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Universal Salvage (UVS)

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Monday 11 March, 2002

Universal Salvage

Holding(s) in Company

Universal Salvage PLC
11 March 2002

LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

COMPANIES ACT 1985 (AS AMENDED) SECTIONS 198 TO 210A 
DISCLOSURE OF INTEREST IN SHARES

Universal Salvage plc (the 'Company') received a notification under Companies 
Act 1985 (the 'Act') from the Co-operative Insurance Society Limited in respect 
of the notifiable interest in 866,575 Ordinary 10 pence shares in the Company 
representing 3.09% of the issued share capital of the Company, which stands at 
28,041,539 Ordinary shares. 

Please see letter below from Co-operative Insurance Limited.


LETTER DATED: 8 MARCH 2002

COMPANIES ACT 1985, (AS AMENDED) SECTIONS 198 TO 210A 
DISCLOSURE OF INTEREST IN SHARES

In accordance with the above provisions we hereby give you notice that the 
Co-operative Insurance Society Limited holds, as beneficial owner, 866,575 
Universal Salvage Plc 10p Ordinary shares at the close of business on 8th March 
2002 this being equal to 3.01% of the relevant issued share capital of 
27,992,590. The increase in our percentage holding was as a result of the 
following transaction:

Date             Transaction type          Number of ordinary shares

08/03/02            Purchase               150,000 

Co-operative Insurance Society Limited holds the shares as beneficial owner.


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