Director Shareholding

Nichols PLC
24 October 2002

The following change in the shareholding of Mr S P Nichols has been notified to
the company today.



As the result of a distribution from a discretionary trust of which Mr Nichols
is trustee and his infant children are beneficiaries, 17,000 shares are now not
either beneficial or non-beneficial holdings.



The total of Mr Nichols' holdings, comprising shares in his own and spouse's
name and shares held in trusts of which he is trustee and his infant children
are beneficiaries, are now 1,778,750 10p ordinary shares amounting to 4.81% of
the issued share capital.


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