www.cnnfn.com : Securant Technologies Announces Product Interoperability and integration with BLM for secure eBusiness Infrastructure.

Securant joins PKI world; Integration of ClearTrust Secure Control & Baltimore UniCERT to provide complete web security solution for protecting sensitive resources and transactions.

UK WIRE NEWS:

http://www.ukwire.com/articles/200009181433150993R.html

Baltimore Technologies PLC

18 September 2000

BALTIMORE TECHNOLOGIES TO SECURE ECHARGE NET ACCOUNT ECHARGETM CORPORATION SELECTS BALTIMORE'S SECURITY INFRASTRUCTURE TO SUPPORT THE ECHARGESM NET ACCOUNT IN THE U.S. Global e-Security 2000, The Baltimore Technologies Convention, Orlando, FL - September 18, 2000 - Baltimore Technologies (NASDAQ:BALT; London:BLM), a global leader in e-security, today announced that eChargeTM Corporation has selected Baltimore's products to provide the security infrastructure for its eChargeSM Net Account, an Internet purchasing solution offering a combination of security and convenience unavailable in any other online payment method. In collaboration with global information technology services leader EDS, eCharge Corp. now uses Baltimore's UniCERT and encryption solutions to enable secure online credit and prepayments for e-commerce. The eCharge Net Account virtually eliminates fraud through its use of proprietary encryption technology in conjunction with Baltimore's digital certificates. 'Baltimore's world leading position in e-security technology and the company's excellent customer service made them the best choice to provide digital certificates for our eCharge Net Account,' said Michael Matza, group president of eCharge Net Account at eCharge Corp. 'Through Baltimore's comprehensive public key infrastructure (PKI) applications we are able to deliver a convenient payment method that provides consumers a secure alternative to credit cards.' The eCharge Net Account embraces the Internet's flexibility and convenience by allowing eCharge Corp. customers to apply for their account online, obtain real-time account approval, and buy immediately without sending personal or financial information over the Internet while purchasing online. The secure eCharge Net Account can also enable online merchants to attract more customers and generate incremental revenue by offering Internet users a more secure and convenient way to make purchases online. Baltimore UniCERT certificate management system enables eCharge Corp. to issue digital certificates based on an established policy and manage the complete network in a secure and efficient manner. UniCERT is designed for open, modular and scalable operation and consists of a highly secure back-end certificate authority (CA) system using tamper-resistant hardware, registration authority modules and gateways. UniCERT also uses full-strength, 128 bit, cryptographic security applications, developed by EDS using Baltimore Technologies developer e-security toolkits. 'Baltimore Technologies is leading the way for businesses and consumers to transact business over the Internet in a safe, secure and transparent fashion,' said Aidan Gallagher, executive vice president of global business development at Baltimore Technologies. 'Our proven and respected e-security solutions, incorporated with EDS' best-of-breed transaction technologies, add the security needed to ensure that customers such as eCharge can offer the best security available.' Baltimore UniCERT has become one of the world's leading PKI systems used in the most demanding security environments, including banking, government, and e-commerce. UniCERT is a highly scalable, flexible, and easy-to-use standards-based security tool that can be implemented for secure e-business transactions over the Internet, Extranet, and Intranet. UniCERT is deployed by a wide range of Fortune 1000 businesses enabling e-business on a global scale.

On September 14, Baltimore Technologies announced its definitive agreement to acquire Content Technologies, developers of the MIMEsweeper range of products and the market leader in content security solutions http://www.contenttechnologies.com For further information and press releases on Baltimore Technologies, please visit http://www.baltimore.com

About Global e-Security 2000: Global e-Security 2000, the second Baltimore Technologies Annual Convention, is taking place from September 17 through September 20 at the Hilton in the Walt Disney World Resort in Orlando, Florida. The Convention, supported by eleven industry leading sponsors including EDS, Hewlett-Packard, Motorola, Compaq, Gemplus, Intel, Secure Computing, TidePoint and Siemens, is focusing on the use of e-security to deliver secure, trusted business models and applications. Global e-Security 2000 begins with the Baltimore Academy where a series of pre-convention tutorials by Baltimore's own security experts will explore topics from getting started with PKI to implementing secure mobile-commerce applications. During the following three days, over 100 end-users, e-business strategists and security specialists will give informative, instructional presentations covering everything e-businesses need to know about e-security. Throughout the Convention, e-businesses that are interested in assessing e- security products and services can visit the e-Security Village. The Village will bring together over 50 vendors from around the world to showcase the latest systems and solutions for e-business, enterprise and mobile commerce security. View the Global e-Security 2000 website to find out more: http://e- security2000.baltimore.com

