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Universal Salvage (UVS)

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Wednesday 17 October, 2001

Universal Salvage

Change in Issued ShareCapital

Universal Salvage PLC
17 October 2001


Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that, following the
exercise of 7577 SAYE share options and the exercise of 100,000 share options in
the Universal Salvage plc 1995 Executive Share Option Scheme on 15 October 2001,
the issued share capital of the Company as at 15 October 2001 was increased to 
27,653,098 Ordinary Shares of 10 pence each.

Enquiries:

Anne Thomas 
Universal Salvage plc
01234  762225