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Universal Salvage (UVS)

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Thursday 29 April, 2004

Universal Salvage

Redbourn planning permission

Universal Salvage PLC
29 April 2004

                             UNIVERSAL SALVAGE PLC


                                 Redbourn Site

                Grant of Residential Outline Planning Permission

Universal is pleased to announce that it has secured outline planning permission
for the residential redevelopment of its nine acre site at Redbourn,

The grant of residential outline planning permission is for a maximum of 2.8
acres. This significantly enhances the potential disposal value of the site and
provides Universal with the option of realising the asset. For the time being
the site will continue to be used as a vehicle storage and auction facility.
However, the Board will be entering into discussions with third party developers
for the sale of the site in the near future.

Universal Salvage plc                                      Tel: 01234 762244
Nigel Sandy, Chief Executive

Biddicks                                                   Tel: 020 7448 1000
Katie Tzouliadis

                      This information is provided by RNS
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