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Universal Salvage (UVS)

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Friday 15 March, 2002

Universal Salvage

Holding(s) in Company

Universal Salvage PLC
15 March 2002

 

LETTER TO UNIVERSAL SALVAGE PLC - DATED 11 MARCH 2002


                         COMPANIES ACT 1985 ss. 198-202 
                        DISCLOSURE OF INTERESTS IN SHARES

Pursuant to the above provisions we hereby notify you on behalf of our client(s)
of the following change of interest in shares of your Company on behalf of
certain of our discretionary management clients who are invested in an
unauthorised unit trust of which we are the investment manager.


As at 8th March, 2002 the interest is as follows:

Name of Trust:     BNY Trust Company Ltd. as Trustee of the MLIT - Merrill Lynch 
                   Alpha Specialist Situations Investment Fund

Class of Shares:   10p Ordinary Shares 

Sale:              56,000 

Holding:           1,089,500 

Level of Interest: 3.88%

There are currently in excess of one hundred and sixty seven beneficial holders
in the Trust. These holders do not have voting discretion over the shares held
in the Trust but should you require further details please contact us.

FROM MERRILL LYNCH INVESTMENT MANAGERS LIMITED
 
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