(AFR) 09/10/00 08:19: ANZ Bank selects Baltimore for e--commerce security initiative ANZ and Baltimore Technologies to provide digital certificates for secure, authenticated banking in Australia Sydney, Australia - October, 9, 2000 - Baltimore Technologies (NASDAQ:BALT; London:BLM), a global leader in e-security, today announced that ANZ (Australian and New Zealand Banking Group Ltd) has chosen its technology, hosting facilities and consulting services to support two strategic e-security systems that will enable trusted e-commerce for its online business customers. Baltimore's digital certificate technology will enable the ANZ Bank to provide a more secure and trusted online environment for its business customers and business-to-business (B2B) transactions globally. Using Baltimore UniCERT Certificate Management System, ANZ is able to issue unique identities in the form of digital certificates to business customers so they can confidently interact with the bank and other trading partners. "The international banking and finance market for secure online transactions is growing rapidly. ANZ has a well-founded reputation as a proactive innovator of technology and a clear vision to lead in the provision of online banking services. We look forward to working with ANZ to help fulfil this vision," said John Palfreyman, Managing Director, Asia Pacific, Baltimore Technologies. These e-security systems will be one of Australia's first large-scale applications of Public Key Infrastructure (PKI) technology in the banking sector. PKI solutions employing digital certificates are the globally accepted means by which online authentication, robust e-security and non- repudiable electronic transactions are achieved. "Our digital certificate technology initiative will enable our business customers to more easily trust and identify potential trading partners across the world," said ANZ Head of Business eCommerce, Mr Mike Irvine. "Potentially, this facilitates companies opening new markets and carrying out numerous B2B commerce activities - not just financial services - with lower transaction costs." Further commenting, Irvine said, "We chose Baltimore after an extensive evaluation of competing suppliers. Baltimore offered the most internationally proven, flexible and scalable PKI technology. And with over 100 staff on the ground in Australia, we have access to experts on a one-to-one basis." Through the use of digital certificates, ANZ's business customers will also be able to conduct transactions with the Federal and State Governments. Baltimore Technologies was the first technology supplier to gain accreditation under the Australian Federal Government's PKI Strategy - Gatekeeper. The nature of Baltimore Technologies' solutions means the ANZ can issue digital certificates directly, or enable other partners and third parties - potentially, other financial institutions to issue them. Baltimore's solutions can be scaled to support millions of transactions daily on a national or international basis. Baltimore Technologies will host ANZ's Certificate Authorities at its high security purpose-built PKI data centre in Australia. Although hosted by Baltimore, ANZ owns and controls the technology platform.

About Baltimore Technologies in Australia: Baltimore Technologies Pty Ltd. employs over 100 people in Australia which includes a team of staff engaged in research and product development for the global market and a team of professionals engaged in e-security consulting, integration, training and support for customers and partners throughout the Asia-Pacific region. Baltimore also operates a digital certificate hosting service, Baltimore Certificates Australia Pty Ltd., for the local market and was the first company to achieve accreditation under the Federal PKI Strategy - Gatekeeper. Australian customers include Telstra, the Australian Tax Office, Australian Payments Clearing Association and the Health Insurance Commission. About Baltimore Technologies Baltimore Technologies develops and markets security products, services and integrated solutions to enable companies to develop trusted, secure systems for e-business, the Internet and mobile commerce. Its products include a wide range of e-security systems, wireless security solutions, cryptographic toolkits, security applications and hardware cryptographic devices.

On September 14, Baltimore Technologies announced its definitive agreement to acquire Content Technologies, developers of the MIMEsweeper range of products and the market leader in content security solutions http://www.contenttechnologies.com

On October 4, Baltimore Technologies announced its agreement to acquire Nevex, an innovator in policy-driven authorisation technology for secure e-business deployments.

