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Universal Salvage (UVS)

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Tuesday 17 April, 2007

Universal Salvage

Holding(s) in Company

                            UNIVERSAL SALVAGE PLC

A form TR-1 containing the following information has been received by the Company.

TR-1 Notification of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of
existing shares to which voting rights are attached:

Universal Salvage plc

2. Reason for the notification
An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification
UBS Investment Bank

4. Full name of shareholder(s) (if different from 3).
UBS AG London Branch

5. Date of the transaction (and date on which the threshold
is crossed or reached if different)
11th April 2007

6. Date on which issuer notified:
13th April 2007

7. Threshold(s) that is/are crossed:

8. Notified details:
A: Voting rights attached to shares
Class/type Situation           Resulting situation after the
of shares  previous            triggering transaction
           to the
           Number of   Number  Number  Number of       % of voting
           shares      of      of      voting rights   rights
                       voting  shares
                                  Direct     Direct  Indirect  Direct  Indirect
GB0009098838  Never    Never      1,824,397 1,824,397          6.40%
38         disclosed   disclosed
B: Financial Instruments
Resulting situation after triggering transaction
Type of       Expiration  Exercise/     Number of voting        % of
financial     date       Conversion    rights that may be      voting
instrument               Period/Date   acquired if the         rights
                                       instrument is

Total (A+B)
Number of voting rights            % of voting rights
1,824,397                          6.40%
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held,
if applicable:
UBS AG London Branch 1,824,397 6.40%

Proxy Voting:
10. Name of Proxy holder:
11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting

13. Additional information:

14. Contact name: Angela Huff, Associate Director, Equities

15. Contact telephone number:0207 568 4981

Name of Company contact and telephone number for queries:

Judie Howlett, Assistant Company Secretary, 01234 762225