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Universal Salvage (UVS)

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Tuesday 13 January, 2004

Universal Salvage

Holding(s) in Company

                          UNIVERSAL SALVAGE PLC

                    Disclosure of Interest in Shares

13 January 2004

Universal Salvage plc ("the Company") received notification from Legal &
General Investment Management Limited on 13 January 2004 that,
consequent upon a sale in the market of 97,153 Ordinary 10p shares of
the Company on the 9 January 2004, Legal & General Investment Management
have now fallen below the 10% notifiable controlling interest in
Universal Salvage plc shares. LGIM shares under management now represent
the holdings stated below.

Shares Under Management

HSBC Global Custody Nominee (UK) Ltd A/c 887711     873,000
HSBC Global Custody Nominee (UK) Ltd A/c 775245      50,000
HSBC Global Custody Nominee (UK) Ltd A/c 357206     400,000
HSBC Global Custody Nominee (UK) Ltd A/c 363605      91,000
Nortrust Nominees A/c LGD01                         650,000
Nortrust Nominees A/c LGR01                         676,000

                                                  2,740,000    9.69%



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