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Universal Salvage (UVS)

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Thursday 16 March, 2000

Universal Salvage

Change in Share Capital

Universal Salvage PLC
16 March 2000

Notification of Change in Issued Share Capital

The Board of Universal Salvage plc ('the Company') announces that following an
employee exercising 474 SAYE Share Options within 6 months following his
redundancy from the Company on 21 September 1999, the issued share capital of
the Company as at 27 February 2000 was 26,906,447 Ordinary Shares of 10 pence