Holding(s) in Company

11 February, 2003 UNIVERSAL SALVAGE PLC Disclosure of Interests in Shares Universal Salvage plc ("the Company") has today received notification that AEGON UK plc Group of Companies, has disposed of 45,000 ordinary shares and their notifiable interest is varied from over 4% to 3.94% in the ordinary 10p shares of the Company. This notification is made on behalf of Scottish Equitable plc, Scottish Equitable (Managed Funds) Limited, AEGON Fund Management UK Ltd, AEGON Investment Management UK Ltd, AEGON Asset Management UK plc, Scottish Equitable Trustees Limited, Guardian Assurance plc, Guardian Linked Life Assurance Limited, Guardian Pensions Management Limited and Guardian Unit managers Limited. Enquiries: Anne Thomas, Universal Salvage plc. Telephone 01234 766500 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/11/20030211BIT01170/wkr0001.doc http://www.waymaker.net/bitonline/2003/02/11/20030211BIT01170/wkr0002.pdf