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Universal Salvage (UVS)

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Thursday 04 May, 2000

Universal Salvage

Directors' Notification of Dealing in Shares

Universal Salvage PLC
3 May 2000


     NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

Universal Salvage PLC has today been notified by The Trustee of the Universal
Salvage plc 2000 Employees' Share Trust that forms of acceptance have been
received from the following directors' in respect of share option grants from
The Universal Salvage 1995 Share Option Scheme ('the 1995 Scheme') and The
Universal Salvage 2000 Approved Executive Share Option Scheme ('the 2000
Scheme').

M C Hynes
---------

1995 Scheme - 37,980 option shares
2000 Scheme - 12,121 option shares

B Hobbs
-------

1995 Scheme - 27,960 option shares
2000 Scheme - 12,121 option shares

A J McGill
----------

1995 Scheme - 22,949 option shares
2000 Scheme - 12,121 option shares

The additional information required is as follows:

1. The date of grant of the above option shares was 6 April 2000.

2. The exercise price was £2.475p

3. Amount paid for option shares - NIL

4. Description of shares - Ordinary shares of 10p each

5. Period during which shares are exercisable:

   1995 Scheme - 6 April 2003 - 6 April 2007
   2000 Scheme - 6 April 2003 - 5 April 2010

6. Total option shares held following this notification:

    M C Hynes  - 250,101
    
    B Hobbs    - 215,081
   
    A J McGill - 210,070

7. Additional Information

   N.B. The delay in notification is due to the acceptance period being 30
        days from the date of grant.

Enquiries: Anne Thomas
           Universal Salvage Plc - 01234-762244