CLI Cls Holdings Plc

RNS Number:7522X
CLS Holdings PLC
26 June 2002


Release date:                                                      26 June 2002
Embargoed until:     0700 hrs



                            CLS HOLDINGS PLC ("CLS")

                         ANNOUNCES FURTHER PRE-LETTING

                             AT SOLNA BUSINESS PARK


The Board of CLS is pleased to announce a further pre-letting at Solna Business
Park.

Offices totalling 1,380 sq m (14,855 sq ft) in the ground floor of the building
known as Frasaren 11 have been let to MZ Travel AB for a period of five years
from 1 January 2003 at an annual rent of  SEK 1,850 per sq m (£12.29 per sq ft).

In other buildings owned by CLS at Solna Business Park the Department of
Occupational Safety and Health has extended its lease on 2,212 sq m (23,811 sq
ft) of offices, for another three years until September 2005 at a rent of SEK
1,550 per sq m (£10.30 per sq ft), which represents an increased rent of 72%;
and InterNordia/TeleDanmark has also extended its lease for another three years,
until September 2005 on 4,419 sq m (47,567 sq ft) of offices, and also taken
additional space of 1,000 sq m (10,764 sq ft), at a rent of SEK 1,325 per sq m
(£8.80per sq ft), which represents an increased  rent, excluding the additional
space, of 45%.


Executive Chairman, Sten Mortstedt, said:

"We welcome MZ Travel AB as a tenant in Solna Business Park, especially as they
will increase the range of business services available in the area.

14,130 sq m (152,099 sq ft) of Frasaren 11 is now let, representing 39% of the
net lettable area.

These transactions demonstrate that Solna Business Park remains  an attractive
location for both new and established tenants."



                                     -ends-



For further information, please contact:

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



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