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Universal Salvage (UVS)

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Monday 22 December, 2003

Universal Salvage

Notification of Change in Issued Share Capital

22 December, 2003

UNIVERSAL SALVAGE PLC

Notification of Change in Issued Share Capital

The Board of Universal Salvage plc (the "Company") announces that,
following the exercise of 6,330 share options in the Universal Salvage
SAYE Share Option Scheme on 22 December 2003, the issued share capital
of the Company has increased to 28,258,098 ordinary shares of 10 pence
each.

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