RNS Number:2585Z
Acquisitor Holdings (Bermuda) Ltd
01 June 2004







                                                                     1 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                    28 May 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





                                     425,000 shares
      Ordinary 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)



      11,133,736 Ordinary Shares
       (20.70 %)                                                              20.70 %





(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                                            Dawna Ferguson



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
Neil Bennett / Ken Cronin / Janine Brewis

Information on Acquisitor Holdings can also be obtained at:
www.acquisitorholdings.com








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

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