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Universal Salvage (UVS)

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Monday 15 October, 2001

Universal Salvage

Re Directorate

Universal Salvage PLC
15 October 2001

                            UNIVERSAL SALVAGE PLC



Universal Salvage plc today announces the resignation of Alastair J. McGill as
Executive Director.

Alastair has decided to take early retirement with effect from 12th October
2001.

The Board would like to record their thanks for Alastair's contribution and
wish him well for the future.

15th October 2001

Enquiries:

Universal Salvage plc

Martin Hynes, Chief Executive

Tel: 01234 762283