CLS Holdings Regulatory News (CLI)

25 Feb 2008 07:00

Embargoed Release: 0700hrs Monday 25 February 2008

CLS HOLDINGS PLC ("CLS") ACHIEVES FULL OCCUPANCY AT INGRAM HOUSE, LONDON WC2

The Board of CLS Holdings plc is pleased to announce the letting of the last available floor at Ingram House, John Adam Street, London WC2.

A new lease to GE Capital Europe Limited has been completed on 2,200 sq ft (204 sq m) over the remaining second floor. Ingram House comprises 10,340 sq ft (961 sq m) of multi-let offices over six floors plus five apartments above.

GE Capital Europe Limited, who currently occupies the third floor, has signed a new lease, coterminous with their existing lease to July 2013, at a rent of ‚£ 106,700 per annum (‚£48.50 per sq ft) with five and a half months rent free.

Other commercial occupiers within the building include Spayne Lindsay & Co and the Internet Advertising Bureau.

E A Shaw acted on behalf of CLS and Cushman & Wakefield acted for GE Capital Europe Limited.

Executive Chairman of CLS, Sten Mortstedt, commented:

"We are very pleased that Ingram House is fully let once again, following the refurbishment of a number of floors within the building. This shows that there continues to be good demand from occupiers for well specified offices in Central London."

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For further information, please contact:

CLS Holdings plc

Sten Mortstedt, Executive Chairman

Per SjĦberg, Chief Executive Officer

Tel: +44 (0) 20 7582 7766www.clsholdings.comAdam ReynoldsHansard GroupTel. +44 (0)20 7245 1100www.hansardgroup.co.uk