RNS Number:6312S
Baltimore Technologies PLC
28 November 2003


                Baltimore Technologies plc Announces EGM Results

London, UK - 28 November 2003 - Baltimore Technologies plc (London: BLM)
announced that at its Extraordinary General Meeting (EGM) held today all of the
resolutions were passed by shareholders.

The EGM sought shareholders' approval for the disposal of Baltimore
Technologies' PKI business to beTRUSTed and for a break fee provision relating
to that transaction.

The votes received in respect of the resolutions were as follows:
                                For          Against          Abstain
Resolution 1.             4,015,160          140,120           51,388
Resolution 2.             3,956,366          189,725           60,577

Comment:
Bijan Khezri, Chief Executive of Baltimore Technologies, said:

"The vote in favour of the disposal of the core PKI business reflects
shareholders' endorsement of the Board's belief that Baltimore Technologies
should not continue operating as a subscale software infrastructure vendor in a
consolidating industry.

"The Board's immediate objective will be to minimise the liabilities at both a
Group and subsidiary level, arising from the global network of legal
subsidiaries, their related tax structures and property-related liabilities in
various jurisdictions.

"The options available to Baltimore going forward are principally threefold:
returning cash to shareholders, a reverse takeover or an acquisition. In the
Board's view, together with its advisors, the return of cash to shareholders can
best be achieved by way of Members' Voluntary Liquidation. In any event, it is
crucial to minimise Baltimore's liabilities and this process could take until
June 2004. In parallel, the Board will pro-actively evaluate business
acquisition opportunities and if an attractive opportunity arises, which the
Board wishes to recommend, then it will be put to a shareholder vote."

                                    - ENDS -

For further information call:
Smithfield - 020 7360 4900
Andrew Hey
Nick Bastin
Will Swan



About Baltimore Technologies:
Baltimore Technologies' products, services and solutions solve the fundamental
security and trust 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 also offers
worldwide support for its authorisation management and public key-based
authentication systems.
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 London (BLM). For more information on Baltimore
Technologies please visit http://www.baltimore.com

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Certain statements that are not historical facts including certain statements
made over the course of this document 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.
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