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Universal Salvage (UVS)

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Friday 19 January, 2001

Universal Salvage

Increase in Share Capital

Universal Salvage PLC
19 January 2001

                   Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that following the 
exercise of 2,319 SAYE Share Options and 7,500 Share Options in the Universal
Salvage 1995 Share Option Scheme, the issued share capital of the Company as at
18th January 2001 was increased to 27,081,771 Ordinary Shares of 10 pence each.

Enquiries:  Anne Thomas
            Universal Salvage plc   01234 762225