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Universal Salvage (UVS)

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Tuesday 05 March, 2002

Universal Salvage

Issued Share Capital Increase

Universal Salvage PLC
5 March 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 25,000 share options in the Universal Salvage plc 1995 Executive 
Share Option Scheme on 28 February, 2002, the issued share capital of the 
Company has increased to 27,992,590 Ordinary shares of 10 pence each.

Enquiries:        Anne Thomas
                  Universal Salvage plc     01234 762225

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