CLI Cls Holdings Plc

    Release date: 02 February 2006

Embargoed until: 07:00hrs

                          CLS HOLDINGS PLC ANNOUNCES                           

                           SALE OF L�VG�RDET, SWEDEN                           

The Board of CLS Holdings plc ("CLS") is pleased to announce that it has sold
the whole of its mixed residential and commercial complex at L�vg�rdet,
Gothenburg for a total price of SEK547 million (�40.5 million).

These properties were purchased by CLS for SEK440 million (�29.4 million) in
January 2002 and were valued at 30 June 2005 at SEK550 million (�38.9 million).

This transaction reflects the Group's intention to concentrate on office and
commercial investments.

Executive Chairman, Sten Mortstedt, commented:

"We have taken care to have chosen Stena Fastigheter AB who is a highly
professional landlord, as the purchaser. They own a substantial portfolio of
property in the area and we trust this will be of substantial lasting benefit
to the tenants of L�vg�rdet."

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Per Sj�berg, Chief Executive Officer

Dan B�verstam

CLS Holdings plc

www.clsholdings.com

Tel. +44 (0)20 7582 7766

Ben Simons

Hansard Communications

Tel. +44 (0)20 7245 1100



END

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