Result of Tender Offer

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CLS Holdings plc

('CLS' or 'the Company')

Result of Tender Offer

Following today's announcement regarding the passing of the resolution at the Annual General Meeting authorising the Company to undertake Tender Offers during 2013, CLS is pleased to confirm that it has received acceptances for the Tender Offer, as set out in the Circular dated 15 March 2013, in full from its shareholders.

Tenders for up to and including the pro rata entitlement of 1 Ordinary Share for every 49 Ordinary Shares at 970p per share will be met in full. Tenders received for excess Ordinary Shares will be subject to scale back at the rate of 0.00190448 Ordinary Shares for each excess Ordinary Share tendered over and above the pro rata entitlement of 1 for 49, rounded down to the nearest whole Ordinary Share.

The Ordinary Shares purchased by the Company pursuant to the Tender Offer will be cancelled. Cheques will be dispatched for certificated Ordinary Shares and payment will be made through CREST for uncertificated Ordinary Shares pursuant to the Tender Offer on 26 April 2013.

Enquiries:

CLS Holdings plc +44 (0) 207 582 7766

David Fuller

Company Secretary

www.clsholdings.com

Kinmont Limited +44 (0) 207 087 9100

Jonathan Gray

Notes:

1. The total number of the Company's Ordinary Shares in issue, excluding shares held in treasury, at the time of this announcement is 43,305,876.

2. Defined terms used in this announcement shall have the same meaning as set out in the Tender Offer circular and Notice of General Meeting dated 15 March 2013.