CLI Cls Holdings Plc

    Release date: 19 September 2006

                           CLS HOLDINGS PLC ("CLS")                            

               THE SHARD / LONDON BRIDGE TOWER INTERIM FINANCING               

CLS Holdings plc is pleased to announce the completion of an interim financing
package for London Bridge Tower, otherwise known as `The Shard', which is owned
by Teighmore Limited, the joint venture company held by three equal partners,
CLS Holdings plc, Sellar Property Group and CN Limited (for and on behalf of
the Halabi Family Trust).

The �196 million facility has been provided by Nationwide Building Society and
Kaupthing Singer & Friedlander and will, in part, fund the purchase of the PwC
occupational lease in place at the existing building on the site known as
Southwark Towers. Teighmore has exercised its option with PwC who will now
vacate the building before the end of 2007. The funds will also be used to pay
off the existing financing and to provide working capital for the current stage
of the project.

This follows the recent pre-letting of 190,000 sq ft (17,650 sq m) of offices
over the lower floors of the tower to TfL (Transport for London). TfL will take
a 30 year lease at rent rising in line with RPI.

Teighmore has already announced the pre-letting of the 200,000 sq ft (18,580 sq
m) hotel element of the scheme to Shangri-La who is also taking a 30 year
lease.

Sten Mortstedt, Executive Chairman of CLS Holdings plc said:

"With this financing now in place we can secure vacant possession from PwC and
move one step closer to delivering The Shard. We are delighted to have pre-let
close to 50 per cent of the commercial element of the scheme - a remarkable
achievement."

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Per Sj�berg, Chief Executive Officer

CLS Holdings plc

www.clsholdings.com

Tel. +44 (0)20 7582 7766

Ben Simons

Hansard Communications

0207 245 1100



END

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