RNS No 7135b
CLS HOLDINGS PLC
9th September 1998


CLS SELLS SOUTHERN HOUSE, CROYDON AT 6.71%

CLS Holdings plc ("CLS") is pleased to announce that it has exchanged
contracts for the sale of its freehold interest in Southern House, Croydon for
a cash consideration of #24.875m.  The property comprises offices extending to
19,393 square metres (208,752 square feet) and is leased to the British Rail
Property Board for a further 65 years at a current annual rental of #1.75m. 
This represents a net yield to the purchaser of 6.71% after costs.

The net proceeds of sale of #8.825m (after discharging the loan secured on the
property of #16.050m) will be retained by CLS for future investment.  The
annual rental income has to date been utilised to service the loan.

Executive Chairman, Sten Mortstedt, said:

"This furthers our strategy of selective disposals generating cash which can
be reinvested for higher returns."

For further information, please contact:

Sten Mortstedt, Executive Chairman, CLS Holdings plc    0171 582 7766

Glyn Hirsch, Chief Executive, CLS Holdings plc          0171 582 7766

Chris Skyrme, Basham & Coyle                            0171 253 3300

END

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