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Universal Salvage (UVS)

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Tuesday 08 May, 2001

Universal Salvage

Holding in Company

Universal Salvage PLC
8 May 2001

                  Notification of Change in Substantial Holding

The Board of Universal Salvage plc (the 'Company') has been notified today that
Mrs Jacqueline Anne Sutton sold 200,000 Ordinary shares of the Company on 4 May
2001.  Her resultant beneficial holding is 3,155,080 Ordinary shares
representing 11.65% of the issued share capital of the Company, which stands at
27,089,271 Ordinary shares.

Enquiries:  Anne Thomas, Universal Salvage plc   Tel: 01234 762283

            Martin Hynes, Universal Salvage plc  Tel: 01234 766500