CLI Cls Holdings Plc

    Embargoed Release: 07:00hrs Thursday 8 May 2008

                           CLS HOLDINGS PLC ("CLS")                            

             ANNOUNCES THE SALE OF TWO OFFICE BUILDINGS FOR �22.1m             

The Board of CLS is pleased to announce the sale of Brent House, 349-357 High
Road, Wembley, Middlesex HA9 and 22 Dukes Road, London WC1, for a total
aggregate consideration of �22,100,000.

At Brent House, CLS has sold the freehold interest to the London Borough of
Brent for �17.1m, representing a net initial yield of 6.82%. CLS acquired the
building in 1988 for �6.4m.

Brent House comprises a nine storey office building constructed in the 1960's,
extending to 96,393 sq ft (9,127 sqm) situated on Wembley High Road, within
close proximity to Wembley Stadium. 60% of the building is currently occupied
by the London Borough of Brent with the remainder occupied by Air France and
Capita.

Knight Frank and MBH acted for CLS and Sherlock Consultancy acted on behalf of
the London Borough of Brent.

22 Dukes Road has been sold for �5m to GMS Estates. This 11,335 sq ft (1,053
sqm) freehold office building is let to Wallacespace Limited on a lease to
October 2016. The sale represents a net initial yield of 6.34%. CLS acquired
the property in 1995 for �1.8m.

Knight Frank acted for CLS whilst GMS Estates were represented by Montagu
Evans.

Executive Chairman of CLS, Sten Mortstedt commented:

"We are very pleased to have sold both these properties and are delighted that
we have sold Brent House to the London Borough of Brent having worked closely
with them over the years as a tenant."

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Henry Klotz, Chief Executive Officer

CLS Holdings plc

Tel. +44 (0) 20 7582 7766

www.clsholdings.com

Adam Reynolds

Hansard Group

Tel. +44 (0) 20 7245 1100

www.hansardgroup.co.uk



END

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