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Universal Salvage (UVS)

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Friday 02 September, 2005

Universal Salvage

Contract Win

Universal Salvage PLC
02 September 2005


                             UNIVERSAL SALVAGE PLC

                           Awarded Solus Contract by
                     Co-operative Insurance Society Limited

Universal Salvage plc ('Universal'), the vehicle salvage and auction services
group, is pleased to announce that its wholly owned subsidiary company, Userve
Limited ('Userve'), has secured a major contract with Co-operative Insurance
Society Limited ('CIS') to provide salvage management and disposal services
throughout the UK.

The contract, for a two year period, has been signed on an exclusive basis, with
Userve as sole supplier. It is expected to yield approximately 24,000 units per
annum. CIS will also adopt Universal's on-line salvage management system, which
enables insurance claims and vehicles to be processed more efficiently. The
agreement takes effect on 5 September 2005. Universal expects the financial
benefits of the contract to build during the course of the second half of the
financial year to April 2006.

Avril Palmer-Baunack, Managing Director of Universal, commented,

'After a rigorous tender process, I am delighted to announce that CIS has
awarded its contract to Universal. The win is testimony to our high service
standards and our ability to ensure that our customers meet both their 'duty of
care' and environmental responsibilities in full.'


ENDS


Press enquiries:

Universal Salvage plc  Avril Palmer-Baunack, Managing Director  T: 01234 762 283

Biddicks               Katie Tzouliadis                         T: 020 7448 1000


                      This information is provided by RNS
            The company news service from the London Stock Exchange