SAR - Baltimore Technologies

RNS Number:5709Z
Acquisitor Holdings (Bermuda) Ltd
09 June 2004







                                                                     9 JUNE 2004

                       ACQUISITOR HOLDINGS (BERMUDA) LTD.

                  (Ticker: Reuters AOB.L or Bloomberg: AOB LN)

DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
SHARES ("SARs")

Date of acquisition                  8 June 2004

Acquisition in                       Baltimore Technologies plc


(1) Class of voting shares           Number of shares/rights over shares  If rights over shares acquired,
                                     acquired                             as opposed to the shares
      (eg ordinary shares)                                                themselves, specify nature of
                                                                          rights
                                     
      Ordinary Shares                618,429 shares



(2) Resultant total holding of       Resultant total holding of rights    Total percentage
voting shares (and % of total voting over shares (and % of total voting
shares in issue)                     shares in issue)


  12,495,165 Ordinary    Shares                                             23.23 %
   (23.23 %)                                                               


(3) Party making disclosure          Acquisitor Holdings (Bermuda) Ltd



(4) (a) Name of person acquiring shares or rights
        over shares and, if different, beneficial owner       Acquisitor Holdings (Bermuda) Ltd


    (b) Names of any other persons acting by                  David Buchler, Robin Williams,
        agreement or understanding                            George Wardale, John Radziwill,
                                                              Duncan Soukup, Tim Lovell, Geoff                          
                                                              Nash, Nicholas Gill, Robert Edgell,
                                                              Ian Rosenblatt, Neil Bennett, Ken
                                                              Cronin, Janine Jardine, Gareth
                                                              Edwards and Jay Birch


Name of signatory
Scott Davis

Telephone and extension number                                 001 441 299 4916




                                    --ENDS--


Further information can be obtained at www.baltimoreaction.com

Enquiries

Gavin Anderson & Company          020 7554 1400

Ken Cronin / Janine Brewis



Information on Acquisitor Holdings can also be obtained at:

www.acquisitorholdings.com






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