CLI Cls Holdings Plc

    For Immediate Release: Thursday 28 August 2008

                           CLS HOLDINGS PLC ("CLS")                            

                             ANNOUNCES THE SALE OF                             

                     TWO PROPERTIES IN HAMMERSMITH, LONDON                     

The Board of CLS is pleased to announce the sale of the freehold interests in
271-273 King Street (known as London House) and 275/281 King Street,
Hammersmith to Matterhorn Capital St Josephs Two for a total price of �7.804m,
representing an initial yield of 6.95%.

275/281 King Street is a six storey multi let office building occupying a
prominent position opposite Ravenscourt Park. It comprises 20,399 sq ft (1,890
sqm) and is let to H&F Bridge Partnership Limited, Kayhan Publishing Limited
and as a business centre.

CLS acquired 275/281 King Street in 1999 for �3.4m and London House in 1997 for
�1.375m. The sale represents a 1.3% discount on the June 2008 valuation.

Executive Chairman of CLS, Sten Mortstedt, commented:

"We are very pleased to have sold these properties in the current market
especially as approximately 50% of the buildings are due to be vacated in
December 2008."

                                    -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



 Registered in England No. 2714781. Registered Office: 86 Bondway, London SW8  
                                      1SF                                      



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