Acquisitor Holdings (Bermuda) Ltd
10 May 2004

10 May 2004


                      ACQUISITOR HOLDINGS (BERMUDA) LTD.
                  (Ticker: Reuters AOB.L or Bloomberg: AOB LN)

           Acquisitor Holdings tables resolutions for forthcoming AGM

Acquisitor Holdings (Bermuda) Limited ("Acquisitor Holdings") announces that a
notice was served on 7 May 2004, by fax and hand delivery,  to Baltimore
Technologies plc ("Baltimore" or "the Company") to requisition the insertion
into the agenda of the Company's forthcoming Annual General Meeting resolutions
to remove the entire existing Board of Baltimore and replace it with a new Board
of Directors headed by David Buchler, the Proposed Chairman, and Duncan Soukup,
Deputy Chairman of Acquisitor Holdings, who is proposed as the new interim Chief
Executive of Baltimore.

                                    --ENDS--

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


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