CLI Cls Holdings Plc

    Immediate Release: Tuesday 23 December 2008

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN

                   CLS Holdings plc ('CLS' or 'the Company')                   

 Proposed purchase of 2 in every 9 Ordinary Shares of the Company at 350 pence 
            per share pursuant to a tender offer ('the Tender Offer'),                

                            Result of Tender Offer                             

Further to the announcement made by CLS on Thursday 18 December 2008, the Board
of CLS is pleased to confirm that the Tender Offer, as described in the
circular to shareholders dated 1 December 2008, is now closed, having received
acceptance for the Tender Offer in full by its shareholders. Tenders for up to
and including the pro rata entitlement will be met in full. Tenders received
for excess Ordinary Shares will be subject to scale back at the rate of
0.14923897 Ordinary Shares for each excess Ordinary Share tendered over and
above the pro rata entitlement, rounded down to the nearest whole share. The
Ordinary Shares purchased by the Company pursuant to the Tender Offer will be
cancelled. Cheques will be despatched for certificated Ordinary Shares and
payment will be made through CREST for uncertificated Ordinary Shares pursuant
to the Tender Offer on 7 January 2009.

Enquiries:

CLS Holdings plc

Sten Mortstedt, Executive Chairman +44 (0) 20 7582 7766

Sarah Ghinn, Deputy Company Secretary +44 (0) 20 7582 7766



END

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