Release date: 7th February 2005 - For Immediate Release

                           CLS HOLDINGS PLC ("CLS")                            

                          MAJOR PRE-LETTING AGREEMENT                          

                            AT LONDON BRIDGE TOWER                             

CLS Holdings plc is delighted to announce the first pre-let for London Bridge
Tower, which will be Europe's tallest building, and in which it owns a
one-third interest.

A pre-letting agreement has been signed with Shangri-La Hotels and Resorts,
Asia's leading luxury hotel group, for close to 18,500 sq m (200,000 sq ft) of
space over 18 floors in the 70-storey mixed use development located at London
Bridge station. The lease will be for a term of 30 years from completion of the
building with no breaks at an attractive commercial rent.

The hotel element of London Bridge Tower will be located on floors 34 to 52,
providing guests with stunning panoramic views of London. The agreement marks
Shangri-La's first hotel in Europe and concludes an intensive decade long
search for the right location in London.

Sten Mortstedt, Executive Chairman of CLS, commented:

"This pre-letting agreement represents a major step forward in adding to the
capital value of the project and in securing a significant source of future
income. Furthermore, having one of the world's finest hotels as a tenant in
London Bridge Tower will constitute a major attraction for companies wishing to
lease the office space in this iconic landmark building.

As we all know, the strongest future growth in the world economy belongs to
Asia and therefore I am extremely pleased that Shangri-La has chosen London
Bridge Tower to give London its first taste of an Asian top class environment
for the people living in and visiting London. I also believe Shangri-La will
attract office tenants from Asia who wish to establish themselves in Europe and
from global occupiers who wish to be located in a top quality building in
Europe."

                                    -ends-                                     

For further information please contact:

Sten Mortstedt, Executive Chairman

Tom Thomson, Chief Executive & Vice Chairman

CLS Holdings plc

www.clsholdings.com Tel. +44 (0)20 7582 7766

Adam Reynolds / Ben Simons

Hansard Communications

www.hansardcommunications.com Tel. +44 (0)20 7245 1100

Information on London Bridge Tower

Development of the site, which sits above London Bridge station and is a key
transport interchange providing extensive underground, rail, bus and taxi
transport links, is expected to get underway in early 2006 with completion in
2009/10.

In addition to the hotel, the 83,500 sq m (900,000 sq ft) London Bridge Tower
will also provide approximately 55,600 sq m (600,000 sq ft) of Class A offices
over 24 floors, retailing on the lower levels, a four-floor mid level leisure
and viewing gallery providing, cafes and bars as well as purpose designed
visitor gallery. There is a further public viewing gallery at the very top of
the building on levels 68 to 70, with the remainder of the accommodation on
floors 53 to 66 comprising London's most spectacular apartments.

Information on Shangri-La Hotel, London Bridge Tower

It is anticipated that the Shangri-La Hotel, London Bridge Tower will comprise
170 large deluxe guestrooms averaging approximately 40 sq m (431 sq ft) and
will introduce new standards of "suite-style" accommodation to London. 25
suites will include two speciality suites and a presidential suite while the
three corner suites on each floor will feature 12 sq m (130 sq ft) glass
enclosed balconies. There will be a "signature" restaurant, lobby lounge and
bar, and "food theatre" caf�, featuring a choice of multiple choice cooking
stations, offering outstanding international cuisine.

The hotel will have a stunning high level reception accessed, at street level,
from a dedicated entrance on St Thomas Street approached via a carriage
driveway.

The hotel will be home to Europe's first CHI spa, Shangri-La's signature brand.
CHI combines Chinese and Himalayan healing therapies, the latter inspired by
the mysticism of the Shangri-La legend, captured in James Hilton's famous "Lost
Horizon" novel. CHI private spa suites will be designed as the most spacious in
the city, offering a "spa with a spa" experience.

Fitness and recreational facilities will include an indoor "infinity" pool,
affording spectacular views of the Thames and the London skyline and fully
equipped fitness centre, both with panoramic views of the Capital, as well as
whirlpool, steam and sauna rooms.

Shangri-La has long been regarded as Asia's leading luxury hotel group and
currently owns and manages 46 hotels under the Shangri-La and Traders Hotels
brands throughout Asia Pacific including Australia, mainland China, Fiji, Hong
Kong, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and the
United Arab Emirates. Its current room inventory stands at more than 21,000
with a further 30 hotels presently under development.



END
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