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Universal Salvage (UVS)

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Thursday 28 December, 2000

Universal Salvage

Share Capital Increase

Universal Salvage PLC
21 December 2000

Notification of Change in Issued Share Capital.

The Board of Universal Salvage plc (the 'Company') announces that following the
exercise of 7,120 SAYE Share Options and 18,750 Share Options in the Universal
Salvage 1995 Share Option Scheme, the issued share capital of the Company as at
21st December 2000 was increased to 27,071,952 Ordinary Shares of 10 pence each

Enquiries:  Anne Thomas
            Universal Salvage plc   01234  762283