RNS Number:4344P
Baltimore Technologies PLC
05 September 2003





             Baltimore Technologies plc Sells its OmniRoot Business
          to beTRUSTed for #2.0 million (approximately US$3.1 million)



London, UK - 5th September, 2003 - Baltimore Technologies plc (London: BLM)
today announced that it has entered into a conditional agreement with beTRUSTed
to sell its OmniRoot business for a total consideration of #2.0 million
(approximately $3.1 million) in cash.*

Bijan Khezri, Chief Executive Officer of Baltimore Technologies plc, commented:

"Further to the recent sale of our managed services operation to beTRUSTed, this
transaction represents a further step in maximising value for our shareholders
and customers. Through its global managed services operations, we believe
beTRUSTed is uniquely positioned to effectively capitalise on the potential of
OmniRoot in the marketplace."


John Garvey, Chief Executive Officer of beTRUSTed, said:

"This acquisition is a significant step in strengthening beTRUSTed's offerings,
broadening our ability to offer new services to both existing and new clients.
Purchasing Baltimore's OmniRoot business is an important strategic step in our
mission to become the leading global trust services provider. We offer existing
and future customers a stable, high quality platform to implement their security
and trust strategies."

Rationale for the divestment

On 21 July, 2003 Baltimore announced the sale of its managed services operations
to be beTRUSTed. As Baltimore OmniRoot is also a security service which can
power both managed service related SSL offerings and in-house SSL certificate
issuance, Baltimore believes that our customers are best served and the
technology can be best exploited, through a relationship with beTRUSTed.

Financial Information

Based on unaudited management information for the twelve-month period ended 31
December 2002, the OmniRoot business generated revenues of approximately #0.6
million (US$0.9 million) and a profit before interest and tax of approximately
#0.5 million (US$0.8 million). As at 31 December 2002, the net assets of the
OmniRoot business were approximately #0.04 million (US$0.06 million).

Financial effect of the disposal

The company intends to use the cash proceeds of the disposal of #2.0 million
(approximately US$3.1 million), payable at completion, for general corporate
purposes. Baltimore expects that the disposal will complete by the end of
September 2003.

Information on OmniRoot

Baltimore OmniRoot is a trusted root, embedded within the majority of the
world's browsers, mobile devices, email clients and servers, which ensures that
digital certificates issued for SSL and S/MIME are automatically accepted for
secure ecommerce transactions. The technology supports full 128 bit encryption,
the most secure standard available on the market today. OmniRoot is a root key
that has been audited to internationally recognised WebTrust standards.



*Based on an exchange rate as at 4 September 2003 of #0.6370 = US $1.

About Baltimore Technologies

Baltimore Technologies' products, professional services and solutions solve the
fundamental security needs of e-business. Baltimore's e-security technology
gives companies the necessary tools to verify the identity of who they are doing
business with and securely manage which resources and information users can
access on open networks. Many of the world's leading organisations use
Baltimore's e-security technology to conduct business more efficiently and cost
effectively over the Internet and wireless networks.

Baltimore's products and services are sold directly and through its worldwide
partner network, Baltimore TrustedWorld. Baltimore Technologies is a public
company, principally trading on the London Stock Exchange (BLM). For more
information on Baltimore Technologies please visit http://www.baltimore.com

About beTRUSTed

beTRUSTed is the premier global provider of security and trust services to the
world's leading organisations and government agencies. Through its managed
security services, beTRUSTed offers clients a comprehensive package of leading
security products coupled with unrivalled expertise to help reduce costs,
increase revenue and comply with government and industry regulations.

For further information contact:

Smithfield Financial              beTRUSTed
Andrew Hey +44 20 7903 0676       JT Lazo  +1 410 340 4690
Will Swan +44 20 7903 0647


                                      ###



The directors of Baltimore Technologies plc accept responsibility for the
information contained in this announcement. To the best of the knowledge and
belief of the directors of Baltimore Technologies plc (having taken all
reasonable care to ensure that such is the case), the information contained in
this announcement is in accordance with the facts and does not omit anything
likely to affect the import of such information.

Certain statements that are not historical facts including certain statements
made over the course of this announcement may be forward-looking in nature. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance and achievements of
the Company to be materially different from any future results, performance or
achievements implied by such forward-looking statements.

                                      ###




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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