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Universal Salvage (UVS)

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Thursday 16 November, 2000

Universal Salvage

Issue of Equity

Universal Salvage PLC
15 November 2000

                             UNIVERSAL SALVAGE plc

                 Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that following the
exercise of 120439 SAYE Share Options, the issued share capital of the Company
as at 15th November 2000 was increased to 27,046,082 Ordinary Shares of 10 pence

Enquiries:       Anne Thomas
                 Universal Salvage plc   01234 766500