AFR: Baltimore Tech.PLC -New Strategy :Baltimore e-security set to drive growth in ASP market Baltimore's new strategy enables Application Service Providers to aggressively execute e-commerce strategies Dublin, Ireland - October 9, 2000 - Baltimore Technologies (NASDAQ:BALT; London:BLM), a global leader in e-security, today announced a new program aimed at Application Service Providers (ASPs). As part of this program, Baltimore will now offer an integrated suite of e-security solutions that will enable ASPs to provide a broad range of services including secure PKI hosting, VPN, secure web access and content filtering. Market research group Gartner predicts the worldwide Application Service Provider (ASP) market will reach more than $25.3 billion by 2004. ASPs provide software hosting services so customers save time and resources by removing the necessity to install and manage it themselves. Security is a fundamental requirement to enable the provision of such e-services. Through the use of Baltimore's e-security technology, ASPs can now build digital certificate and security functionality into their existing e-service applications. In addition, with Baltimore's new ASP solution suite, they can create new revenue streams through the provision of secure hosted services. According to Tom Fawcett, Senior Research Analyst at Frost & Sullivan, "The ASP market is poised for tremendous growth but one of the main inhibitors is the fundamental requirement for an underlying secure infrastructure upon which the service can be based. Moving into this area is a natural progression for Baltimore Technologies given their depth of experience in providing secure hosted services and the flexibility of their e-security product suite. The recent acquisitions of Content Technologies and Nevex further strengthens Baltimore's position in this market." A combination of Baltimore, Content Technologies and Nevex's leading-edge technologies will enable ASPs to aggressively execute their e-commerce strategies. These combined solutions will provide ASPs with a complete security infrastructure to offer enhanced protection of customer data. This security infrastructure will control who accesses the data; what privileges they have; which resources or services they are accessing and what information is transferred in or out of the network. "ASPs give customers the option to choose the e-business infrastructure that best suits their needs and resources," commented Aidan Gallagher, Executive Vice President of Global Business Development at Baltimore Technologies. "Baltimore has always been committed to providing customer choice with offerings that include UniCERT Options and SolutionsPlus. This ASP initiative further underlines Baltimore's ability to meet the constantly evolving business requirements. This new offering also creates new markets and business opportunities for our customers and partners." Baltimore's ASP solution is also targeted at the rapidly emerging wireless application service provider (WASP) market. Through the provision of wireless e-security, Baltimore will enable network operators, B2B exchanges, and content providers to provide secure hosted m-commerce services. According to a new study by IDC, the wireless application outsourcing market will grow substantially during the next few years, producing revenue of $732 million by 2004. WASPs help organizations design wireless transaction services such as confirming a reservation, ticketing and payments through a wireless Internet connection. About Baltimore Technologies Baltimore Technologies develops and markets security products, services and solutions to enable companies to develop trusted, secure systems for e- business, the Internet and mobile commerce. Its products include a wide range of Public Key Infrastructure (PKI) systems, wireless e-security solutions, cryptographic toolkits, security applications and hardware cryptographic devices. Baltimore's global professional services organization offers a wide variety of consulting, training and deployment support to its customers worldwide.

.

