Holding(s) in Company

Nichols PLC
22 March 2007




TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):


NICHOLS PLC - GB0006389398


2. Reason for the notification (please state Yes/No): ( )


An acquisition or disposal of voting rights: ( )


An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )


An event changing the breakdown of voting rights: ( YES )


Other (please specify) : ( )


3. Full name of person(s) subject to the notification obligation (iii):


UBS GLOBAL ASSET MANAGEMENT - TRADITIONAL


4. Full name of shareholder(s) (if different from 3.) (iv):


UBS GLOBAL ASSET MANAGEMENT (UK) LIMITED


UBS GLOBAL ASSET MANAGEMENT LIFE LIMITED


5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):


16 MARCH 2007


6. Date on which issuer notified:


20 MARCH 2007


7. Threshold(s) that is/are crossed or reached:


5.78%


8. Notified details:


A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                                       transaction (vi)
                                        Number of      Number of voting Rights
                                        shares         (viii)

ORDINARY SHARES 10P                     1,427,979       1,427,979
GB0006389398



Resulting situation after the triggering transaction (vii)

Class/type of shares if    Number of    Number of voting rights % of voting
possible using the ISIN    shares       (ix)                    rights
CODE

                           Direct       Direct (x)   Indirect   Direct  Indirect
                                                     (xi)

ORDINARY
SHARES 10P                  2,137,669    1,465,564    672,105    3.96%    1.82%
GB0006389398


B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of     Expiration Exercise/       Number of voting rights that may  % of
financial   Date       Conversion      be acquired if the instrument is  voting
instrument  (xiii)     Period/ Date    exercised/ converted.             rights
                       (xiv)







Total (A+B)
Number of voting rights                      % of voting rights

2,137,669                                    5.78%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):


UBS GLOBAL ASSET MANAGEMENT (UK) LIMITED - 672,105 - 1.82%


UBS GLOBAL ASSET MANAGEMENT LIFE LIMITED - 1,465,564 - 3.96%


Proxy Voting:


10. Name of the proxy holder:


UBS GLOBAL ASSET MANAGEMENT ON BEHALF OF A NUMBER OF ASSET MANAGEMENT CLIENTS


11. Number of voting rights proxy holder will cease to hold:


12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:


THIS DISCLOSURE HAS BEEN MADE TO FULFIL THE BELOW FSA REQUIREMENT:


THE TRANSPARENCY DIRECTIVE STATES THAT WHERE A MAJOR SHAREHOLDER HAS NOT BEEN
REQUIRED (BECAUSE OF AN ACQUISITION OR DISPOSAL OF VOTING RIGHTS OR DUE TO A
CHANGE IN THE TOTAL OF VOTING RIGHTS IN ISSUE) TO MAKE AN ANNOUNCEMENT TO THE
ISSUER PRIOR TO THE 20TH MARCH 2007, THEN WE MUST DO SO BY THAT DATE IN ANY
EVENT.


IN ADDITION TO THIS PLEASE NOTE THAT UBS ARE NO LONGER REQUIRED TO INCLUDE PRIME
BROKERAGE HOLDINGS IN THE DISCLOSURES UNDER DTR5 UNDER THE TRANSPARENCY
DIRECTIVE.


PERCENTAGE BASED ON SHARES IN ISSUE FIGURE OF 36,968,772.


14. Contact name:


ANGELA HUFF

ASSOCIATE DIRECTOR

UBS AG


15. Contact telephone number:

0207 568 4981




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