CLS Holdings PLC

Regulatory Filings • Apr 15, 2014

Release date: 15 April 2014 Embargoed until: Immediate

CLS Holdings plc ("CLS", the "Company" or the "Group") announces the disposal of Cambridge House, Hammersmith, London W6

CLS Holdings plc announces that the Group has sold Cambridge House, 100 Cambridge Grove, London W6 for £29.5 million, excluding costs, an uplift of 65 % over the half year 2013 external valuation and 32% over the year end external valuation. The sale price represents a net initial yield of 2.34% for the property which, considered a development site, is 50% vacant.

Sten Mortstedt, Executive Chairman of CLS, commented:

"We are very pleased with the sale of Cambridge House, yet another transaction completed at a price substantially higher than recent external valuations. This is evidence of the continuing strength of the London market from which the Company is well placed to benefit."

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For further information, please contact:

CLS Holdings plc www.clsholdings.com Sten Mortstedt, Executive Chairman Henry Klotz, Executive Vice Chairman and Acting CEO John Whiteley, Chief Financial Officer	+44 (0)20 7582 7766
Liberum Capital Limited Tom Fyson	+44 (0)20 3100 2222
Charles Stanley Securities Mark Taylor	+44 (0)20 7149 6000
Kinmont Limited Jonathan Gray	+44 (0)20 7087 9100
Smithfield Consultants (Financial PR) Alex Simmons	+44 (0)20 7903 0669