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Universal Salvage (UVS)

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Thursday 14 February, 2002

Universal Salvage

Director Shareholding

Universal Salvage PLC
14 February 2002

                     Notification of Director's Interests

The Board of Universal Salvage plc (the 'Company') has been notified that 
Mr. Martin Hynes exercised 17,889 share options in the Universal Salvage plc 
SAYE Share Option Scheme on 13th February 2002.

Mr. Hynes' resultant beneficial holding is 150,389 ordinary shares. In addition, 
100,000 ordinary shares are non-beneficially held in the Universal Salvage plc 
2000 Employees' Share Trust (in which each of the Directors are interested as 
one of a number of potential discretionary beneficiaries). This total holding 
represents 0.9% of the issued share capital of the Company which currently 
stands at 27,967,590 ordinary shares of 10 pence each.

Enquiries:      Anne Thomas 
                Universal Salvage plc       01234 762225


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