(AFR) 23/10/00 07:30: CABLE & WIRELESS AND BALTIMORE TECHNOLOGIES PARTNER TO DEVELOP DELIVER SECURE E-BUSINESSE-SECURITY SOLUTIONS Multinational corporates and ASPs among first to benefit from new services Cable & Wireless, the global telecommunications group, and Baltimore Technologies, the global leader in e-security, today (23 October 2000) announced their intention to jointly develop and deliver secure e-commercebusiness solutions worldwide. The partnership represents a significant initiative between a major internet protocol (IP) service provider and a leading e-security company to enable a secure and trusted internet infrastructure for the digital economy. The two companies will develop trusted third party (TTP) secure e-business services based on public key infrastructure (PKI) technology for large corporates, provided through the Cable & Wireless channel. The first service, scheduled for rollout in the UK, continental Europe and US in the first half of next year, will be a PKI-based secure virtual private networks (sVPN) solution. The two companies are currently implementing the secure infrastructure upon which the new services, such as sVPN can be deployed. Market research group Gartner predicts the worldwide ASP market will reach more than $25.3 billion by 2004.Cable & Wireless and Baltimore Technologies also plan an integrated suite of e-security solutions that will enable application service providers (ASPs) to provide a broad range of services including secureVPN, secure web access, and content filtering and the hosting of secure services. The ASP demand is predicted to reach more than $25.3 billion by 2004 according to Gartner. The secure services suite will be designed to offer a wide range of compelling value-added benefits to the market such as rapid deployment of PKI-enabled e-business and e-commerce networks; control over access and movement of sensitive information; and protection against infection and data loss from email transported viruses, spam attacks, productivity loss, exposure to legal liability and damage to an organisation's reputation. Rick Hudson, vice president, global business development, Cable & Wireless said: "This is an excellent opportunity for Cable & Wireless to integrate security into our product offerings rather than just as a bolt-on option. It will be a genuine differentiating factor and will put us ahead of our competitors in being able to offer seamless, fully integrated secure products and solutions." The first products to be launched will be secure Virtual Private Networks (VPNs) in January 2001.In a recent report, analyst group IDC identified security infrastructure systems software as one of the most pressing requirements for ASPs. Chris Christiansen, program director for IDC's Internet Infrastructure Systems Software program said: "Strong and demonstrable security is of special importance to ASPs. Security is a horizontal and pervasive infrastructure tool vital to network, applications, and, increasingly, content access and use. Prospective customers must be convinced that their corporate applications, data, and transactions will be secure for them to even consider engaging an ASP solution." One of the first areas to benefit from this alliance is Cable & Wireless a-Services, launched last month in the USA, which offers secure, end-to-end application services to SMEs, in partnership with Compaq and Microsoft., Today's partnership announcement combines Cable & Wireless' carrier-class internet protocol (IP) infrastructure and extensive channels to market with Baltimore's best of breed e-security and encryption technologies for delivering enhanced security for transactions, applications and devices over the internet and corporate extranets. These technologies include the systems for building international digital certificate and digital signature infrastructures. A further element of the partnership is for the two companies to work together to develop alternative channel strategies to complement existing routes to market. By joining forces, both companies are in a position to deliver enhanced ipresents a major boost to both organisations' ability tonternet infrastructure solutions to the global market. For Baltimore Technologies, the alignment with Cable & Wireless represents a further extension of its ability to seed the market with its technology by offering fully-integrated and managed e-security solutions across the globe. For Cable & Wireless, the relationship reinforces its position as a frontrunner in providing secure IP-based products to business customers. Commenting on the agreement, Aidan Gallagher, executive vice-president, Global Business Development with Baltimore Technologies said: "We recently announced the launch of Baltimore's integrated suite of e-security solutions for application services providers, and are delighted to have such a major global organisation as Cable & Wireless as our first public partner in this space. Our combined strengths position our solution as extremely attractive to the market and we look forward to working closely with Cable & Wireless on rolling out individual services and making secure ASP infrastructure a reality." END About the PKI-based secure VPN Solution (sVPN) Secure VPNs offer organisations a cost effective and secure method to provide access to internal networks using public networks such as the Internet. VPN technology provides network level security for telecommuters, site to site communications for branch and corporate offices (intranets) and business to business communication for companies to securely communicate with their business partners (extranets). By PKI-enabling VPNs, enterprise and service provider customers are afforded the most secure, scalable and cost-effective method of establishing such connectivity. About e-Security ASP services Electronic security enables ASPs to aggressively execute e-commerce strategies. Baltimore's integrated suite of products will allow Cable & Wireless to deliver applications, content access, and filtering services from the ASP to the client, while also ensuring the highest level of security. Baltimore can deliver the necessary products and infrastructure to quickly deliver incremental revenue channels and deliver the type of security services that were previously only available to the enterprise customer.

About Cable & Wireless: Cable & Wireless is a major global telecommunications business with revenue of over £9 billion (US$14 billion) in the year to 31 March 2000 and customers in 70 countries. Its operations around the world offer a full range of telecommunications services. Cable & Wireless' focus for future growth is on IP (internet protocol) and data services and solutions for business customers. It is developing advanced IP networks and value-added services in the US, Europe and the Asia-Pacific region in support of this strategy. With the capability of its global IP infrastructure and its strength in key markets, Cable & Wireless holds a unique position in terms of global coverage and services to business customers. Cable & Wireless and the Globe Device are registered trademarks of Cable and Wireless plc.

