Holding(s) in Company

7 February, 2003 UNIVERSAL SALVAGE PLC Notification of Change of Substantial Holding The Board of Universal Salvage plc ("the Company") has today been notified of the following change to a substantial holding in the Company: Clifford Sydney Bassett, Esq. Mr. Bassett purchased 220,000 ordinary 10 pence shares today at £1.00 per share. His resultant beneficial holding is 2,812,192 ordinary shares representing 10% of the issued share capital of the Company, which stands at 28,107,547. 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/2003/02/07/20030207BIT00900/wkr0001.doc http://www.waymaker.net/bitonline/2003/02/07/20030207BIT00900/wkr0002.pdf