Re.Letting Agreements

Release date: 10 February 2005

Embargoed until: 0700hrs

                           CLS HOLDINGS PLC ('CLS')                            

                          ANNOUNCES FURTHER LETTINGS                           

                       AT SOLNA BUSINESS PARK, STOCKHOLM                       

The Board of CLS is pleased to announce further lettings of previously vacant
space at Solna Business Park totalling 4,227 sq m (45,499 sq ft) at a total
rent of SEK 6,183,800 (£475,676) p.a.

At Fräsaren 11:

a) Alcatel Telecom AB has relocated its Swedish head office to Solna Business
Park and signed a 6-year lease for offices and warehouses totalling 1,358 sq m
(14,618 sq ft) from 1st June 2005.

b) b2b has leased 338 sq m (3,638 sq ft) of office and retail for a 5-year
period from 1st February 2005.

At Smeden 1:

a) Ultraförlaget AB has leased warehousing and office space of 1,206 sq m
(12,981 sq ft) for a period of 5 years from 1 October 2004.

b) Saratoga Systems AB has leased offices of 274 sq m (2,249 sq ft) for a
period of 5 years from 1 January 2005.

c) AKS Information Systems AB has leased offices of 781 sq m (8,407 sq ft) for
a period of 5 years from 1 June 2005.

d) Three retail units totalling 270 sq m (2,906 sq ft) have been let for 5 to 7
year periods.

All the above leases are exclusive heating, cooling, tax and indexation.

Solna Business Park as a whole is now 86% let.

Executive Chairman Sten Mortstedt commented:

'I am pleased that we have been able to continue with the successful lettings
of vacant space at Solna Business Park despite the current on-going building
works of the ICA house. The development is progressing according to plan.'

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Tom Thomson, Chief Executive & Vice Chairman

Dan Bäverstam, Chief Financial Officer

CLS Holdings plc

www.clsholdings.com

Tel. [phone]

Adam Reynolds / Ben Simons

Hansard Communications

Tel. [phone]