CLS Holdings Regulatory News (CLI)

12 Oct 2005 06:00

Embargoed: 0700hrs 12 October 2005 CLS HOLDINGS PLC ("CLS") ANNOUNCES MAJOR NEW LETTINGS AT SOLNA BUSINESS PARK, SWEDEN The Board of CLS is pleased to announce that 3 new lettings have been signed inSolna Business Park for a total of 6,056 sq m (65,078 sq ft).GB Glace AB and Lever Fabergƒ© AB, both subsidiaries of Unilever, have leased4,125 sq m (44,327 sq ft) of office space in Smeden 1, together with 60 parkingspaces, for their new head office in Sweden. The lease is for a 7-year termwithout break from 1st July 2006 and will automatically be prolonged for 3years, should notice not be served 12 months before its expiry. The rent isstructured on a stepped basis.SYSteam Region Mellan AB, a computer software company, has signed for a 5-yearterm without break for 1,785 sq m (19,182 sq ft) at Frƒ¤saren 12 with automaticprolongation for 3 years should notice not be served 12 months before itsexpiry. The lease payments are again on a stepped basis.Gino Coffee Shop has leased 146 sq m (1,571 sq ft) at Smeden 1 for a fixed5-year term.Executive Chairman of CLS, Sten Mortstedt, commented:"We welcome all our new tenants to Solna Business Park. It is especiallyencouraging to see that a new cluster of companies in the retail business isdeveloping successfully, alongside the wide range of tenants who are alreadylocated in the business park. The attraction of being close to leadingcompanies in the retail market such as ICA, Coop and Axfood, in addition to allother advantages in Solna Business Park, is a major benefit in the choice oflong term strategic location." -ends- For further information, please contact:Sten Mortstedt, Executive ChairmanTom Thomson, Chief Executive & Vice ChairmanDan Bƒ¤verstam, Chief Financial OfficerCLS Holdings plcwww.clsholdings.comTel. +44 (0)20 7582 7766Adam Reynolds/Ben SimonsHansard CommunicationsTel. +44 (0)20 7245 1100ENDCLS HOLDINGS PLC