The Niche Group plc

("Niche") or "the Company")

Agreement Amendment

Further to the announcement made by the Company on 20 July 2009, the Board of Niche announces that it has signed an agreement to amend the Sale and Purchase agreement with the shareholders of Ely Management Operations Limited ("EMO").  The amendment gives the Company until 31 January 2010 to exercise its option to acquire the remaining 94.5 per cent. of EMO ("Call Option").

Exercise of the Call Option by Niche is conditional on the following being satisfied:

• the Company raising not less than £500,000; and

• the shareholders of the Company having passed at a general meeting of the Company such resolutions as may, in the Company's sole discretion, be required to exercise the Call Option.  

Shareholders should be aware that the Company has not yet satisfied any of the above conditions and that at this stage the Call Option may or may not be exercised. 

Enquiries:

The Niche Group plc        

Christopher Stainforth                              Tel: 020 7838 6700

Daniel Stewart & Company plc

Oliver Rigby                                              Tel: 020 7776 6550