Change in Issued Share Capital

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UNIVERSAL SALVAGE PLC 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 and 14,453 share options in the Universal Salvage SAYE Share Option Scheme on 29 November 2002, the issued share capital of the Company has increased to 28,099,333 ordinary shares of 10 pence each. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/12/02/20021202BIT00900/wkr0001.doc http://www.waymaker.net/bitonline/2002/12/02/20021202BIT00900/wkr0002.pdf

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