Completion of Sale of Vauxhall Square

CLS Holdings plc

("CLS", the "Company")

Completion of Sale of Vauxhall Square, London SW8

Further to the announcement made on 5 April 2017 regarding the exchange of contracts for the unconditional sale of the site of the Company's proposed mixed-use Vauxhall Square development for a gross consideration of £157.77 million (the "Sale"), the Company confirms that the Sale has completed today.

For further information, please contact:

CLS Holdings plc www.clsholdings.com +44 (0)20 7582 7766 

Sten Mortstedt, Executive Director & Founding Shareholder

Henry Klotz, Executive Chairman

Fredrik Widlund, Chief Executive OfficerJohn Whiteley, Chief Financial Officer

Liberum Capital Limited+44 (0)20 3100 2222Richard Crawley

Jamie Richards

Panmure Gordon (UK) Limited+44 (0)20 7886 2500Dominic MorleyAndrew Potts

Elm Square Advisers Limited +44 (0)20 7823 3695Jonathan Gray

Smithfield Consultants (Financial PR) +44 (0)20 3047 2476Alex Simmons