CLS Holdings Regulatory News (CLI)

NOTIFICATION OF MAJOR HOLDINGS

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:

CLS Holdings plc

LEI: 213800A357TKB2TD9U78

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify) iii:

3. Details of person subject to the notification obligation iv

Name

Creative Value Investment Group Limited, trading as:

1. Creative Value Investment I Limited

2. Creative Value Investment II Limited

3. Creative Value Investment III Limited

4. Creative Value Investment IV Limited

5. Creative Value Investment V Limited

6. Creative Value Investment VII Limited

7. Creative Value Investment VIII Limited

City and country of registered office (if applicable)

St. Peter Port, Guernsey

4. Full name of shareholder(s) (if different from 3.) v

Name

Security Services Nominee Limited as nominee for Creative Value Investment VII Limited

City and country of registered office (if applicable)

London, UK

5. Date on which the threshold was crossed or reached vi:

26 May 2023

6. Date on which issuer notified (DD/MM/YYYY):

30 May 2023

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer (8.A + 8.B) vii

Resulting situation on the date on which threshold was crossed or reached

52.416241

0.000000

52.416241

208,307,524

Position of previous notification (if

applicable)

52.064921

0.000000

52.064921

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

Direct

(DTR5.1)

Indirect

 (DTR5.2.1)

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

Ordinary Shares

GB00BF044593

held by Creative

Value

Investment I

Limited

31,544,136

7.937423

Ordinary Shares

GB00BF044593

held by Creative

Value

Investment II

Limited

29,838,374

7.508204

Ordinary Shares

GB00BF044593

held by Creative

Value

Investment III

Limited

33,336,606

8.388461

Ordinary Shares

GB00BF044593

held by Creative

Value

Investment IV

Limited

24,375,000

6.133460

Ordinary Shares

GB00BF044593

held by Creative

Value

Investment V

Limited

23,285,019

5.859189

Ordinary Shares

GB00BF044593

held by Creative

Value

Investment VI

Limited

3,528,389

0.887845

Ordinary Shares

GB00BF044593

held by Creative

Value

Investment VII

Limited

24,375,000

3,900,000

6.133460

0.981354

Ordinary Shares

GB00BF044593

held by Creative

Value

Investment VIII

Limited

34,125,000

8.586844

SUBTOTAL 8. A

208,307,524

52.416241

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

Type of financial instrument

Expirationdate x

Exercise/Conversion Period xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)

Type of financial instrument

Expirationdate x

Exercise/Conversion Period xi

Physical or cash

Settlement xii

Number of voting rights

% of voting rights

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv

X

Name xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

The Trustees of the Sten

and Karin Mortstedt

Family & Charity Trust

Creative Value

Investment Group

Limited

52.416241

52.416241%

The Trustees of the Sten

and Karin Mortstedt

Family & Charity Trust

Creative Value

Investment I

Limited

7.937423

7.937423%

The Trustees of the Sten

and Karin Mortstedt

Family & Charity Trust

Creative Value

Investment II

Limited

7.508204

7.508204%

The Trustees of the Sten

and Karin Mortstedt

Family & Charity Trust

Creative Value

Investment III

Limited

8.388461

8.388461%

The Trustees of the Sten

and Karin Mortstedt

Family & Charity Trust

Creative Value

Investment IV

Limited

6.133460

6.133460%

The Trustees of the Sten

and Karin Mortstedt

Family & Charity Trust

Creative Value

Investment V

Limited

5.859189

5.859189%

The Trustees of the Sten

and Karin Mortstedt

Family & Charity Trust

Creative Value

Investment VI

Limited

0.887845

0.887845%

The Trustees of the Sten

and Karin Mortstedt

Family & Charity Trust

Creative Value

Investment VII

Limited

7.114814

7.114814 %

The Trustees of the Sten

and Karin Mortstedt

Family & Charity Trust

Creative Value

Investment VIII

Limited

8.586844

8.586844%

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional information xvi

Place of completion

London, UK

Date of completion

30 May 2023