CLI Cls Holdings Plc

RNS No 8088x
CLS HOLDINGS PLC
16th March 1998


LETTER TO: CLS HOLDINGS PLC

NOTIFICATION ON BEHALF OF DRESDNER BANK AG
PURSUANT TO S 198 COMPANIES ACT 1985 ("THE ACT")

Kleinwort Benson Group plc ("KB Group") and Dresdner RCM Global Investors
Holdings (UK) Limited ("DRCMH (UK)"), formerly Thornton Management Limited, are
indirect subsidiaries of Dresdner Bank AG ("Dresdner").  The shares in KB Group
and in DRCMH (UK) are held by Dresdner Investments (UK) Plc ("Dresdner
Investments"), a wholly-owned direct subsidiary of Zenon Beteiligungs GmbH
("Zenon") which is itself a wholly-owned direct subsidiary of Dresdner.

KB Group is the holding company of Kleinwort Benson Investment Management
Holdings Limited ("KBIMH"), together with its subsidiaries.  DRCMH (UK) is the
holding company of Dresdner RCM Global Investors (UK) Limited ("DRCM (UK)"),
formerly Thornton Investment Management Limited.  As a result of s203(2) of the
Act Dresdner, Dresdner Investments and Zenon are interested in the CLS Holdings
plc ordinary 25p shares in which KBIMH and DRCM (UK), together with their
subsidiaries, are interested.

We hereby notify you that the disclosable interest of Dresdner, Dresdner
Investments and Zenon in the share capaital of your company now amounts to
20,927,625 shares representing 18.52% of the issued share capital of 112,979,451
shares, as advised by your registrars.

The present position in respect of the disclosable interests of the subsidiaries
of Dresdner Investments is as follows:-

*  Kleinwort Benson (Guernsey) Trustees Limited is interested in 20,340,585
   shares representing 18.00% (previously 17.66%) of the issued capital.

These shares are registered in the following names:

          Molaki Inc.         6,165,159 shares
          Orchard Lake Inc.  14,175,426 shares

*   Kleinwort Benson Channel Islands Limited is interested in 20,342,585
    shares representing 18.00% (previously 17.66%) of the issued capital.

*   KBIM International Limited, the parent company of Kleinwort Benson 
    Channel Islands Limited, is interested in 20,340,585 shares representing 
    18.00% (previously 17.66%) of the issued capital.

*   Kleinwort Benson Investment Management Holdings Limited is interested in 
    20,584,009 shares representing 18.21% of the issued capital.  This company
    is the parent company of KBIM International Limited and its interest arises
    as a result of s203(2) of the Act.

*   Kleinwort Benson Group plc is interested in 20,584,009 shares representing
    18.21% of the issued capital.

Whilst these shares are not beneficially owned by any of the above companies we
are advised that, in certain circumstances, we are required to disclose these
shareholdings pursuant to the Act.

This announcement is made on behalf of Dresdner Bank AG by Kleinwort Benson 
Group plc, a wholly-owned subsidiary within the Dresdner Bank Group

FROM: KLEINWORT BENSON GROUP PLC

END



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