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Universal Salvage (UVS)

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Thursday 17 March, 2005

Universal Salvage

Disclosure of Interest in Shares

17th March 2005

                              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 an
aggregated interest of 3,444,010 shares, representing 12.19% of the issued share
capital of the Company.

Full details of the interest and the beneficial holders are detailed below:

Beneficial Owner       Holding                % Interest

Artemis Special        2,800,000              9.91
Barclays UK            569,010                2.01
Barclays UK Smaller    75,000                 0.27

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