RNS Number:2156R
CLS Holdings PLC
23 October 2003



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 1,947,645
   ordinary shares of 25p each in the Company ("Ordinary Shares") by way of a
                       tender offer ("the Tender Offer")



On 11 September 2003, the board of CLS announced in its interim results for the
six months to 30 June 2003 that the Company intends to purchase 1 in every 46
Ordinary Shares by way of a tender offer at 300p per share.


CLS is today posting a circular to shareholders in relation to the Tender Offer
on the terms set out above. The Tender Offer is being made in lieu of the
interim dividend for the six months to 30 June 2003. If the maximum number of
1,947,645 Ordinary Shares under the Tender Offer is acquired, this will result
in an amount of #5,842,935 being paid by the Company to participating
shareholders.


The Tender Offer is open to all shareholders on the Company's register at 5.00
p.m. on 18 November 2003, who may participate by tendering all or a proportion
of their holdings of Ordinary Shares at the above price. No Ordinary Shares will
be purchased in relation to the Tender Offer unless the relevant resolutions to
be proposed at the extraordinary general meeting of the Company to be held on 19
November 2003 (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, which may only be made on the tender form
accompanying the circular to shareholders, should be returned as soon as
possible and, in any event, so as to be received by 5.00pm. on 18 November 2003,
the latest time and date for receipt of the tender forms.


Enquiries:

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

HSBC Bank plc
John Mellett                                                       020 7991 8888





The directors of CLS accept responsibility for the information contained in this
announcement. To the best of the knowledge and belief of the directors of CLS
(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.

HSBC Bank plc, which is regulated by The Financial Services Authority, is acting
for CLS and is not acting for anyone else and will not be responsible to anyone
other than CLS for providing protections afforded to customers of HSBC Bank plc
or for advising them in relation to such transactions.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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