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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
Artemis Special        2,741,367              9.70
Situations
Barclays UK Smaller    383,633                1.36
Companies
Barclays UK            869,010                3.08
Opportunities






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