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Universal Salvage (UVS)

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Thursday 18 December, 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 31,651 share options in the Universal Salvage
SAYE Share Option Scheme on 18 December 2003, the issued share capital
of the Company has increased to 28,251,768 ordinary shares of 10 pence

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