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Universal Salvage (UVS)

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Wednesday 08 November, 2006

Universal Salvage

Contract Win

UVS.L
8th November 2006



                              UNIVERSAL SALVAGE PLC

                            Awarded Solus Contract by
                       Nemwil Holdings (Gibraltar) 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 signed a contract with Nemwil Holdings (Gibraltar)
Limited  ("Nemwil") to provide salvage management and disposal services
throughout the UK to its subsidiary Insurance Companies, Link Insurance Company
Limited (Link)and Zenith Insurance PLC(Zenith).

The contract, which is for a two year period and commences on the
14th  November 2006 will be on an exclusive basis, with Userve as sole supplier.
The  full financial benefit of this new contract will be felt in the year to 3rd
May 2008.

 Avril Palmer-Baunack, Chief Executive of Universal, commented,

"I  am delighted to announce another win in our core insurance market.  We  look
forward to working with Link and Zenith."


Press enquiries:

Universal         Avril Palmer-Baunack      T: 01234 762283
Salvage plc       Chief  Executive

Biddicks          Katie Tzouliadis          T: 020 7448 1000
                  Sophie Lane