About Baltimore Technologies: Baltimore Technologies develops and markets security products and services to enable companies to develop trusted, secure systems for e-business, the Internet and mobile commerce. Its products include a wide range of Public Key Infrastructure (PKI) products and services, wireless e-security solutions, cryptographic tool-kits, security applications and hardware cryptographic devices. Baltimore's global professional services organisation offers a wide variety of consulting, training and deployment support to its customers worldwide. Baltimore Technologies markets and sells its solutions worldwide directly and through the TrustedWorld channel program. TrustedWorld includes many of the world's leading technology companies and a wide variety of global, regional and local business alliance partners. Baltimore Technologies employs over 800 people worldwide and operates from 30 cities, with headquarters in Dublin, Ireland; London, UK; Boston, USA and Sydney, Australia. Baltimore Technologies plc is a public company with dual listings on NASDAQ (BALT) and the London Stock Exchange (BLM). On September 14, Baltimore Technologies announced its definitive agreement to acquire Content Technologies, developers of the MIMEsweeper range of products and the market leader in content security solutions http:// www.contenttechnologies.com. On October 4, Baltimore Technologies announced its agreement to acquire Nevex, an innovator in policy-driven authorization technology for secure e-business deployments.

(AFR) 08/11/00 11:00: Baltimore Technologies Reports Record Q3 Revenues

Revenues increase 215% over previous year. Strategic acquisitions open up new markets and enhance competitive position.

