Change in Issued Share Capital

UNIVERSAL SALVAGE PLC 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 each. Enquiries: Anne Thomas, Universal Salvage plc. Telephone: 01234 762244 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/21/20030221BIT01000/wkr0001.doc http://www.waymaker.net/bitonline/2003/02/21/20030221BIT01000/wkr0002.pdf

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Universal Salvage manages the disposal of vehicle salvage (cars, commercial vehicles and motorbikes) for third parties on a contract basis as well as providing a range of additional services for all its customers: insurers, manufacturers and auction.