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Universal Salvage (UVS)

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Friday 16 January, 2004

Universal Salvage

Trading update

Universal Salvage PLC
16 January 2004


                             UNIVERSAL SALVAGE PLC
                                 TRADING UPDATE

After a difficult first half, the board anticipated a significant improvement in
trading in the third and fourth quarters, traditionally the group's busiest
periods. Early indicators confirmed a recovering trend from mid September.
However, the trend has not been maintained and the month of December was weak
both in terms of the volumes of accident damaged vehicles sold at auction and
average profit per unit sold.

In the light of the sharp deterioration in December's salvage auction prices and
given the current volatility in the accident-damaged/salvage marketplace, the
board believed it prudent to review internal forecasts. This review was
completed yesterday and as a result, the board currently expects the outcome for
the second half to show only a small improvement on the pre-exceptional loss
incurred in the first half.

While this is disappointing in the short term, the board considers that the
business potential over the medium term remains positive, particularly as newer
income streams, in the end of life vehicle and motor dealer areas, continue to
develop.

For further information, please contact:
Universal Salvage plc
Martin Hynes, chief executive                  Tel: 01234 762283
Andy Somerville, finance director

Biddicks                                       Tel: 020 7448 1000
Katie Tzouliadis
Kathryn van der Kroft




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