London, UK - November 8, 2000 - Baltimore Technologies plc (NASDAQ:BALT;London:BLM), a global leader in e-security solutions, today announced its record third quarter results for the period ending September 30, 2000. Total revenue for the third quarter was Stg£20.1 million (US$29.7 million)*, a 215% increase compared to the same period last year and a 24% increase over Q2 2000. Commenting on the results, Mr. Fran Rooney, Chief Executive Officer of Baltimore Technologies said: "This has been another very successful quarter for Baltimore Technologies. Strong revenue growth across all areas of our business, key customer wins and the announcement of strategic acquisitions of Content Technologies and Nevex Software Technologies underline the continuing momentum in our business." "We have also recently announced key customer successes such as ANZ Bank and First Data Corporation (FDC) along with a strategic arrangement with Cable and Wireless in the ASP space to provide a range of e-security services. Other examples of our progress in emerging sectors include developing security for the Palm Operating System, the agreement that Motorola will embed root certificates generated by Baltimore on their phones, and providing the security solution for Open Interactive, the digital TV service of BSkyB," added Mr Rooney. During the third quarter, license revenue increased by 28% to Stg£10.3 million (US$15.2 million), compared to Stg£8.0 million (US$11.9 million) in Q2 2000 and has grown to 51% of total revenue. This represents an increase of 282% over the corresponding quarter last year, when license revenue accounted for 42% of total revenue. License revenue for the year to date of Stg£23.5 million (US$34.7 million) has increased by 384% compared to the same period last year. Gross margin for Q3 has increased to 66% compared to 64% for Q2 2000 and has been principally driven by the increasing software license revenue mix. Loss before interest, tax, depreciation and amortisation ("LBITDA") for the third quarter was Stg£7.0 million (US$10.3 million) compared to LBITDA in Q2 2000 of Stg£4.4 million (US$6.5 million). Underlying LBITDA (excluding share option charges for UK based employees) was Stg£5.7 million (US$8.4 million) in Q3 against Stg£4.9 million (US$7.3 million) for Q2 2000. The Company has reduced its losses pre-amortisation and stock compensation charges to 28% of revenues, compared to 80% of revenues in Q3 1999, reflecting the continued focus on generating increasing returns on investment whilst maximising its top line growth objectives. During the period the Company continued its strategy to invest in Sales and Marketing, Research and Development and Professional Services, with headcount increasing to 846 in the period (Q2 2000: 740) compared to 468 for the corresponding quarter last year. Q3 Highlights: Acquisitions The acquisition of Content Technologies Limited, which was announced in Q3 and has closed since the quarter end, adds secure content management to Baltimore's e-security technology portfolio. Content management and security is becoming increasingly critical to all organisations as they look to open their systems to the Internet. The acquisition of Content adds over 6,000 customers and 6 million seats to Baltimore's customer base. Since the quarter end, Baltimore acquired Nevex Software Technologies Inc, a leading developer of next generation access control and authorization products. Nevex's products provide a unique architecture to provide resource discovery and access control for web and application security. With this e-security portfolio, Baltimore can now provide customers with a unified policy management infrastructure, an essential platform on which to build and secure their e-commerce strategy. Expanded range of technologies and solutions During the period, Baltimore launched KeyTools, a new family of e-security products that enables developers to easily integrate advanced security into applications. Baltimore can now further exploit this rapidly growing market and, with the expiration of the RSA patent, can offer its complete range of developer products in the United States. Customers of Baltimore KeyTools include Iona Technologies and Critical Path. Telepathy WST version 1.2, the worlds first WAP security toolkit that enables client authentication for mobile commerce was launched in the quarter. Baltimore also developed wireless Public Key Infrastructure (PKI) security solutions for Palm OS, enabling the development of secure consumer and enterprise applications for Personal Digital Assistants (PDAs) and other handheld devices. Since the period end, Baltimore announced a strategic relationship with Motorola, to embed Telepathy digital certificates on Motorola mobile phones. In PKI, UniCERT v3.1.2 became the first PKI System in the world to gain ITSEC E3 certification. ITSEC is a recognised global standard for the measurement of security products. UniCERT also won best E-Commerce Product at the European E- Commerce Association Awards and received Best Buy in PC Magazine's review of PKI products. Baltimore's Application Service Provider (ASP) initiative enables service providers to offer a broad range of services including secure PKI hosting, secure VPN, secure web access and content filtering. Through the use of Baltimore's e-security technology, ASPs can now build digital certificate and security functionality into their existing e-service applications. During the period, Baltimore closed a significant deal with Cable and Wireless to provide the e-security technology for their range of application and service offerings. Expanded customer base Baltimore continued to experience success in the finance and government sectors, with major deals secured with ANZ Bank, First Data Corporation, eCharge, Telstra and the Ministry of Defence in the UK. In the emerging digital TV network space Baltimore's e-security toolkits were chosen by Open Interactive ("Open"), the digital TV service of British Sky Broadcasting network. Baltimore and FutureTV, the interactive television company, also announced an agreement to develop next generation secure e- commerce solutions for digital TV network operators and content providers looking to deploy new services such as e-music and Video on Demand (VOD). Global e-Security 2000 Baltimore Technologies held its second annual convention in the US in September. The Convention, was a sell out success attracting over 1000 attendees from around the world to hear 100 industry leading speakers and see solutions from more than 50 e-security vendors. Global e-Security 2000 was supported by eleven industry leading sponsors including EDS, Hewlett-Packard, Motorola, Compaq, Gemplus, Intel, Secure Computing, TidePoint and Siemens. At the Convention, EDS was awarded Baltimore's prestigious TrustedWorld Partner of the Year Award. Further commenting on the results, Fran Rooney said, "The past year has seen significant growth in our revenues, customer base and e-security solution offerings. Integration of our recent acquisitions is already well underway and we look forward to launching exciting new products that will continue to drive revenue growth into the future. As the provider of the essential security platform on which companies can secure their e-business systems, we are extremely well positioned to build on Baltimore's success to date." *Note: The figures quoted in the above announcement do not include financials from the recently acquired Content Technologies Ltd. and Nevex Software Technologies Inc as these acquisitions were completed after the period end. THE REPORTING CURRENCY OF THE COMPANY IS POUNDS STERLING; RESULTS HAVE BEEN TRANSLATED FOR THE CONVENIENCE OF THE READER AT A RATE OF £1 = US$1.4785

Baltimore Technologies PLC 10 January 2001

Substantial Shareholder Notification

The Company received notification on 10 January 2001 that The Capital Group Companies, Inc., on behalf of its affiliates, Capital Research and Management Company and SMALLCAP World Fund, Inc., now holds a total of 46,621,083 ordinary shares of 0.1p each in the Company ('Ordinary Shares') representing 9.12 per cent. of the issued ordinary share capital of the Company. 35,145,983 Ordinary Shares are registered in the name of State Street Nominees Limited, 10,475,100 Ordinary Shares are registered in the name of Chase Nominees Limited and 1,000,000 Ordinary Shares are registered in the name of Cede & Co.

