Property Sales

CLS Holdings PLC
26 November 2003

Embargoed: 0700hrs 26 November 2003

                              CLS HOLDINGS PLC

                                    ('CLS')

                       PROPERTY SALES - £12.3 MILLION

             COOMBE HILL HOUSE, NEW MALDEN AND COLNE HOUSE, WATFORD


CLS is pleased to announce the sale of Coombe Hill House, New Malden and Colne
House, Watford to the Scarborough Property Group for a total consideration of
£12.3 million, representing a net profit of £700,000.


Built in 1990, Coombe Hill House is a 3,530 sq m (38,000 sq ft) office building
let to Interval International Limited at £673,000 per annum. This lease expires
in May 2016 and the tenant has a break option in September 2011.


Colne House was built in the mid 1980's and provides 2,299 sq m (24,747 sq ft)
let to Hitachi Europe Limited at a rent of £670,000 per annum. This lease
expires in September 2010.


Lambert Smith Hampton and FPD Savills advised CLS.


Executive Chairman, Sten Mortstedt, commented:


'We are pleased to have concluded a sale to Scarborough Property Group at a time
of strong investment demand despite continuing uncertainty in the occupational
market.'


                                     -ends-


For further information, please contact:

Sten Mortstedt, Executive Chairman
Tom Thomson, Vice Chairman & Acting Chief Executive
Kevin Chapman, UK Property Director
CLS Holdings plc
Tel. [phone]
www.clsholdings.com

Adam Reynolds / Ben Simons
Hansard Communications
Tel. [phone]


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