CLI Cls Holdings Plc

    Embargoed: 0700hrs 8 November 2004

               CLS HOLDINGS PLC ("CLS") ANNOUNCES FINAL LETTING                

                            AT ONE LEICESTER SQUARE                            

CLS is pleased to announce the final letting of the 6th, 7th and 8th floors at
its landmark building, One Leicester Square.

These top three floors extend to 985 sq m (10,605 sq ft) and offer spectacular
views across the London skyline. The new tenant is Aquarius Entertainment Ltd
who has signed a new 30 year lease at an initial average rent of �411,000 per
annum with upwards only rent reviews every five years. These floors will
operate as a high quality restaurant and bar.

The 3rd, 4th and 5th floors, extending to 1,090 sq m (11,733 sq ft), are let to
Leisure, Trading & Development Ltd on a 30 year lease at an initial rent of �
475,000 per annum exclusive with upwards only rent reviews every five years.
These premises operate as the Marquee Club.

Aquarius Entertainment Ltd and Leisure, Trading & Development Ltd join MTV, who
earlier this year signed a lease for the ground, 1st and 2nd floors of the
building at an initial rent of �625,000 per annum. The lease to MTV is for a
term of 11 years whilst the other two leases incorporate landlord break options
after 11 years.

Sten Mortstedt, Executive Chairman of CLS, commented:

"We are very pleased to have One Leicester Square fully let. This is a landmark
building that adds greatly to the character of Leicester Square and the mix of
tenants the building now offers is ideally suited to this vibrant environment."

                                    -ends-                                     

For further information, please contact:

Sten Mortstedt, Executive Chairman

Tom Thomson, Chief Executive & Vice Chairman

Kevin Chapman, UK Property Director

CLS Holdings plc, Tel. +44 (0)20 7582 7766

www.clsholdings.com

Adam Reynolds / Ben Simons

Hansard Communications

Tel. +44 (0)20 7245 1100



END

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