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Universal Salvage (UVS)

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Monday 21 May, 2007

Universal Salvage

Result of EGM

Universal Salvage PLC
21 May 2007


NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO OR
FROM ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.

21 May 2007

Universal Salvage plc

Recommended Cash Offer by Copart (UK) Limited (a wholly-owned subsidiary of
Copart, Inc.) for Universal Salvage plc ('Universal Salvage').

Result of Court Meeting and EGM

The board of Universal Salvage is pleased to announce that at a Court Meeting
and an Extraordinary General Meeting held earlier today Universal Salvage
Shareholders voted to approve the Scheme to implement the recommended cash offer
by Copart UK Limited, a wholly-owned subsidiary of Copart, Inc. to acquire the
entire issued and to be issued share capital of Universal Salvage. The results
of the votes are set out below.

The Court Hearings of Universal Salvage's petition to sanction the Scheme and to
confirm the reduction of Universal Salvage's share capital are expected to take
place on 12 June 2007 and 14 June 2007, respectively, as set out in the Scheme
Document. Universal Salvage Shares will be delisted from the Official List with
effect from the Effective Date of the Scheme, which is expected to be 15 June
2007 (as set out in the Scheme Document).

Copies of the resolution passed at the Court Meeting and the special resolution
passed at the EGM have been submitted to the UKLA and will shortly be available
for inspection at the UKLA's document viewing facility at The Financial Services
Authority, 25, The North Colonnade, Canary Wharf, London E14 5HS.


Voting Results

The voting results in relation to the Meetings were as follows:

Court Meeting

To approve the Scheme:

           Number of      % of         % of         Number of       % of
           Universal      Universal    Issued       Universal       Universal
           Shares         Shares       Universal    Shareholders    Shareholders
           voted          voted        Shares                       voting

For        18,129,765     99.88        63.63        163             21.53
Against        22,449      0.12         0.08         12              1.59


EGM

To approve a special resolution to implement the Scheme:

            Number of Universal         % of Universal          % of issued
            Shares voted                Shares voted            Universal Shares

For         19,817,192                  99.89                   69.55
Against         22,009                   0.11                    0.08


Terms defined in the Scheme Document have the same meaning in this announcement.


Enquiries:

Universal Salvage
Avril Palmer-Baunack     Tel: +44 (0)1234 762283

Panmure Gordon
Hugh Morgan              Tel: +44 (0)20 459 3600
Rakesh Sharma

Biddicks
Katie Tzouliadis         Tel: +44 (0)20 448 1000


Panmure Gordon, which is authorised and regulated in the United Kingdom for the
conduct of investment business by the Financial Services Authority, is acting
exclusively for Universal Salvage and no one else in connection with the matters
described in this announcement and will not be responsible to anyone other than
Universal Salvage for providing the protections afforded to clients of Panmure
Gordon nor for providing advice in relation to the matters described in this
announcement.






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