RNS Number:9057Z
Acquisitor Holdings (Bermuda) Ltd
18 June 2004


                                  18 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                            17 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                540,000 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)



      13,820,165 Ordinary Shares                                          25.7%
      (25.7%)


(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

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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