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Universal Salvage (UVS)

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Friday 10 January, 2003

Universal Salvage

Holding(s) in Company



UNIVERSAL SALVAGE PLC

Disclosure of Interests in Shares

Universal Salvage plc ("the Company") has today received notification
from the Canada Life Marketing Group that, following a purchase of
100,000 shares in the Company on 10 January 2003, the notifiable
interest held by the Canada Life Marketing Group has increased to
1,200,000 shares, representing 4.27% of the issued share capital of the
Company which stands at 28,099,333 ordinary shares of 10p each.

Enquiries: Anne Thomas, Universal Salvage plc. Telephone: 01234 762244

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