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Universal Salvage (UVS)

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Friday 20 January, 2006

Universal Salvage

Disclosure of Interest in Shares

20th January 2006

                              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 a
notifiable interest of 4,324,010 shares, representing 15.30% of the issued share
capital of the Company.

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

Beneficial Owner       Holding                % Interest

L&G (Barclays)         330,000                1.16
Managed Opps Trust
Artemis Special        2,741,367              9.70
Barclays UK Smaller    383,633                1.36
Barclays UK            869,010                3.08

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