CLI Cls Holdings Plc

RNS Number:0077S
CLS Holdings PLC
4 October 2000


                   CLS HOLDINGS PLC ("CLS") ANNOUNCES NEW LETTING 
                         AT SOLNA BUSINESS PARK STOCKHOLM

The Board at CLS is pleased to announce the completion of a further letting in
Sweden at Solna Business Park.

A total of 1,437 m2 (15,440 ft2) of office and warehouse accommodation has been
let to Etrem AB, at an aggregate annual rent of SEK 1,966,620 (#138,004).

The rent achieved for the office of SEK 1,560/m2 (#10.19/ft2) is at a level
significantly higher higher than rents for similar space in the building and
shows strong growth from the estimated rental value at the time of acquisition.
The lease will expire at the same time as the other leases in the building,
enabling a comprehensive refurbishment at that time. The warehouse accommodation
has been let at SEK 860/m2 (#5.62/ft2).

CLS will carry out a refurbishment of the accommodation at a cost of SEK
4,400,000 (#308,761).

Executive Chairman, Sten Mortstedt, said;

"This letting increases our cashflow, whilst short term development plans
continue. Committed rental income has increased from SEK 58.7 million (#4.1
million) per annum to SEK 83.0 million (#5.8 million) per annum since we
acquired the property."


For further information, please contact:
Sten Mortstedt, Executive Chairman, CLS Holdings plc     020 7582 7766
Glyn Hirsch, Chief Executive, CLS Holdings plc           020 7582 7766

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