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Universal Salvage (UVS)

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Monday 30 September, 2002

Universal Salvage

Disclosure of Interests in Shares



DISCLOSURE OF INTERESTS IN SHARES

Universal Salvage plc ("the Company") has received notification from
USS, Universities Superannuation Scheme Limited, that following a recent
purchase of 200,000 shares in the Company, the notifiable interest held
by Universities Superannuation Scheme Limited has increased to 1,259,000
shares representing 4.48% of the issued share capital of the Company
which stands at 28,074,880 ordinary shares of 10p each.

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