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Universal Salvage (UVS)

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Friday 16 April, 2004

Universal Salvage

Disclosure of Interest in Shares

                          UNIVERSAL SALVAGE PLC

                    Disclosure of Interest in Shares

16th April 2004

Universal Salvage plc (the "Company") has received from Legal & General
Group plc ("LGG") 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   8,000
HSBC Global Custody Nominee (UK) Ltd a/c 357206   52,000
HSBC Global Custody Nominee (UK) Ltd a/c 363605   115,000

                                                 1,125,000


LGG holding currently represents 3.98% of the issued share capital of
the Company.

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