Response to Press Speculation

Release date: 7 August 2013

Embargoed until: Immediate Release

CLS Holdings plc

("CLS", the "Company or the "Group")

The Board of CLS notes the recent press comment in respect of the Company's interest in the sale by receivers of a national portfolio of primarily government occupied properties. The Board confirms that it has agreed broad terms for this portfolio, subject to the usual due diligence, and signed an exclusivity agreement with the receivers.

Further details will follow should this lead to a transaction.

-ends-

For further information, please contact:

CLS Holdings plc +44 (0)20 7582 7766

www.clsholdings.com

Sten Mortstedt, Executive Chairman

Henry Klotz, Executive Vice Chairman

Richard Tice, Chief Executive Officer

Liberum Capital Limited +44 (0)20 3100 2222

Tom Fyson

Charles Stanley Securities

Mark Taylor +44 (0)20 7149 6000

Hugh Rich

Kinmont Limited +44 (0)20 7087 9100

Jonathan Gray

Smithfield Consultants (Financial PR) +44 (0)20 7903 0669

Alex Simmons