RNS Number:5703L
Baltimore Technologies PLC
27 May 2003



   Baltimore Technologies plc announces Allotment of shares to non-executive
                           Directors in lieu of cash


London, UK - 27 May 2003 Baltimore Technologies plc (London: BLM) today
announced that all of the resolutions tabled at the 2003 Baltimore Technologies
plc AGM held on Thursday 22 May 2003, were passed. Resolution 5 authorised the
Directors of Baltimore to allot ordinary shares for remuneration payable to a
Director of the Company in the future.

Accordingly, effective Friday 23 May 2003, ordinary shares of 1p each were
allotted to individual non-executive Directors of Baltimore as follows:

Name               Position   Previous Holding     Allotment   Resultant Holding

Peter Morgan       Chairman             52,460        77,860             130,320
John Cunningham    NED                   9,491        35,037              44,528
David Guyatt       NED                 758,099        35,037             793,136
George Powlick*    NED                   8,991        35,037              44,028

* includes 2,500 ADRs

Application has today been made to the UKLA and London Stock Exchange for the
listing of these shares.

For further information contact:

Smithfield Financial

Andrew Hey:     0207 903 0676

Nick Bastin:     0207 903 0633


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