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Universal Salvage (UVS)

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Wednesday 17 April, 2002

Universal Salvage

Share capital increase

Universal Salvage PLC
17 April 2002

                 Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the 'Company') announces that, following the
exercise of 10,000 share options in the Universal Salvage 1995 Executive Share
Option Scheme on 16 April, 2002, the issued share capital of the Company has
increased to 28,064,880 Ordinary shares of 10 pence each.

Enquiries: Anne Thomas

Universal Salvage plc     01234 762225

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