Baltimore Technologies PLC

Under Embargo until Jan 15, 2001 at 7am UK

Baltimore Technologies announces world's first e-security solution for Microsoft Windows 2000 SolutionsPlusa for Windows 2000, combines the robust security of the Baltimore UniCERTa PKI with the ubiquity of Microsoft Windows 2000 for total desktop security Dublin, Ireland - January 15, 2001 - Baltimore Technologies (NASDAQ:BALT; London:BLM), a global leader in e-security, today announced worldwide availability of the world's first e-security solution for the Microsoft Windows 2000 operating system. Working side-by-side with members of Microsoft's Windows 2000 desktop security development team, Baltimore has raised the bar by becoming the first third party PKI to fully integrate with Windows 2000, supporting all Windows 2000 desktop security features without the use of any additional client software. Customers around the world can now easily architect a secure enterprise infrastructure in a Windows 2000 environment using Baltimore's digital certificates to authenticate users. 'Baltimore Technologies has been able to develop a Windows 2000-based security infrastructure that is able to leverage the security benefits of PKI-enabled applications provided as part of the Windows 2000 client and server,' said Jackson Shaw, Product Manager for Windows 2000 at Microsoft Corp. 'With the millions of copies of Windows 2000 shipped to customers, we feel that this solution is the ideal way for users to transparently use a third-party CA without having to replace any Windows 2000 software. Microsoft and Baltimore security specialists have worked together consistently and systematically to ensure the Windows 2000 and UniCERT linkage is sound. Microsoft has actively participated in the UniCERT integration with Windows 2000 and endorses the resulting Baltimore SolutionsPlus for Windows 2000 solution.' Baltimore's release today of its award winning UniCERT PKI, version 3.5 (See http://www.baltimore.com/news/press/pr20010115a.html), provides the foundation of SolutionsPlus for Windows 2000. Baltimore UniCERT 3.5 runs on the Windows 2000 operating system, interoperates with the Windows 2000 PKI, and provides all PKI personnel identity services required by Windows 2000 PKI-enabled applications. Baltimore SolutionsPlus for Windows 2000 is comprised of: - the UniCERT PKI; - the UniCERT Advanced Publishing Module (APM), which allows for seamless integration with the Microsoft Active Directory for access to certificates and revocation lists; and - specialized documentation for IT managers to configure UniCERT to operate within the Windows 2000 environment. 'Because UniCERT and Windows 2000 are based on open standards, Baltimore has been able to develop a potent Windows 2000-based security infrastructure that will gain wide acceptance by IT managers across the globe,' said Jason Wright, security analyst at Frost & Sullivan. 'This solution is the ideal way for users to transparently use a third party CA while making use of all of the security benefits embedded within the core of Windows 2000.' Baltimore SolutionsPlus for Windows 2000 allows an enterprise IT infrastructure to use the UniCERT PKI to allow desktop users to make use of the following Microsoft applications: Microsoft Outlook, Microsoft Internet Explorer, Internet Information Server (IIS) capabilities, Authenticode, and Virtual Private Network/remote access. Additionally the Windows 2000-based security solution provides systems applications interoperability, enables smartcard log-in, supports Encrypting File System (EFS) and enables smartcard based logon for single-sign on. 'Both new and existing UniCERT customers are moving to a Windows 2000 environment while striving to maintain a centralized approach to their enterprise CA deployment,' said Joyce Fai, Director of Solutions Management at Baltimore Technologies. 'In creating SolutionsPlus for Windows 2000, Baltimore continues to give our global customers flexibility and choice by providing a PKI that fits into the Windows 2000 environment while providing the unrivaled features found in UniCERT.'

