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Universal Salvage (UVS)

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Friday 16 February, 2007

Universal Salvage

Termination of Discussions

Universal Salvage PLC
16 February 2007


  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF
                      AMERICA, CANADA, AUSTRALIA OR JAPAN
                                        
16 February 2007

FOR IMMEDIATE RELEASE

                             Universal Salvage plc
                           ('Universal' or 'Company')

                           Termination of discussions


On 2 February 2007, Universal announced that it had received a preliminary
approach regarding a potential offer for the Company at a price of 200 pence per
ordinary share in cash and that there could be no certainty that an offer would
be made nor as to the terms on which any offer might be made.

Universal confirms that discussions in relation to this approach have now
terminated.


Enquiries:

Panmure Gordon                 Telephone: 020 7459 3600
Hugh Morgan
Rakesh Sharma

Biddicks                       Telephone: 020 7448 1000
Katie Tzouliadis


The Directors of Universal accept responsibility for the information contained
in this announcement. To the best of knowledge and belief of the Directors, who
have taken all reasonable care to ensure such is the case, the information
contained in this announcement is in accordance with the facts and does not omit
anything likely to affect the import of such information.

Panmure Gordon is acting for Universal and no one else in connection with this
announcement and will not be responsible to anyone other than Universal for
providing the protections afforded to clients of Panmure Gordon or for providing
advice in relation to the contents of this announcement.




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