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Universal Salvage (UVS)

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Friday 04 January, 2002

Universal Salvage

Change in Issued Shr Capital

Universal Salvage PLC
4 January 2002

                          UNIVERSAL SALVAGE PLC

              Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that, following the
exercise of 75,000 share options in the Universal Salvage plc 1995 Executive 
Share Option Scheme and 7155 SAYE options on 4 January 2002, the issued share 
capital of the Company has increased to 27,899,701 Ordinary Shares of 10 pence 

Enquiries:      Anne Thomas 
                Universal Salvage plc     01234 762225