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Universal Salvage (UVS)

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Wednesday 28 November, 2001

Universal Salvage

Issued Share Capital Change

Universal Salvage PLC
28 November 2001

Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that, following the
exercise of 715 SAYE share options on 28 November 2001, the issued share capital
of the Company has increased to 27,779,975 Ordinary Shares of 10 pence each.

Enquiries:     Anne Thomas
               Universal Salvage plc   01234 762225