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Universal Salvage (UVS)

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Tuesday 25 November, 2003

Universal Salvage

Holding(s) in Company

25 November, 2003

                          UNIVERSAL SALVAGE PLC

                    Disclosure of Interests in Shares

Universal Salvage plc ("the Company") has today received notification
that, Artemis Investment Management Ltd and certain of its subsidiary
companies have a notifiable interest of 5.33% in the issued share
capital of the Company.

Artemis Special Situations are the beneficial owner of 1,500,000
Ordinary 10p shares in the Company with a percentage interest of 5.33%.

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