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Universal Salvage (UVS)

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Thursday 12 February, 2004

Universal Salvage

Disclosure of Interest in Shares

UNIVERSAL SALVAGE PLC

Disclosure of Interest in Shares

12th February 2004


Universal Salvage plc (the "Company") has received from Legal & General
Group plc and/or its subsidiaries the following notifiable interest:

HSBC Global Custody Nominee (UK) Ltd a/c 887711     950,000
HSBC Global Custody Nominee (UK) Ltd a/c 775245      14,000
HSBC Global Custody Nominee (UK) Ltd a/c 357206     106,000
HSBC Global Custody Nominee (UK) Ltd a/c 363605     115,000
                                                 _________
                                                 1,185,000


LGG holding currently represents 4.19% of the issued share capital of
the Company.








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