PDMR transactions: 1. Andrew Milne

Nichols PLC

27 August 2026

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Exercise of Options, Director/PDMR Dealing & Total Voting Rights

Nichols plc, the diversified soft drinks Group, announces that on 26 August 2026 options over, in aggregate, 80,267 ordinary shares of 10 pence each in the Company ("Ordinary Shares") were exercised following the vesting of deferred share awards previously granted under the Company's Hybrid Incentive Plan. The options were exercised at a nil exercise price and represent the normal settlement of awards made under the Company's remuneration arrangements. To satisfy the exercise of the options, 80,267 Ordinary Shares were transferred out of treasury.

Following the exercise of Share Options, certain Directors and Employees of the Company sold Ordinary Shares in order to satisfy tax liabilities resulting from the exercise of Share Options. Details of those Persons Discharging Managerial Responsibilities ("PDMRs") who exercised Share Options and subsequently sold Ordinary Shares are as follows:

PDMR	Title	Number of Share Options exercised	Number of Ordinary Shares sold to satisfy tax liabilities	Resulting shareholding	Percentage of total voting rights
Andrew Milne	Chief Executive Officer	62,802	29,517	33,285	0.091%
Gary Brookes	Operations Director	5,822	2,736	3,086	0.008%
Sarah Caddy	Legal Director	5,406	2,541	2,865	0.008%
Angela Reay	Marketing Director	3,267	1,535	1,732	0.005%
Ed Shoebridge	Out of Home Commercial Director	2,970	1,396	1,574	0.004%

Total Voting Rights

The issued share capital of the Company consists of 36,968,772 Ordinary Shares of which 393,922 are held in Treasury. Therefore, the total number of Ordinary Shares carrying voting rights in the Company is 36,574,850. This figure of 36,574,850 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.

Contacts

Nichols plc

Andrew Milne, Chief Executive Officer

Matthew Rothwell, Chief Financial Officer

Telephone: 0192 522 2222

Singer Capital Markets (NOMAD & Broker)

Jen Boorer / Sara Hale / Amber Higgs / Carl Diebitsch

Telephone: 0207 496 3000

Website: www.singercm.com

Berenberg (Joint Broker)

Clayton Bush / Alix Mecklenburg-Solodkoff

Telephone: 0203 207 7800

Website: www.berenberg.de

Hudson Sandler (Financial PR)

Alex Brennan / Harry Griffiths / Jackson Redley

Telephone: 0207 796 4133

Email: nichols@hudsonsandler.com

Notes to Editors

Established in 1908, Nichols operates within the resilient soft drinks category and owns or licenses several brands. Nichols is geographically and operationally diversified, operating across three routes to market of UK Packaged, International Packaged and Out of Home.

In the UK, Nichols operates across five soft drinks sub-categories: squash, flavoured carbonates, fruit drinks, energy and flavoured water. Nichols' portfolio includes the iconic Vimto brand, vitamin-fortified health and wellness brand VITHIT, plus a growing portfolio of licensed brands including MyProtein, Levi Roots, ICEE, and Sunkist.

Under its asset-light model, Vimto is prominent in areas such as the Middle East and Africa and is enjoyed in over 60 countries worldwide.

For more information, visit the website:https://www.nicholsplc.co.uk/

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1. Andrew Milne 2. Gary Brookes 3. Sarah Caddy 4. Angela Reay 5. Ed Shoebridge
	Reason for the notification
a)	Position/status	1. Andrew Milne, Chief Executive Officer 2. Gary Brookes, Operations Director 3. Sarah Caddy, Legal Director 4. Angela Reay, Marketing Director 5. Ed Shoebridge, Out of Home Commercial Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nichols plc
b)	LEI	213800EF5CMR3K8PND54
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 10p each ISIN Code: GB0006389398
b)	Nature of the transaction	Exercise of Share Options over Ordinary Shares under the Company's Hybrid Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil pence	1. 62,802 2. 5,822 3. 5,406 4. 3,267 5. 2,970

d)	Aggregated information
	- Aggregated volume	Volume: 80,267
	- Price	Price: Nil pence
e)	Date of the transaction	26 August2026
f)	Place of the transaction	Outside a trading venue
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1. Andrew Milne 2. Gary Brookes 3. Sarah Caddy 4. Angela Reay 5. Ed Shoebridge
	Reason for the notification
a)	Position/status	1. Andrew Milne, Chief Executive Officer 2. Gary Brookes, Operations Director 3. Sarah Caddy, Legal Director 4. Angela Reay, Marketing Director 5. Ed Shoebridge, Out of Home Commercial Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nichols plc
b)	LEI	213800EF5CMR3K8PND54
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 10p each ISIN Code: GB0006389398
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil pence	1. 29,517 2. 2,736 3. 2,541 4. 1,535 5. 1,396

d)	Aggregated information
	- Aggregated volume	Volume: 37,725
	- Price	Price: Nil pence
e)	Date of the transaction	26 August 2026
f)	Place of the transaction	Outside a trading venue

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