CLS Holdings PLC - Holdings in Company

RNS No 7925e
CLS HOLDINGS PLC
14 June 1999


Notification on behalf of Dresdner Bank AG 
pursuant to s198 Companies Act 1985 ("the Act")

Kleinwort  Benson  Group  plc  ("KB  Group")  and  Dresdner  RCM  Global
Investors  Holdings  (UK)  Limited ("DRCMH  (UK)"),  formerly  Thornton
Management  Limited,  are indirect subsidiaries  of  Dresdner  Bank  AG
("Dresdner").  The  shares in KB Group and in DRCMH  (UK)  are  held  by
Dresdner  Investments (UK) plc ("Dresdner Investments"), a  wholly-owned
direct subsidiary of Zenon Beteiligungs GmbH ("Zenon") which is itself  a
wholly-owned direct subsidiary of Dresdner.

KB   Group  is  the  holding  company  of  Kleinwort  Benson  Investment
Management  Holdings Limited ("KBIMH"), together with  its  subsidiaries.
DRCMH (UK)  is  the holding company of Dresdner RCM Global  Investors
(UK)  Limited  ("DRCM  (UK)"),  formerly Thornton  Investment  Management
Limited.   As  a  result  of  s203(2)  of  the  Act  Dresdner,  Dresdner
Investments  and Zenon are interested in the CLS Holdings  plc  ordinary
25p   shares  in  which  KBIMH  and  DRCM  (UK),  together  with  their
subsidiaries, are interested.

Following the recent reduction in your issued capital, we hereby  notify
you that the disclosable interest of Dresdner, Dresdner Investments and
Zenon  in  the  share capital of your company now amounts to  18,364,041
shares  representing 17.59% of the issued share capital  of  104,372,727
shares, as advised by your registrars.

The  present  position in respect of the disclosable  interests  of  the
subsidiaries of Dresdner Investments is as follows:-

*   Kleinwort Benson (Guernsey) Trustees Limited is interested in
    18,234,399 shares representing 17.47% of the issued capital.

These shares are registered in the following names:

    Molaki Inc.               4,011,539 shares
    Orchard Lake Inc.        14,222,860 shares

*   Kleinwort  Benson  Channel Islands Limited is interested  in  18,234,399
    shares representing 17.47% of the issued capital.

*   KBIM  International  Limited,  the parent company  of  Kleinwort  Benson
    Channel Islands Limited, is interested in 18,234,399 shares representing
    17.47 (previously 16.88%) of the issued capital.

*   Kleinwort Benson Investment Management Holdings Limited is interested in
    18,256,595 shares representing 17.49% (previously 16.91%) of the  issued
    capital.  This  company  is  the parent company  of  KBIM  International
    Limited and its interest arises as a result of s203(2) of the Act.

*   Kleinwort   Benson   Group  plc  is  interested  in  18,256,595   shares
    representing 17.49 % (previously 16.91 %) of the issued capital.

Whilst  these  shares are not beneficially owned by  any  of  the  above
companies we are advised that, in certain circumstances, we are required
to disclose these shareholdings pursuant to the Act.

This  announcement is made on behalf of Dresdner Bank  AG  by  Kleinwort
Benson  Group  plc, a wholly owned subsidiary within the  Dresdner  Bank Group.


END

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