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Universal Salvage (UVS)

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Tuesday 03 August, 2004

Universal Salvage

Disclosure of Interest in Shares

3rd August 2004

                          UNIVERSAL SALVAGE PLC

                    Disclosure of Interest in Shares

Universal Salvage plc ("the Company") has received notification that,
Artemis Investment Management Ltd and certain of its subsidiary
companies have a notifiable interest in 2,800,000 shares or 9.91% in the
issued share capital of the Company.

Artemis Special Situations fund are the beneficial owner of 2,800,000
Ordinary 10p shares in the Company with a percentage interest of 9.91%.

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