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Universal Salvage (UVS)

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Friday 07 May, 2004

Universal Salvage

Disclosure of Interest in Shares

                          UNIVERSAL SALVAGE PLC

                    Disclosure of Interest in Shares

7th May 2004

Universal Salvage plc (the "Company") has received notification from
Universities Superannuation Scheme Limited ("USS") that following a
recent sale in the market of 250,000 ordinary 10p shares in the Company
their holding has decreased to 750,000 ordinary 10p shares.

750,000  UK Smaller Companies registered under Chase Nominees Ltd

USS holding currently represents 2.65% of the issued share capital of
the Company.

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