CLI Cls Holdings Plc

    Embargoed: 0700 hours 15 January 2007

                           CLS HOLDINGS PLC ("CLS")                            

         CLS HOLDINGS PLC ("CLS") ANNOUNCES SALE OF PROPERTY IN FRANCE         

The Board of CLS Holdings plc is pleased to announce that its wholly owned
subsidiary Citadel Holdings plc has sold the corporate structure that owns 147,
Avenue Paul Doumer in Rueil-Malmaison. The property value in the transaction
was Euro8.5 million before the deduction of Euro793,000 relating to contingent
capital gains tax and Euro544,000 in respect of stamp duty and other transactional
costs. The sale was completed on 28th December 2006.

The property comprising 39,204 sq ft (3,630 sq m) was purchased by CLS in 1999
for the equivalent of Euro4.4 million and was valued as at 30th June 2006 at Euro8
million.

At the time of the sale, the building was let to various tenants whilst 31%
remained vacant. Major refurbishment works would have been necessary before
re-letting could be achieved.

The purchaser is Dynamique Bureaux, a property fund fully owned by CB Richard
Ellis Investors.

Executive Chairman, Sten Mortstedt, commented:

"We are happy to have sold this building at an attractive price. The property
has yielded excellent returns over our period of ownership. Following this
sale, the vacancy rate of our French portfolio has been reduced to 1.7%."

                                    -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

Adam Reynolds/Ben Simons

Hansard Group

Tel. +44 (0)20 7245 1100





END

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