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Universal Salvage (UVS)

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Friday 13 July, 2001

Universal Salvage

Holding in Company

Universal Salvage PLC
12 July 2001




LETTER TO COMPANY ANNOUNCEMENTS OFFICE

COMPANIES ACT 1985
DISCLOSURE OF INTERESTS IN SHARES


Universal Salvage plc (the 'Company') received a notification under Companies
Act 1985 (the 'Act') from Fidelity Investments in respect of the disclosable
interests of Fidelity International Limited (FIL) and others in 1,903,500
Ordinary 10 pence shares in the Company representing 6.91% of the issued 
share capital of the Company, which stands at 27,545,521 ordinary shares.

Letter and schedule from Fidelity Investments is below.

FROM UNIVERSAL SALVAGE PLC


LETTER TO UNIVERSAL SALVAGE PLC - DATED JULY 9 2001

Below are amended notifications of disclosable interests under the U.K.
Companies Act 1985. Please note that while this information details the
disclosable interests of more than one entity, the enclosed disclosure
constitutes separate notifications of interest which have been combined solely
for purposes of clarity and efficiency. It is not intended to indicate that any
of these entities act as a group or in concert with respect to these interests.

These disclosures are made in the interest of conformity with the Companies Act.
The Interest detailed herein was acquired solely for investment purposes. For
disclosure purposes, holdings should be represented as Fidelity International
Limited (FIL) and its direct and indirect subsidiaries, being non-beneficial
holders.

FROM FIDELITY INVESTMENTS

Amendment Number 4
                                                      
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), 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) (h) 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.

SCHEDULE A

SECURITY: Universal Salvage Plc                               Amendment No 4


                      SHARES HELD   MANAGEMENT   NOMINEE/REGISTERED
                                     COMPANY     NAME
(Ordinary Shares)
                       1,636,000     FISL        Clydesdale Bank (Head Office)
                                                 Nominees Limited
                         267,500     FIL         Chase Nominees

TOTAL ORDINARY SHARES: 1,903,500

CURRENT OWNERSHIP PERCENTAGE: 6.91%

SHARES IN ISSUE:      27,545,521

Change in holdings is primarily due to the increase in the share capital figure.

CHANGE IN HOLDINGS SINCE
 LAST FILING:          +0 ORDINARY SHARES 





                         Universal Salvage plc 

                  Notification of Change in Substantial Holding

The Board of Universal Salvage plc (the 'Company') has been notified today that
Mr Stewart Sonny Bassett sold 200,000 Ordinary shares of the Company on 27 June
2001 at 460 pence per share.  His resultant beneficial holding is 3,055,080
Ordinary shares representing 11.28% of the issued share capital of the Company,
which stands at 27,545,521 Ordinary shares.

Enquiries

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