CLI Cls Holdings Plc

RNS Number:6668R
CLS Holdings PLC
19 February 2002



Release date:   19th February 2002

Embargoed until:    07:00





                 CLS HOLDINGS PLC ("CLS") INCREASES RENTS


The Directors of CLS are pleased to announce increased rental income following
two rent reviews and the effects of annual indexation adjustments.

At Coombe Hill House, Kingston, CLS has agreed a revised rent of £673,000 per
annum (£199 per sq m - £18.50 per sq ft) with effect from 1st May 2001, an
increase of £143,000 per annum (27%) above the rent previously payable of
£530,000.

At Cambridge House, Hammersmith, the London Borough of Hammersmith and Fulham
has agreed to pay £212,312 per annum (£231 per sq m - £21.50 per sq ft) from
29th September 2001, an increase of £108,037 (104%) over the previous rent level
of £104,275.

Meanwhile both our French and Swedish property portfolios have produced a rise
in income with effect from 1st January 2002 as a result of the annual indexation
adjustment.  This has resulted in an increase of 3.5% or €690,150 (£425,208) per
annum for our French portfolio and an increase of 2.6% or SEK 4,191,868
(£279,536) per annum for our Swedish portfolio.


                                     -ends-



For further information, please contact:

Sten Mortstedt, Executive Chairman
Tom Thomson, Vice Chairman & Acting Chief Executive
CLS Holdings plc
www.clsholdings.com                              Tel.  +44 (0)20 7582 7766

Adam Reynolds / Takki Sulaiman
Hansard Communications
www.hansardcommunications.com                    Tel.  +44 (0)20 7735 9415



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