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Universal Salvage (UVS)

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Wednesday 28 September, 2005

Universal Salvage

AGM Statement

Universal Salvage PLC
28 September 2005

                             UNIVERSAL SALVAGE PLC

                                 AGM STATEMENT

At Universal Salvage's Annual General Meeting today, Alexander Foster, Chairman,
will make the following statement,

'Trading during the first four months of the new financial year, historically
our weaker half, has been broadly in line with budget. Both vehicle volumes and
scrap prices were lower than expected in July and August, but have since
strengthened. Our net debt position is slightly better than expected, costs
remain under tight control and we continue to look for further cost saving

The Board's main focus this year is business development. We are working hard to
re-establish the Universal brand in the insurance market and, in early
September, we were delighted to win an exclusive contract with the Co-operative
Insurance Society, the benefits of which will largely impact on next year's

Universal Salvage continues to make steady progress. We have set ourselves a
goal of returning Universal to profitability during the year ended 28 April 2007
and believe that this remains achievable.'


Universal Salvage plc                                Tel: 01234 762283
Avril Palmer-Baunack, Chief Executive
Andy Somerville, Finance Director

Zoe Biddick                                          Tel: 020 7448 1000

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