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Universal Salvage (UVS)

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Friday 21 February, 2003

Universal Salvage

Change in Issued Share Capital


Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the "Company") announces that,
following the exercise of 4,326 share options in the Universal Salvage
SAYE Share Option Scheme on 19 February 2003, the issued share capital
of the Company has increased to 28,111,873 ordinary shares of 10 pence

Enquiries: Anne Thomas, Universal Salvage plc. Telephone: 01234 762244