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Universal Salvage (UVS)

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Thursday 22 July, 2004

Universal Salvage

Disclosure of Interest in Shares

22nd April 2004

UNIVERSAL SALVAGE PLC

Disclosure of Interest in Shares

Universal Salvage plc (the "Company") has received notification from the
Co-operative Insurance Society Limited that following a recent sale in
the market of 866,575 ordinary 10p shares in the Company, their holding
as beneficial owner has reduced to nil.

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