Universal Salvage PLC
25 October 2001
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 606,656 Ordinary
10 pence shares in the Company representing 2.19% of the issued share capital of
the Company, which stands at 27,653,098 Ordinary shares.
Please see letter and schedule from Fidelity Investments.
Letter to Universal Salvage Plc
Dated 19 October 2001
Enclosed are closing 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
If you have any questions please contact Patricia Bolen at (617) 563-5507 or by
FAX at (617) 476-0363.
Closing Amendment No 8
NOTIFICATIONS UNDER SECTIONS 198 TO 202 - - U.K. 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 (l)(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
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.
7. Inasmuch as there is no disclosable interest of 3% or greater of the share
capital, Fidelity International Limited and its direct and indirect
subsidiaries have no further reporting obligation under Section 198 to 202 of
the UK Companies Act. This statement speaks as of its date, and no inference
should be drawn that no change has occurred in the facts set forth herein
after the date hereof.
Closing Amendment No 8
Security: Universal Salvage Plc
SHARES HELD COMPANY NOMINEE/REGISTERED NAME
501,300 FISL Chase Nominees
103,528 FIL Chase Nominees
1,828 FIL JP Morgan
Total Ordinary Shares 606,656
Shares in issue: 27,653,098
Change in holdings since
last filing: (489,972) ordinary shares
Letter from Fidelity Investments