CLS Holdings Regulatory News (CLI)

Release date: 17 July 2019

Embargoed until: Immediate release

CLS Holdings plc

("CLS", the "Company" or the "Group")

Directorate Change

 Appointment of independent Non-Executive Director

CLS announces the appointment of Denise Jagger as an independent Non-Executive Director of the Company with effect from 1 August 2019. Ms Jagger will join the Remuneration and Audit Committees.

Ms Jagger is a Non-Executive Director of Bellway plc, a FTSE250 housebuilder, where she is Senior Independent Director and a member of its Audit, Remuneration and Nomination Committees. She is also a Non-Executive Director and Chair of the Remuneration, Conflicts and Nomination Committees of Pool Re, the terrorism risk reinsurance company, Chair of council at the University of York and Chair of the charity St Giles Trust.

Formerly, Denise was a partner of international law firm Eversheds Sutherland LLP where she led on client development and innovation from 2004 until her retirement earlier this year and continues with them in a consultancy capacity. From 1993 until 2004, she was a Director of Asda Stores and Group General Counsel and Company Secretary of Asda Walmart. Her early career was spent in the City as a corporate finance lawyer at Slaughter and May. Denise's previous non-executive directorships include The British Olympic Association, Redrow plc, SCS Upholstery plc and Scarborough Building Society.

It is anticipated that after a transition period Denise will become Chair of the Remuneration Committee, at which point Mr Jarvis intends to step down from the Board. Further details will be given in due course.

There are no further details required by LR 9.6.13.

Henry Klotz, Executive Chairman and Lennart Sten, Non-Executive Chairman elect, said:

"We are delighted to welcome Denise to the Board. Denise brings a wealth of commercial experience both from the wider property industry and as an experienced independent Non-Executive Director.

Denise's appointment will broaden the range of experience, and enhance the independence, of the Board and we look forward to working with Denise."

-ends-

For further information, please contact:

CLS Holdings plc

(LEI: 213800A357TKB2TD9U78)

www.clsholdings.com

Fredrik Widlund, Chief Executive Officer

Andrew Kirkman, Chief Financial Officer

+44 (0)20 7582 7766

Liberum Capital Limited

Richard Crawley

Jamie Richards

+44 (0)20 3100 2222

Whitman Howard

Hugh Rich

+44 (0)20 7659 1261

Elm Square Advisers Limited

Jonathan Gray

+44 (0)20 7823 3695

Smithfield Consultants (Financial PR)Alex Simmons

Rob Yates

+44 (0)20 3047 2476