Holding(s) in Company

UNIVERSAL SALVAGE PLC Notification of Change of Substantial Holdings The Board of Universal Salvage plc ("the Company") has today been notified of the following changes to substantial holdings in the Company. Stewart Sonny Bassett Mr. Bassett purchased 400,000 ordinary 10 pence shares on 3 December 2002 at £1.00 per share. His resultant beneficial holding is 2,455,080 ordinary shares representing 8.74% of the issued share capital of the Company, which stands at 28,099,333. Jacqueline Anne Sutton Mrs. Sutton purchased 200,000 ordinary 10 pence shares on 3 December 2002 at £1.00 per share. Her resultant beneficial holding is 2,355,080 ordinary shares representing 8.38% of the issued share capital of the Company, which stands at 28,099,333. Enquiries: Anne Thomas, Universal Salvage plc. Telephone 01234 762225 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/12/03/20021203BIT00880/wkr0001.doc http://www.waymaker.net/bitonline/2002/12/03/20021203BIT00880/wkr0002.pdf