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Universal Salvage (UVS)

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Thursday 15 December, 2005

Universal Salvage

Re: Yes Car Credit

Universal Salvage PLC
15 December 2005



                             UNIVERSAL SALVAGE PLC

              Re: Provident Financial's closure of Yes Car Credit

Following the announcement of the immediate closure of its Yes Car Credit
division made in a trading update by Provident Financial PLC on 14 December
2005, Universal Salvage plc ('UVS') announces that this decision is expected to
reduce its profit before tax by approximately £350,000 in the year to 29 April
2006. In the light of this announcement, UVS will be immediately reviewing its
cost base to minimise the impact of this change.

ENDS

Enquiries:

Universal Salvage      Avril Palmer-Baunack, Chief            T: 01234 762 283
plc                    Executive
                       Andrew Somerville, Finance Director

Biddicks               Katie Tzouliadis                       T: 020 7448 1000




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