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Universal Salvage (UVS)

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Wednesday 01 August, 2001

Universal Salvage

Director Shareholding

Universal Salvage PLC
1 August 2001



                         UNIVERSAL SALVAGE plc

                  Notification of Director's Interest

The Board of Universal Salvage plc (the 'Company') has been notified that
Standard Bank Offshore Trust purchased 2,761 Ordinary 10 pence shares in
Universal Salvage plc on 31 July 2001 at £4.98 per share in respect of The
Universal Salvage 2000 Share Incentive Plan (the 'Co-investment Plan'). Of those
2,761 shares, 406 shares have been purchased on behalf of Jonathan Cook who is
Group Finance Director. The balance shares have been purchased on behalf of
other members of staff.
                          
Enquiries:

Universal Salvage plc 
Anne Thomas           01234 762244