AGM Statement

CLS Holdings PLC
11 May 2005


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 1 in every 41 Ordinary Shares
                             at 485 pence per share
                pursuant to a tender offer ('the Tender Offer')

                         Result of AGM and Tender Offer

At the Annual General Meeting of the Company held at 2.00 p.m. yesterday, all
the resolutions set out in the Tender Offer document and notice of AGM dated 15
April 2005 were duly passed.

The board of CLS is also pleased to confirm that the Company's recent Tender
Offer, as described in the Tender Offer document dated 15 April 2005, is now
closed, having received acceptance for the Tender Offer in full by its
shareholders. Tenders for up to and including the pro rata entitlement will be
met in full. Tenders received for excess Ordinary Shares will be subject to
scale back at the rate of 0.00173257 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 held by the Company as treasury shares.

Enquiries:

CLS Holdings plc
Sten Mortstedt     Executive Chairman                         020 7582 7766
Tom Thomson        Chief Executive and Vice Chairman          020 7582 7766




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