying £159 per sq m (£14.75 per sq ft) for 1,575 sq m
(16,960 sq ft).

Cambridge House, Cambridge Grove, also in Hammersmith, has secured a charity
called The Open Society for 412 sq m (4,440 sq ft) on the 5th floor at a rent
of £189 per sq m (£17.50 per sq ft).

Finally, at CI Tower in New Malden, Daewoo has taken 126 sq m (1,360 sq ft) on
the 10th floor at a rent of £210 per sq m (£19.50 per sq ft).

The total annual rent payable under these leases is in excess of £682,000 per
annum.

Executive Chairman, Sten Mortstedt, commented:

'We are pleased to have concluded these lettings in what continues to be a
competitive office market. It is encouraging to see that our proactive and
flexible approach to leasing vacant space is paying dividends.'

                                    -ends-                                     

For further information please contact,

Sten Mortstedt, Executive Chairman

Tom Thomson, Vice Chairman & Acting Chief Executive

Kevin Chapman, UK Property Director

Tel. [phone]

CLS Holdings plc

www.clsholdings.com

Ben Simons

Hansard Communications

Tel. [phone]