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Universal Salvage (UVS)

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Monday 23 August, 2004

Universal Salvage

Re-issue - Notification of Director's Inte...

23 August 2004

FOR IMMEDIATE RELEASE

                          UNIVERSAL SALVAGE PLC

                  Notification of Director's Interests

The Board of Universal Salvage plc ("the Company") has today been
notified by the Trustee of the Universal Salvage plc 2000 Employees'
Share Trust that a Form of Acceptance of Grant has been received from
Nigel Sandy, Chief Executive Officer, in respect of a share option grant
in the Universal Salvage 1995 Share Option Scheme ("the Unapproved
Scheme"):

100,000 shares in the Unapproved Scheme

The additional information required is as follows:

1    The date of grant of the above option shares was 23 July 2004
2    The grant price was 61 pence
3    Amount paid for option shares - nil
4    Description of shares - ordinary shares of 10 pence each
5    Period during which shares are exercisable in the Unapproved Scheme:
     23 July 2007 - 23 July 2011
6    Total option shares held following this notification:

N D A Sandy - 200,000 Option shares

NB - the delay in notification is due to the acceptance period being 30
days from the date of grant.

Enquiries:     Anne Thomas, Universal Salvage plc