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Universal Salvage (UVS)

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Tuesday 24 April, 2001

Universal Salvage

Director Shareholding

Universal Salvage PLC
23 April 2001

                         UNIVERSAL SALVAGE PLC

                    Notification of Directors' Interest

The Board of Universal Salvage plc (the 'Company') has been notified today that
Martin Hynes, Chief Executive of the Company, has purchased a total of 4,500
ordinary 10 pence shares of the Company at a price of 343 pence per share on
behalf of his children to be split equally between Sean Hynes, Peter Hynes and
Matthew Hynes.  Martin Hynes is deemed to have a beneficial interest in these
purchases and consequently his beneficial interest in the Company has increased
to 307,500 ordinary shares, representing 1.14% of the Company's issued ordinary
share capital.

Enquiries:     Anne Thomas
               Universal Salvage plc 01234 762283