Tender Offer Circular Posted

CLS Holdings PLC
10 November 2000


 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 up to 1,850,387 Ordinary Shares by way of a
             tender offer (the 'Tender Offer')


The  board  of CLS announced in its interim report  on  20
July 2000 that the Company intended to purchase 1 in every
60  Ordinary Shares by way of a tender offer at  235p  per
share.

It is today posting a circular to Shareholders in relation
to  the  Tender Offer on the same terms as those  set  out
above.  The  Tender  Offer is being  made  in  lieu  of  a
dividend for the six month period ended 30 June 2000.   If
the  maximum number of 1,850,387 Ordinary Shares under the
Tender  Offer are acquired, this will result in an  amount
of £4,348,409 being paid by the Company.

The  Tender  Offer  is  open to all  Shareholders  on  the
Company's register at the close of business on 7  November
2000, who may participate by tendering all or a proportion
of  their  holdings of Ordinary Shares at that price.   No
Ordinary  Shares  will be purchased  in  relation  to  the
Tender Offer unless the resolutions to be proposed at  the
extraordinary general meeting of the company to be held on
4  December 2000 (the 'EGM') are passed.  The Tender Offer
will  be  void  if less than 0.1 per cent. of  the  issued
ordinary  share  capital of the Company  in  aggregate  is
tendered.

Acceptances of the Tender Offer should be returned as soon
as  possible  and, in any event, so as to be  received  by
4.00 p.m. on 2 December 2000, the latest time and date for
receipt  of  the Tender Forms and forms of proxy  for  the
EGM.


Enquiries:

CLS Holdings plc                             
Sten Mortstedt          Executive Chairman   020 7582 7766
Glyn Hirsch             Chief Executive      020 7582 7766
                                             

The   CLS   Directors   accept  responsibility   for   the
information contained in this announcement.  To  the  best
of the knowledge and belief of the CLS Directors (who have
taken  all  reasonable care to ensure  that  such  is  the
case), the information contained in this announcement  for
which they are responsible is in accordance with the facts
and does not omit anything likely to affect the import  of
such information.