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Universal Salvage (UVS)

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Friday 23 March, 2001

Universal Salvage

Share Capital Increase

Universal Salvage PLC
22 March 2001


Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that following the
exercise of 7,500 Share Options in the Universal Salvage 1995 Share Option
Scheme, the issued share capital of the Company as at 21 March 2001 was
increased to 27,089,271 Ordinary Shares of 10 pence each

Enquiries:    Anne Thomas
              Universal Salvage plc    01234  762225