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Universal Salvage (UVS)

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Friday 03 August, 2001

Universal Salvage

Holding in Company

Universal Salvage PLC
3 August 2001

Universal Salvage plc 
Notification of Change in Substantial Holdings

The Board of Universal Salvage plc (the 'Company') has today been notified that
on 2 August 2001 the following shareholders each disposed of 1,000,000 Ordinary
10p pence shares of the Company in order to satisfy institutional demand. Their
resultant beneficial holdings are as follows:

Clifford S Bassett    2,592,192 
Stewart S Bassett     2,055,080 
Jacqueline A Sutton   2,155,080

representing 9.4%, 7.5% and 7.8% respectively of the issued share capital of the
Company which stands at 27,545,521.


Anne Thomas, Universal Salvage plc   Tel: 01234 762224