Appointment of Chief Financial Officer

11 November 2025

(the "Company" or Group")

Appointment of Chief Financial Officer

Nichols plc, the diversified soft drinks group, is pleased to announce the appointment of Matthew Rothwell as Chief Financial Officer and Company Secretary. Matthew will join the Group no later than 13 April 2026.

Having held senior financial leadership roles across a number of UK-listed consumer-facing businesses, Matthew brings extensive and highly relevant experience to Nichols. After starting his career at Deloitte, Matthew held various senior finance roles at Asda and Sainsbury's plc. Matthew is currently Deputy CFO at THG plc, a role he has held for more than eight years. Matthew is a member of the Institute of Chartered Accountants in England and Wales, having qualified in 2002. The Board is confident that his expertise and strategic insight will be instrumental in supporting the Group's continued development and growth.

David Taylor, Interim Finance Director, will step down at the end of the month having provided valuable support since February. The Board extends its sincere gratitude to David for the dedication and commitment he has shown during his interim tenure.

To ensure continuity during the transition period, Rebecca Hughes, the Group's Financial Controller, will support the Board Senior Leadership Team as a non-board Finance Director until Matthew's arrival.

Liz McMeikan, Chair of Nichols plc, commented:

 "Following a comprehensive and diligent search process we are delighted to announce Matthew's appointment to the Board. Matthew's appointment reflects our commitment to attracting high-calibre leadership, and his experience and capabilities align very well with our strategic priorities.

On behalf of the Board and everyone at Nichols, we thank David for his contribution and exceptional commitment during his interim tenure. We look forward to welcoming Matthew to Nichols and to benefitting from his experience. I have every confidence he will make a significant contribution to the Group's continued growth."

Matthew Rothwell commented:

"I'm excited to be joining Nichols, a business with a proud heritage, iconic brands and a clear strategy for future growth. I look forward to working with the Board and management team to build on this strong foundation and deliver sustainable performance and value for shareholders."

The following disclosures are required regarding Matthew Rothwell's appointment pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies (the "AIM Rules").

Matthew John Rothwell (aged 47) is currently, or has during the past five years been, a director of the following companies:

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