RNS Number:1646T
Acquisitor Holdings (Bermuda) Ltd
11 December 2003



                                                                11 DECEMBER 2003


                       ACQUISITOR HOLDINGS (BERMUDA) LTD.
                    ("ACQUISITOR HOLDINGS" OR "THE COMPANY")
                 (Ticker: Reuters: AOB.L or Bloomberg: AOB LN)
      Acquisitor Holdings increases interest in Baltimore Technologies plc

Following the purchase of 275,000 shares on 5 December 2003, Acquisitor Holdings
has informed Baltimore Technologies plc ("Baltimore") that it has an interest in
3,993,736 ordinary shares of Baltimore, representing 7.43%* of the issued share
capital.

The shares will be registered in the name of Hanover Nominees Limited.

* based on 53,718,315 shares, as advised by Baltimore on 10 December 2003.

Acquisitor Holdings endeavours to achieve a high rate of capital growth for its
shareholders by acquiring significant holdings in companies, which the members
of its Board of Directors consider to be fundamentally sound but which are
valued at a discount to the Directors' estimate of their private market value.


                                    --ENDS--

Enquiries:

Bishopsgate Communications Ltd                              Tel: 0207 430 1600
Maxine Barnes
Dominic Barretto
Email: maxine@bishopsgatecommunications.com



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