Updated Tender Offer Result

15 November 2006

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, THE REPUBLIC OF IRELAND OR
JAPAN

                   CLS Holdings plc ('CLS' or 'the Company')                   

 Proposed purchase of 3 in every 43 Ordinary Shares at 740 pence per share by  
                  way of a tender offer ('the Tender Offer')                   

  Amended scale back ratio for excess Ordinary Shares tendered in the recent   
                                 Tender Offer                                  

The board of CLS announced on 14 November 2006 that the Company's recent Tender

Offer, as described in the letter to shareholders dated 6 November 2006, was
closed having received acceptance for the Tender Offer in full by its
shareholders and that tenders for up to and including the pro rata entitlement
will be met in full.

Subsequent to that announcement, the scale back ratio has been recalculated and
tenders received for excess Ordinary Shares will be subject to scale back at
the rate of 0.0372899 Ordinary Shares for each excess Ordinary Share tendered
over and above the pro rata entitlement, rounded down to the nearest whole
share. The Ordinary Shares purchased by the Company pursuant to the Tender
Offer will be cancelled.

Enquiries:

CLS Holdings plc

Steven Board, Chief Operating Officer [phone]

Sarah Ghinn, Deputy Company Secretary [phone]