31 January 2001 Baltimore Technologies plc

Substantial Shareholder Notification

The Company received notification on 30 January 2001 that FMR Corp. and its direct and indirect subsidiaries, and Fidelity International Limited and its direct and indirect subsidiaries, now hold a total of 21,219,541 ordinary shares of 0.1p each in the Company representing 4.15 per cent. of the issued ordinary share capital of the Company.

21/2/01 07:45 GMT Baltimore Technologies sees confident 2001 despite 'short term' U.S. downturn LONDON (AFX) -

Baltimore Technologies PLC expects some short-term impact from the downturn in the U.S. economy, but nonetheless expects a strong performance in 2001, it said as it reported full year revenues up 219 pct to 74.2 mln stg from 23.3 mln. The company made a pretax loss -- before exceptionals for acquisitions totalling 71.8 mln stg -- of 22.4 mln stg, against a 19.5 mln stg loss in 1999. Licence fee revenue grew for the full year to 40.3 mln stg from 9 mln stg. The company's EBITDA loss for the year was 25.4 mln stg, widening from 20 mln but falling as a proportion of revenue to 34 pct from 86 pct. Baltimore said its revenue for the fourth quarter alone, at 28.4 mln stg, exceeded revenue for the whole of 1999, while gross margin for the full year improved to 72 pct from 67 pct. Organic revenue accounted for 23.4 mln stg in the fourth quarter, a gain of 17 pct over the previous quarter. The company pointed to the completion of its Content Technologies purchase, and to its increasing move into digital TV and set top boxes through the enablement of secure content delivery for BSkyB's Open service, as important pointers to future direction. Investment in product development in 2000 was up 105 pct over the previous year, the company said. Revenue from outside Europe increased to 22 pct of revenue from the U.S., up from 4 pct, and 31 pct from the Asia Pacific region, up from 16 pct, the company said.

21/2/01 10:39 GMT STOCKWATCH:

Baltimore slides as brokers worry about licence revenue visibility

LONDON (AFX) - Shares in Baltimore Technologies PLC slid in early trading despite pretax, pre-exceptional losses well within forecasts, as dealers found concerns in the visibility of revenues going forward, focusing in particular on the growth rate of licence fees. At 10.21 am, Baltimore shares were off lows, down 22-1/2 or 7.22 pct at 289-1/4. The company's full year figures showed a pretax, pre-exceptional loss of 22.4 mln stg, with 71.8 mln stg in amortisation of acquisitions including Nevex Software and Content Technologies, on revenues of 28.4 mln stg, at the top of the range of expectations. EBITDA was negative at 8.7 mln stg, but better than the forecasts which hovered around the 1.5-11 mln stg level. UBS Warburg rated Baltimore a 'strong buy', while Merrill Lynch reiterated a 'buy'. But Baltimore was a 'hold' at WestLB Panmure, which set a 3 stg price target. Williams de Broe also repeated its 'hold' as did Nomura and HSBC. But according to Credit Suisse First Boston, which retained its 'hold', "digging below the figures reveals a number of issues". The "limited visibility" of pickup rates of public key infrastructure (PKI) sales, along with a potentially vulnerable sales cycle, means there is "significant risk of disappointment in 2001", the broker said. Among other issues, it pointed to the rate of licence fee growth, which it said is far from strong, and continuing expansion of sales and marketing spend with "little evidence of leverage". Moreover, the R&D spend has been tightly controlled, the broker said, rising to 4.5 mln stg in the fourth quarter from 4.1 mln in the third. "Given that there is organic growth and the R&D from Content was consolidated for two months, this would suggest that the company is cutting underlying R&D," CSFB said in a morning note. On top of that, the broker warned, Baltimore's caution on a slow first half in the U.S. could mean back end loading of revenues, despite the company's insistence that it is still on target to turn profitable by the end of 2001. "Even with the strong pipeline management at Baltimore with a 6-9 month sales cycle there is little visibility over the second half," the broker said. But some dealers remained confident. "The bottom line performance is pretty good," said one, "the margins (of 72 pct) are well above what I expected and they should double revenues this year." The cautionary words on the U.S. economy "really aren't that necessary", he said. Combined with the inclusion of the amortisation on the bottom line, "I have to say that for once [chief executive] Fran Rooney hasn't presented the company to its best advantage this time."