Sale of Properties

Embargoed Release: 07:00hrs 3 April 2008

                               CLS HOLDINGS PLC                                

                                    ("CLS")                                    

    ANNOUNCES THE SALE OF TWO CENTRAL LONDON OFFICES BUILDINGS FOR £11.75 M    

The Board of CLS is pleased to announce the sale of Conoco House, 200 Great
Dover Street, SE1 and Satellite House, 17 Corsham Street, London N1 for a total
aggregate consideration of £11.75 million.

At Conoco House, CLS has sold its long leasehold interest of this 3,377 sq m
(36,345 sq ft) office building which has approximately 53 years unexpired. The
price paid by Helical Bar of £8.775 million represents a yield of approximately
7.7% of the net income of £717,700 p.a. CLS acquired the property in 2001 for £
5.1million. The entire building is let to Conoco Philips Limited by way of a
lease expiring in June 2011.

Ingelby Trice Kennard and Kingley & Partners acted for CLS, Helical Bar was
unrepresented.

Satellite House has been sold for £2.975 million to local property owner
Jannick Limited. This 1,450 sq m (15,600 sq ft) freehold office building is let
to Satellite Information Services Limited on a lease expiring in September
2013. The sale represents a net initial yield of 6.7%. CLS acquired the
property in 1996 at £2.134 million.

Allsop & Co acted on behalf of CLS whilst Jannick was unrepresented.

Executive Chairman of CLS, Sten Mortstedt, commented:

"Both of these single let assets have performed well and in the current climate
we are pleased to have been able to sell both properties."

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Per Sjöberg, Chief Executive Officer

CLS Holdings plc

Tel. [phone]

www.clsholdings.com

Adam Reynolds

Hansard Group

Tel. [phone]

www.hansardgroup.co.uk