Nichols plc

(the "Company" or "Group")

Director / PDMR Dealing and Total Voting Rights

Nichols plc, the diversified soft drinks Group, announces on 9 April 2024 that Andrew Milne, Group Chief Executive Officer, and Christine Shillington, People & Sustainability Director both exercised options over ordinary shares.

Andrew Milne, Group Chief Executive Officer

Andrew Milne exercised 5,436 nil cost options over ordinary shares of 10p each (the "Awards") in accordance with a share option plan.

The Awards, granted on the 18 December 2020, equal to 50% of Andrew Milne's annual salary at the date of award, vested on the third anniversary based on the number of Ordinary Shares purchased and retained over the vesting period of the Award. The Awards were matched on a 1:1 basis for every Ordinary Share purchased. No other performance conditions applied.

The intention of the Awards was to assist in meeting an imposed shareholding guideline of 100% of salary as part of a revised remuneration policy.

Andrew Milne also exercised options over 15,208 ordinary shares of 10p each in the Company ("Ordinary Shares"), under the Company's Hybrid Incentive Plan, at an exercise price of nil pence per Ordinary Share.

As a result of the above transactions, Andrew Milne's interest in the Company is 36,242 Ordinary Shares, representing 0.099% of the issued share capital.

Christine Shillington, People & Sustainability Director

Christine Shillington exercised options over 1,795 ordinary shares of 10p each in the Company ("Ordinary Shares"), under the Company's Hybrid Incentive Plan, at an exercise price of nil pence per Ordinary Share.

As a result of the above transactions, Christine Shillington's interest in the Company is 3,653 Ordinary Shares, representing 0.010% of the issued share capital.

Total Voting Rights

In total, 22,439 existing Ordinary Shares were transferred from treasury to satisfy options exercises.

The issued share capital of the Company consists of 36,968,772 Ordinary Shares of which 450,711 are held in Treasury. Therefore, the total number of Ordinary Shares carrying voting rights in the Company is 36,518,061. This figure of 36,518,061 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the Disclosure Guidance and Transparency Rules.