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Universal Salvage (UVS)

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Friday 21 December, 2001

Universal Salvage

Share Capital Increase

Universal Salvage PLC
21 December 2001

Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that, following the
exercise of 2,500 share options in the Universal Salvage plc 1995 Executive 
Share Option Scheme on 19 December 2001, the issued share capital of the Company
has increased to 27,817,546 Ordinary Shares of 10 pence each.

Enquiries:  Anne Thomas
            Universal Salvage plc    01234 762225