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Universal Salvage (UVS)

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Wednesday 10 April, 2002

Universal Salvage

Share Capital Increase

Universal Salvage PLC
10 April 2002

                    Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that, following the 
exercise of 1382 share options in the Universal Salvage PAYE Share Option Scheme 
on 9 April, 2002, the issued share capital of the Company has increased to 
28,054,880 Ordinary shares of 10 pence each.


          Anne Thomas 
          Universal Salvage plc     01234 762225

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