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Universal Salvage (UVS)

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Wednesday 04 July, 2001

Universal Salvage

Change in Issued Shr Capital

Universal Salvage PLC
3 July 2001

               Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'company') announces that following the
exercise of a total of 456,250 Executive Share Options on 3 July 2001, the
issued share capital of the Company was increased to 27,545,521 Ordinary Shares
of 10 pence each.


Anne Thomas
Universal Salvage plc     01234 762225