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Universal Salvage (UVS)

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Thursday 31 July, 2003

Universal Salvage

Director Shareholding

FOR IMMEDIATE RELEASE                    31ST JULY 2003

                          Universal Salvage plc
                                    
                   Notification of Director's Interest
                                    
The  Board  of  Universal  Salvage plc (the "Company")  has  today  been
notified  that Standard Bank Offshore Trust Company Jersey Limited  (the
"Trustee")  purchased 11,434 Ordinary 10 pence shares in the Company  on
30th  July  2003 at £1.30 per share in respect of The Universal  Salvage
2000  Share Incentive Plan (the "Co-investment Plan"). These shares have
been  purchased  for the benefit of Peter James Goodright,  who  is  the
Company's  Sales Director, who has elected to invest 50% of  his  annual
bonus in the Co-investment Plan.

The additional information required is as follows:

1    The date of the appropriation of the shares was 30th July 2003.
2    The purchase price paid by Mr Goodright was £1.29, calculated in
accordance with the rules of the Co-investment Plan.
3    The shares are registered in the name of the Trustee's nominee,
Cotillion Trust Company Limited - A/C T1453.
4    The award of matching shares (if any), calculated by reference to
the Performance Target and the Plan rules will be transferred by the
Trustee on the third anniversary of the date of appropriation. i.e. 30th
July 2006.
5    Total shares held by Mr Goodright following this notification:

20,000  option  shares in The Universal Salvage 2000 Approved  Executive
Share Option Plan and;

11,434 Ordinary 10 pence shares in the Co-investment Plan.

Enquiries:

Universal Salvage plc
Anne Thomas              01234 762244

AET/SH/CoSec/31.07.03