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Universal Salvage (UVS)

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Thursday 11 November, 2004

Universal Salvage

Disposal of Non-Core Property Assets

FOR IMMEDIATE RELEASE

11 November, 2004


UNIVERSAL SALVAGE PLC

DISPOSAL OF NON-CORE PROPERTY ASSETS

Further to the announcement made on 5th October 2004, Universal Salvage is
pleased to announce that it has completed the sale of surplus land and property
adjacent to its site at Sandy in Bedfordshire. The sale of these assets will
realise £1.075m.

The proceeds will be utilised to reduce the Company's debt.


ENDS



Enquiries:

Universal Salvage plc              Tel: 01234 762283
Nigel Sandy, Chief Executive
Andrew Somerville, Group Finance Director

Biddicks
Katie Tzouliadis              Tel: 020 7448 1000