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Universal Salvage (UVS)

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Friday 20 October, 2000

Universal Salvage

Increase in Share Capital

Universal Salvage PLC
20 October 2000

Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that following the
exercise of 2,654 SAYE Share Options and 10,000 Share Options in the Universal
Salvage 1995 Share Option Scheme, the issued share capital of the Company as at
20th October 2000 was increased to 26,925,643 Ordinary Shares of 10 pence each.

Enquiries:     Anne Thomas
               Universal Salvage plc         01234 766500