CLI Cls Holdings Plc

RNS Number:2021A
CLS Holdings PLC
3 November 1999


LETTER TO: CLS Holdings plc
DATED: 1 November 1999

              Notification on behalf of Dresdner Bank AG
              pursuant to s198-Companies Act 1985 ("The Act")

Kleinwort  Benson  Group  plc  ("KB  Group")  and  Dresdner  RCM  Global
Investors  Holdings  (UK)  Limited  ("DRCMH  (UK)"),  formerly   Thornton
Management  Limited,  are  indirect  subsidiaries  of  Dresdner  Bank  AG
("Dresdner").  The  shares in KB Group and in DRCMH  (UK)  are  held  by
Dresdner  Investments (UK) plc ("Dresdner Investments"),  a  wholly-owned
direct subsidiary of Zenon Beteiligungs GmbH ("Zenon") which is itself  a
wholly-owned direct subsidiary of Dresdner.

KB Group is the holding company of Kleinwort Benson Investment Management
Holdings Limited ("KBIMH"), together with its subsidiaries. DRCMH  (UK)  is
the holding company of Dresdner RCM Global Investors (UK) Limited ("DRCM
(UK)"),  formerly Thornton Investment Management Limited. As a result  of
s203(2)  of  the  Act  Dresdner, Dresdner  Investments  and  Zenon  are
interested in the CLS Holdings plc ordinary 25p shares in which KBIMH and
DRCM (UK), together with their subsidiaries, are interested.

Following the recent decrease in your shares in issue to 103,555,397,
we hereby notify you  that the disclosable interest of Dresdner, Dresdner
Investments and Zenon in the share  capital  of your company amounts to
17,749,733 shares and now represents 17.14% (previously 16.99%) of the issued
share capital.

The  present  position  in respect of the disclosable  interests  of  the
subsidiaries of Dresdner Investments is as follows:

-  Kleinwort Benson (Guernsey) Trustees Limited is interested in 17,626,587
   shares representing 17.02% (previously 16.87%) of the issued capital.

   These shares are registered in the following names;

   Molaki Inc.         3,877,822 shares
   Orchard Lake Inc.  13,748,765 shares

-  Kleinwort  Benson  Channel  Islands Limited is interested  in  17,626,587
   shares representing 17.02% (previously 16.87%) of the issued capital.

-  KBIM  International  Limited,  the parent  company  of  Kleinwort  Benson
   Channel  Islands Limited, is interested in 17,626,587 shares representing
   17.02% (previously 16.87%) of the issued capital.

-  Kleinwort Benson Investment Management Holdings Limited is interested  in
   17,630,287  shares representing 17.02% (previously 16.88%) of the  issued
   capital. This company is the parent company of KBIM International Limited
   and its interest arises as a result of s203(2) of the Act.

-  Kleinwort   Benson   Group  plc  is  interested  in   17,630,287   shares
   representing 17.02% (previously 16.88%) of the issued capital.

Whilst  these  shares  are not beneficially owned by  any  of  the  above
companies we are advised that, in certain circumstances, we are  required
to disclose these shareholdings pursuant to the Act.

This  announcement is made on behalf of Dresdner Bank  AG  by  Kleinwort
Benson  Group  plc,  a wholly owned subsidiary within the  Dresdner  Bank
Group.

LETTER FROM: KLEINWORT BENSON GROUP plc



END

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