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Universal Salvage (UVS)

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Monday 15 September, 2003

Universal Salvage

Holding(s) in Company

                                UNIVERSAL SALVAGE PLC

                             Disclosure of Interest in Shares



15 Sept 2003

Universal Salvage plc ("the company") received notification from Legal & General
Investment Management Limited on 12 September 2003 that, following the purchase in the
market of 55,000 Ordinary 10p shares of the Company on the 11 September 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        762,000
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         76,000
HSBC Global Custody Nominee (UK) Ltd A/c 866203         15,000
HSBC Global Custody Nominee (UK) Ltd A/c 360509         13,000

                                                    __________     ______
                                                     1,455,083      5.17%
                                                    __________     ______




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