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Universal Salvage (UVS)

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Friday 23 March, 2001

Universal Salvage

Director Shareholding

Universal Salvage PLC
22 March 2001


Notification of Director's Interest

The Board of Universal Salvage plc (the 'Company') has today been notified that
Alexander Foster, Non-executive Chairman of the Company, as co-Trustee of the
Hiscox 1987 Settlement Fund, on 16 March 2001, purchased 2,500 Ordinary Shares
of 10p at £3.38 per share.

Following this purchase his resultant holding, beneficially and non-beneficially
held, is 117,500 Ordinary Shares of 10p representing 0.43% of the Company's
issued share capital.

Enquiries:

Universal Salvage plc
Anne Thomas   01234  762244