RNS Number:5266Z
Acquisitor Holdings (Bermuda) Ltd
08 June 2004

                                                                     8 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       7 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                55,000 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)


11,876,736 Ordinary                                                       22.08 %
Shares   (22.08 %)


                                                                          

(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
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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