CLI Cls Holdings Plc

    Embargoed Release: 07:00hrs 3 April 2008

                               CLS HOLDINGS PLC                                

                                    ("CLS")                                    

    ANNOUNCES THE SALE OF TWO CENTRAL LONDON OFFICES BUILDINGS FOR �11.75 M    

The Board of CLS is pleased to announce the sale of Conoco House, 200 Great
Dover Street, SE1 and Satellite House, 17 Corsham Street, London N1 for a total
aggregate consideration of �11.75 million.

At Conoco House, CLS has sold its long leasehold interest of this 3,377 sq m
(36,345 sq ft) office building which has approximately 53 years unexpired. The
price paid by Helical Bar of �8.775 million represents a yield of approximately
7.7% of the net income of �717,700 p.a. CLS acquired the property in 2001 for �
5.1million. The entire building is let to Conoco Philips Limited by way of a
lease expiring in June 2011.

Ingelby Trice Kennard and Kingley & Partners acted for CLS, Helical Bar was
unrepresented.

Satellite House has been sold for �2.975 million to local property owner
Jannick Limited. This 1,450 sq m (15,600 sq ft) freehold office building is let
to Satellite Information Services Limited on a lease expiring in September
2013. The sale represents a net initial yield of 6.7%. CLS acquired the
property in 1996 at �2.134 million.

Allsop & Co acted on behalf of CLS whilst Jannick was unrepresented.

Executive Chairman of CLS, Sten Mortstedt, commented:

"Both of these single let assets have performed well and in the current climate
we are pleased to have been able to sell both properties."

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Per Sj�berg, Chief Executive Officer

CLS Holdings plc

Tel. +44 (0)20 7582 7766

www.clsholdings.com

Adam Reynolds

Hansard Group

Tel. +44 (0) 7245 1100

www.hansardgroup.co.uk



END

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