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Universal Salvage (UVS)

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Tuesday 01 July, 2003

Universal Salvage

Holding(s) in Company

UNIVERSAL SALVAGE PLC

Disclosure of Interest in Shares

1 July 2003

Universal Salvage plc ("the Company") received notification from Legal &
General Investment Management Limited on 27 June 2003 that, following
the purchase in the market of 258,000 Ordinary 10p shares of the Company
on the 26 June 2003, Legal & General Group Plc are now the beneficial
owners of the following number of shares which are not subject to a
concert party and will be registered as follows:

 Material Interest

HSBC Global Custody Nominee (UK) Ltd A/c 887711  346,000   
HSBC Global Custody Nominee (UK) Ltd A/c 775245   71,000   
HSBC Global Custody Nominee (UK) Ltd A/c 357206  476,343   
HSBC Global Custody Nominee (UK) Ltd A/c 747381   41,740   
HSBC Global Custody Nominee (UK) Ltd A/c 363605   33,000   
HSBC Global Custody Nominee (UK) Ltd A/c 866203   15,000   
HSBC Global Custody Nominee (UK) Ltd A/c 360509   13,000   
                                                 _______   _____
                                                          
                                                 996,083   3.54%
                                                 _______   _____       

Enquiries: Anne Thomas, Universal Salvage plc. Telephone: 01234 766500