CLI Cls Holdings Plc

    Release date: Monday 5th March 2007

Embargoed until: 0700hrs

                           CLS HOLDINGS PLC ("CLS")                            

                    ANNOUNCES A FURTHER GERMAN ACQUISITION                     

The Board of CLS Holdings plc is pleased to announce that it has acquired a
further property in Germany for a total consideration of Euro18 million inclusive
of all costs.

The property known as Hans Bockler Strasse, Bochum comprises 25,115 sq m
(270,460 sq ft) of offices and retail space, together with 643 car parking
spaces. The main tenant is the City of Bochum who occupy 9,740 sq m (104,850 sq
ft), 39% of the total let area. Their lease matures on 31st December 2012 and
has no breaks. The property was constructed in the 1960s and has been partly
refurbished. The property currently has 10,693 sq m (115,102 sq ft) of vacant
space, representing 42% of the net lettable area.

The existing rental income is Euro1,084,000 (�728,990) and estimated rental value
of the property once fully let is Euro2,400,000, (�1,614,000) after
refurbishments.

The initial yield is 6% which is expected to increase significantly once
further lettings are achieved.

Executive Chairman of CLS Holdings plc, Sten Mortstedt, commented:

"This investment offers potential for a significant increase in value through
refurbishment and reletting of the vacant space."

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Per Sj�berg, Chief Executive Officer

Dan B�verstam, Chief Financial Officer

CLS Holdings plc

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

Ben Simons/Adam Reynolds

Hansard Group plc
Tel. +44 (0) 20 7 245 1100



END

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