CLS Holdings PLC

Capital/Financing Update • Dec 4, 2013

Release date: 4 December 2013 Embargoed until: Immediate Release

CLS Holdings plc ("CLS", the "Company" or the "Group") Financing of Neo Portfolio Completed

CLS Holdings plc announces that a wholly-owned subsidiary of the Company has completed the debt financing of the Group's recent acquisition of the Neo portfolio, and one additional government-occupied property, through an institutional private placement with a single UK institution. The £80 million, secured, 9 year, partially-amortising note will carry a fixed coupon of 4.171% over a weighted average term of 7 years, and will be listed.

Sten Mortstedt, Executive Chairman of CLS, commented:

"This is an innovative, flexible funding solution which adds further diversity and duration to the Group's debt profile. It is tailored to our aspirations for this portfolio, which is 99% government-occupied, and on which we are already driving some positive asset management initiatives."

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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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