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Universal Salvage (UVS)

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Thursday 28 September, 2000

Universal Salvage

Holding in Company

Universal Salvage PLC
28 September 2000


Letter to Company Announcements Office

NOTIFICATION UNDER SECTIONS 198-202
COMPANIES ACT 1985

The Company was today notified by Fidelity Investments of the following
disclosable interests under UK Companies Act 1985.

Total Ordinary Shares:          808,881
Percentage of shares in issue:  3.01%

Please see below details of notifiable interest.

From:  A E Thomas (Company Secretary)


SCHEDULE A

SECURITY: UNIVERSAL SALVAGE PLC

(Ordinary Shares)    Shares Held  Management     Nominee/Registered Name
                                   Company

                     808,081          FISL     Clydesdale Bank (Head Office)
                                                  Nominees Limited
                         800          FIL      Chase Nominees

Total Ordinary
Shares               808,881

Current ownership
percentage:          3.01%

Shares in issue:    26,912,989

NOTIFICATIONS UNDER SECTIONS 198 TO 202 -- UK COMPANIES ACT

1. Company in which shares are held:  Universal Salvage Plc

2. Notifiable Interest:    Ordinary Shares

           Fidelity International Limited (FIL)
           P.O. BOX HM 670
           Hamilton HMCX, Bermuda

           Parent holding company for various direct and indirect subsidiaries,
           including Fidelity Investment Services Ltd (FISL), and Fidelity      
          Pension Management (FPM), investment managers for various non-US      
         investment companies and institutional clients. (See Schedule A for    
        listing of Registered Shareholders and their holdings).

3.     The notifiable interests also comprise the notifiable interest of

           Mr Edward C Johnson 3d
           82 Devonshire Street
           Boston, MA 02109

           Principal shareholder of Fidelity International Limited.

4.     The notifiable interests include interest held on behalf of authorized
       unit trust schemes in the U.K. notwithstanding the exemption from 
       reporting pursuant to Section 209 (1) (e) of the Companies Act 1985.

5.     These notifications of disclosable interests constitute separate
       notifications of interest in the shares and are combined solely for 
       the purposes of clarity. Nothing herein should be taken to indicate 
       that Fidelity International Limited and its direct and indirect          
      subsidiaries or Mr Edward C Johnson 3d act as a group or in concert in    
     respect of the disclosed interests, or that they are required to submit    
    these notifications on a joint basis.

6.     The disclosable interests arise under section 208(4) (b) of the Act,
       namely where a person, not being the registered holder, is entitled
       to exercise a right conferred by the holding of the shares or to 
       control the exercise of such rights, or under section 203 of the Act
       respectively.