Catena AB - Planning Application Approved

Release date: 19 December 2012

Embargoed until: Immediate release

CLS Holdings plc

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

Catena AB - Planning Application approved for mixed-use scheme in Solna, Stockholm, Sweden

CLS Holdings plc is pleased to announce that its associate, Catena AB ("Catena"), in which the Group owns 29.99%, has confirmed that planning approval has been granted by the Solna Municipal Assembly, the highest body in Solna, on its circa 150,000 sq m mixed-use scheme in Solna, Stockholm.

The scheme includes approximately 800 new apartments and 70,000 sq m of commercial space. Catena will now proceed to plan the development in more detail.

Executive Chairman of CLS, Sten Mortstedt, commented:

"I am pleased that Catena has now achieved planning approval from the Municipality of its very interesting scheme."

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For further information, please contact:

CLS Holdings plc +44 (0)20 7582 7766

www.clsholdings.com

Sten Mortstedt, Executive Chairman

Henry Klotz, Executive Vice Chairman

Richard Tice, Chief Executive Officer

Catena AB

www.catenafastigheter.se 

Andreas Philipson, Chief Executive Officer +46 (0)70 209 77 60