RNS Number:9811X
Acquisitor Holdings (Bermuda) Ltd
26 April 2004


                                                                   26 APRIL 2004

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

    ACQUISITOR HOLDINGS SEEKS LEGAL ADVICE ON DEFAMATION PROCEEDINGS AGAINST
                             BALTIMORE TECHNOLOGIES

In an announcement circulated to the Press on Sunday 25 April 2004, Baltimore
Technologies plc ("Baltimore") falsely alleged that Acquisitor Holdings (Bermuda
) Ltd's. ("Acquisitor Holdings") actions between 22nd March and 31st March "may
amount to market abuse".

As a result of the false information and allegations contained in the release
circulated to the Press, Acquisitor Holdings is seeking legal advice on bringing
defamation and libel proceedings against Baltimore. Acquisitor Holdings notes
Baltimore's unreserved apology, issued this morning, but will also be demanding
a complete retraction of the statement as well as seeking substantial damages
from Baltimore.

Representatives for Acquisitor Holdings will also be contacting the UKLA and the
FSA at the earliest possible time to discuss the issue with them and to seek
sanctions against Baltimore's Board for bringing the market into disrepute.

In the meantime we would urge Baltimore shareholders to focus on the main issue
at hand ahead of the Company's Extraordinary General Meeting on May 6th, which
is the selection of the most appropriate and effective management team to
maximize the Company's shareholder value.

                                   ---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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