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Universal Salvage (UVS)

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Monday 15 January, 2007

Universal Salvage

Disclosure of Interest in Shares


15th January 2007

                              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 investment clients have a
notifiable interest of 4,074,010 shares, representing 14.31% 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) Managed      316,010           1.11
Opps Trust Artemis
Barclays UK Smaller         373,000           1.31
Barclays UK Opportunities   845,000           2.97
Artemis Special Situations  2,540,000         8.92

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