Rule 8 - Baltimore

RNS Number:9672G
Acquisitor Holdings (Bermuda) Ltd
04 January 2005


                                                                  4 JANUARY 2005

                       ACQUISITOR HOLDINGS (BERMUDA) LTD
                  (Ticker: Reuters AOB.L or Bloomberg: AOB LN)

 DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON TAKEOVERS
                                  AND MERGERS


Date of dealing: 31 December 2004

Dealing in (name of company): Baltimore Technologies plc

1. Class of securities (eg ordinary shares): Ordinary Shares

2.

Amount       Amount    Price
bought       sold      per unit
12,000                 GBP 17.85


3. Resultant total of the same class owned or controlled (and percentage of
class): 123,897 28.77%

4. Party making disclosure: Acquisitor Holdings (Bermuda) Ltd

5. EITHER (a) Name of purchaser / vendor (Note 1):

Acquisitor Holdings (Bermuda) Ltd

OR (b) if dealing for discretionary client(s), name of fund management
organisation

...............................................................

6. Reason for disclosure (Note 2)

...............................................................

(a) associate of

(i) offeror (Note 3): NO

(ii) offeree company: YES

Specify which category or categories of associate (1-8 overleaf): Category (6)

If category (8), explain

...............................................................

(b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more of the
class of relevant securities dealt in): YES
Name of signatory: Dawna Ferguson

Telephone and Extension number: 001 441 299 4916


                                   ---ENDS---

Enquiries:

Bishopsgate Communications Ltd.                               Tel: [phone]
Maxine Barnes
Dominic Barretto
[e-mail]

Information on Acquisitor Holdings (Bermuda) Ltd can also be obtained at:
www.acquisitorholdings.com









                      This information is provided by RNS
            The company news service from the London Stock Exchange

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