Disclosure of Interest in Shares

COMPANIES ACT 1985 PART VI DISCLOSURE OF INTERESTS IN SHARES Universal Salvage plc ("the Company") has received notification from AEGON Asset Management UK that following a disposal of shares in the Company, the notifiable interest held within AEGON UK plc Group of Companies is reduced from 5% to 4.10% of the Company issued share capital which stands at 28,074,880 ordinary shares of 10p each. No. of ordinary shares sold: 315,462 Resultant Holding: 1,151,500 Held by: Chase Nominees Limited ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/28/20020528BIT00990/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/28/20020528BIT00990/wkr0002.pdf