AGM Statement

Nichols PLC
12 May 2004





Date:               Embargoed until 11am, Wednesday 12 May 2004


Contacts:            John Nichols, Chairman
                     Gary Unsworth, Chief Executive
                     Brendan Hynes, Finance Director
                     Nichols plc
                     Telephone:     [phone]


                     Alistair Mackinnon-Musson
                     Philip Dennis
                     Hudson Sandler
                     Telephone:     [phone]
                     Email: [e-mail]





                                   Nichols plc

                                 AGM Statement

                     Re-Structuring Update and Move to AIM


The Board of Nichols plc, the soft drinks, food and foodservice group, made the
following statement at today's Annual General Meeting:


'Since the preliminary results in March, we have made further significant
progress with the restructuring of the group announced last year.  We are also
pleased to report the disposal of the freehold premises at Stockport for £1.7m,
which is in line with book value. In addition, we have rationalised the number
of sites by relocating the business support functions of Vimto Soft Drinks,
Nichols International, Cabana/Balmoral and the Shared Service Centre, bringing
them all under one roof for the first time and into a new centralised office
facility in Newton-le-Willows.


Also, as announced with the preliminary results, the process of moving from the
Official List of the London Stock Exchange to the AIM market will begin after
this AGM. The board believes the move to AIM to be in the best interest of
shareholders, considering the size of the group and the large number of private
shareholders on the company's register.


Market conditions have remained extremely competitive in the first part of 2004
but, to date, trading is in line with expectations'.




                                    - ENDS -








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