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Universal Salvage (UVS)

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Friday 19 April, 2002

Universal Salvage

Share Capital Increase

Universal Salvage PLC
19 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 18 April, 2002, the issued share capital of the Company has
increased to 28,074,880 Ordinary shares of 10 pence each.

 Enquiries: Anne Thomas

 Universal Salvage plc 01234 762225

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