Holding(s) in Company

RNS Number:1772A
Baltimore Technologies PLC
25 June 2004


                           BALTIMORE TECHNOLOGIES PLC

London, UK - 25 June 2004: The Company has been notified of the following
information in relation to the Agreement notified to the Company under section
204 of the Companies Act 1985 (the "Agreement"), details of which have been
previously announced, that on 15 June 2004:

 a. Gareth Edwards of 69 Old Broad Street London EC2M 1NR who became party to
    the Agreement on 28 April 2004 as notified to the Company on the same date,
    transferred his 1 ordinary share in the company to Oliver Smith of 9-13 St
    Andrew Street London EC4A 3AF; and

 b. Jay Birch of 69 Old Broad Street London EC2M 1NR who became party to the
    Agreement on 28 April 2004 as notified to the Company on the same date,
    transferred his 1 ordinary share in the company to Dov Katz of 9-13 St
    Andrew Street EC4A 3AF.

Accordingly, the Company was notified that as of 23 June 2004 both Gareth
Edwards and Jay Birch are no longer party to the Agreement and that Oliver Smith
and Dov Katz are party to the Agreement. The shares held by Oliver Smith and Dov
Katz are registered in their names but are held by each of them as nominee and
trustee for Acquisitor Holdings (Bermuda) Ltd.

The Company was also given notice on 23 June 2004 that on 22 June 2004:

a. Geoff Nash of 8 Nelson's Row, London SW4 7JT transferred his 1 ordinary
   share in the Company to Acquisitor Holdings (Bermuda) Ltd of Clarendon
   House, 2 Church Street, PO Box HM 666, Hamilton HM CX, Bermuda; and
 
b. Neil Bennett of 85 Strand, London WC2R 0DW transferred his 1 ordinary share
   in the Company to Acquisitor Holdings (Bermuda) Ltd of Clarendon House, 2
   Church Street, PO Box HM 666, Hamilton HM CX, Bermuda.

Accordingly, the Company was thereby given notice that Geoff Nash and Neil
Bennett are no longer party to the Agreement as of 23 June 2004.

The Company was further notified on 23 June that following the purchase of
40,000 shares on 23 June 2004 by Acquisitor Holdings (Bermuda) Ltd., the parties
to the Agreement now hold a total of 14,000,165 ordinary shares in the Company
representing approximately 26.03% of the current issued share capital of the
Company.

NOTE: The Company had been notified on 28 April 2004 that as of that date the
following persons were party to the Agreement by virtue of Hanover Nominees
Limited transferring one ordinary share to each of the following persons to be
held as nominee and trustee for Acquisitor Holdings (Bermuda) Ltd.:

 a. Duncan Soukup of Clarendon House, 2 Church Street, PO Box HM 666, Hamilton
    HM CX, Bermuda;

 b. Timothy Lovell of 42 Stradella Road, London SE24 9HA;

 c. Geoff Nash of 8 Nelson's Row, London SW4 7JT;

 d. Nicholas Gill of 15 St Helen's Place, London EC3A 6DE;

 e. Robert Edgell of 15 St Helen's Place, London EC3A 6DE;

 f. Ian Rosenblatt of 9-13 St Andrews Street, London EC4A 3AF;

 g. Neil Bennett of 85 Strand, London WC2R 0DW;

 h. Ken Cronin of 85 Strand, London WC2R 0DW; and

 i. Janine Jardine of 85 Strand, London WC2R 0DW.

The Company had been further notified on that date that Hanover Nominees Limited
transferred 1 ordinary share out of its holding in the Company to each of George
Wardale, David Buchler and Robin Williams each of whom have been previously
notified to the Company as parties to the Agreement.

                                    - ENDS -
For further information:
Baltimore Technologies plc
Alfredo Goyanes
01442 342 823

Smithfield
Andrew Hey
Nick Bastin
Will Swan
020 7360 4900



                      This information is provided by RNS
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