Ralph T. Finkenbrink
Senior Vice President & CFO
Corporate Secretary

Percy R. Luney Jr. *
Dean of Professor of Law
Florida A&M University
Orlando, Florida

Alton R. "Charlie" Neal
Audit Committee Chairman
Partner
Johnson, Blakely, Pope, Bokor, Ruppel & Burns
Clearwater, Florida

* - Director of U.S.A. Subsidiary

Ralph T. Finkenbrink
Senior Vice President & CFO

Peter L. Vosotas
CEO & President

Notice To Shareholders:
The Company will supply to any owner of Common Stock, upon written request to the Company at the address below and without charge, a copy
of the Annual Report and Form 10-KSB for the year ended March 31, 2004, which has been filed with the Securities and Exchange Commission.

The Annual Report and Form 10-KSB are also available on the Company's
internet website at www.nicholasfinancial.com.

The Annual Meeting is on August 11, 2004 at 10am, at the Countryside
Country Club in Clearwater, FL