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Universal Salvage (UVS)

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Thursday 29 June, 2000

Universal Salvage

Change in IssuedShare Capital

Universal Salvage PLC
29 June 2000

                           UNIVERSAL SALVAGE plc
                 Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that following an
employee exercising 4,575 SAYE Share Options following retirement from the
Company on 31st December 1999 the issued share capital of the Company as at 
28 June 2000 was 26,912,989 Ordinary Shares of 10 pence each.

Enquiries:    Anne Thomas
              Universal Salvage plc   01234 762225