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Universal Salvage (UVS)

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Wednesday 24 September, 2003

Universal Salvage

Holding(s) in Company

24 September, 2003

                          UNIVERSAL SALVAGE PLC

                    Disclosure of Interests in Shares

Universal Salvage plc ("the Company") has today received notification
that, following the purchase in the market of 440,000 ordinary 10 pence
shares, Legal & General Investment Management's controlling interest in
the Company's shares has now risen above the notifiable level of 10%.

Shares under Management       2,832,083
% of issued Share Capital        10.07%

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