CLS Holdings PLC

Capital/Financing Update • Sep 16, 2013

Release date: 16 September 2013

CLS Holdings plc ("CLS", the "Company" or the "Group") Press comment in relation to the Co-operative Bank plc bondholders

CLS confirms that it holds an interest in Co-operative Bank plc (the "Bank") bonds amounting to £4.3 million nominal, which it has accumulated over time at an aggregate cost below par. CLS has written to the Bank expressing a number of concerns about the approach being taken in relation to its provisioning and restructuring. CLS, along with other bondholders, believes that a committee should be established to enable a dialogue amongst all stakeholders before the Bank finalises its restructuring proposal.

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For further information, please contact:

CLS Holdings plc www.clsholdings.com Sten Mortstedt, Executive Chairman Henry Klotz, Executive Vice Chairman Richard Tice, Chief Executive 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

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