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Universal Salvage (UVS)

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Friday 06 December, 2002

Universal Salvage

Holding(s) in Company



UNIVERSAL SALVAGE PLC

Disclosure of Interests in Shares

Universal Salvage plc ("the Company") has received notification from the
Canada Life Marketing Group that, following a purchase of 500,000 shares
in the Company on
3 December 2002, the notifiable interest held by the Canada Life
Marketing Group has increased to 1,100,840, representing 3.92% of the
issued share capital of the Company, which stands at 28,099,333 ordinary
shares of 10p each.

The Company also received notification on 5 December 2002 that Scottish
Widows Investment Partnership Limited no longer has a notifiable
interest in the ordinary 10p shares of the Company. This notification is
made on behalf of Lloyds TSB Group plc, Lloyds TSB Bank plc and Scottish
Widows Group Limited.

Enquiries: Martin Hynes, Universal Salvage plc. Telephone 01234 766500

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