Submission of Clifford's Inn Planning

RNS Number : 4671J

CLS Holdings PLC

07 August 2012

Release date: 7 August 2012

Embargoed until: Immediate release

CLS Holdings plc

("CLS", the "Company" or the "Group")

Planning Application submitted for prime mid-town office

Clifford's Inn, Fetter Lane, EC4

CLS Holdings plc unveils plans to comprehensively refurbish the existing office space at its prime mid-town property, Clifford's Inn, Fetter Lane, EC4 over lower ground, ground, first and second floors, and undertake a complementary infill extension. This will provide new, high-specification, Category 'A' air-conditioned office accommodation, with a gross internal area totalling 3,433 sq m, behind a new, high-quality Portland stone façade.

In addition, the proposed scheme includes the provision of eight new residential apartments within the front portion of the first and second floors of the existing office space, providing a total of 500 sq m of residential accommodation. The eight new apartments will consist of one and two bedroom dwellings on each floor.

A planning application was submitted on 2 August 2012 to the City of London Corporation; subject to receiving planning consent, the £9.1 million refurbishment is scheduled to start in April 2013, with completion 12 months later.

Executive Chairman of CLS, Sten Mortstedt, commented:

"As part of the Group's strategy to maximise the potential of existing properties within its portfolio, this development represents an exciting opportunity to create high quality office accommodation and residential apartments in a prime London location."

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For further information, please contact:

CLS Holdings plc +44 (0)20 7582 7766

www.clsholdings.com

Sten Mortstedt, Executive Chairman

Henry Klotz, Executive Vice Chairman

Richard Tice, Chief Executive Officer

Kinmont Limited +44 (0)20 7087 9100

Jonathan Gray

Smithfield Consultants (Financial PR) +44 (0)20 7903 0669

Alex Simmons

This information is provided by RNS