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Universal Salvage (UVS)

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Friday 08 March, 2002

Universal Salvage

Issued Share Capital Increase

Universal Salvage PLC
7 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 40,869 share options in the Universal Salvage plc 1995 Executive 
Share Option Scheme and 8080 share options in the Universal Salvage plc 2000
Approved Share Option Scheme on 6 March, 2002, the issued share capital of the
Company has increased to 28,041,539 Ordinary shares of 10 pence each

Enquiries:  Anne Thomas
            Universal Salvage plc     01234 762225

                      This information is provided by RNS
            The company news service from the London Stock Exchange                 GDR