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Universal Salvage (UVS)

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Wednesday 04 July, 2001

Universal Salvage

Director Shareholding

Universal Salvage PLC
3 July 2001

                 Notification of Change in Directors' Interest

The Board of Universal Salvage plc (the 'company') has today been notified that
Martin Hynes, Barrie Hobbs and Alastair McGill have exercised options over
Ordinary 10 pence shares in the Company on 3 July 2001 as set out below:

M C Hynes 100,000 options @ 78.5p each 
M C Hynes 100.000 options @ 79.5p each 
B Hobbs   100,000 options @ 79.5p each 
A J McGill 50,000 options @ 79.5p each

Subsequently, Martin Hynes sold 175,000 shares, Barrie Hobbs sold 85,000 shares
and Alastair mcGill sold 50,000 each on 3 July 2001 at £4.70p per Ordinary 10
pence share.

Their resultant beneficial holdings are set out as follows:-

M Hynes    332,000 representing 1.21% of the Company's issued share capital 
B Hobbs    125,000 representing 0.45% of the Company's issued share capital 
A J McGill 110,000 representing 0.40% of the Company's issued share capital


Anne Thomas
Universal Salvage plc     01234 762225