Director Shareholding

Nichols PLC
23 August 2001

The following transaction was notified to the company today:

S P Nichols purchased 1,000 shares in Nichols plc on 17 August 2001 at 117.75p
per share and sold 1,000 shares in Nichols plc on 20 August at 115.25p per
share.

There has been no change to Mr Nichols' overall shareholding and the initial
transaction was the result of an error whilst a demonstration of an online
purchase was carried out.