New Letting Agreement

12 Nov 2008 14:54

Immediate Release: Wednesday 12 November 2008

CLS Holdings PLC ("CLS") Announces a New Letting at Maximilian Forum, Martinsried, Germany

CLS is pleased to announce a further letting of 1,200 sq m (12,917 sq ft) at Maximilian Forum to MediGene AG, a biotech company who concentrates on researching, developing, and commercialising novel drugs in two therapeutic areas: cancer and autoimmune diseases.

The lease (1,200 sq m) is for a term of eight years with an option to prolong for five years at the end of the fixed term. There is no break option. The annual rent is ¢â€š¬152,000 (‚£123,356) with annual indexation to German CPI.

MediGene AG now occupy (including this letting) a total area of 5,970 sq m (64,583 sq ft) at Maximilian Forum which generates a total rent of ¢â€š¬892,320 per annum (‚£724,162 per annum).

Sten Mortstedt, Executive Chairman of CLS, commented:

"We are delighted that Medigene have the requirement for further space within this property and we look forward to our continued relationship with them."

-ends-

For further information, please contact:

Sten Mortstedt, Executive Chairman

Henry Klotz, Chief Executive Officer

CLS Holdings plcTel: +44 20 7582 7766www.clsholdings.com