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Universal Salvage (UVS)

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Monday 03 December, 2001

Universal Salvage

Issued Share Capital

Universal Salvage PLC
30 November 2001

Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that, following the
exercise of 35,071 share options in the Universal Salvage plc 1995 Executive 
Share Option Scheme and the Universal Salvage plc 2000 Approved Executive Share 
Option Scheme on 20 November 2001, the issued share capital of the Company has 
increased to 27,815,046 Ordinary Shares of 10 pence each.

Enquiries:  Anne Thomas
            Universal Salvage plc  01234  762225