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Universal Salvage (UVS)

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Thursday 14 February, 2002

Universal Salvage

Issued Share Capital

Universal Salvage PLC
14 February 2002

               Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that, following the 
exercise of 17,889 SAYE Options on 13 February, 2002, the issued share capital 
of the Company has increased to 27,967,590 Ordinary shares of 10 pence each.

Enquiries:      Anne Thomas 
                Universal Salvage plc     01234 762225

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