Baltimore Technologies plc Lists On The Nasdaq Stock Market

Baltimore Technologies plc - an international provider of information security products and services - began trading today on The Nasdaq Stock Market® under the symbol BALTV. The company's offering raised $59 million by issuing 2,382,608 American Depositary Shares (ADS) at a price of $24.78 per share. Merrill Lynch, Pierce Fenner and Smith Inc and Lehman Brothers are managing this offering. Baltimore's electronic security products and services enable their customers to conduct electronic business securely and to interact more effectively with their customers, suppliers and partners. Baltimore's products are used worldwide by leading organizations across a variety of industry sectors including banking, finance, government and e-commerce. "We're pleased that Baltimore Technologies has chosen to list its shares on The Nasdaq Stock Market. By trading on our market, Baltimore Technologies will be joining the ranks of some of the most innovative enterprises in the world", said Alfred R. Berkeley, President of The Nasdaq-Amex Market GroupSM, which operates Nasdaq®. "Baltimore joins over 420 international companies currently listed on Nasdaq -more than can be found on any other U.S. stock market." The Nasdaq Stock Market lists nearly 5,000 companies, has a larger dollar volume, and trades more shares per day than any other U.S. market. Nasdaq is a subsidiary of the National Association of Securities Dealers, Inc (NASD®), the largest securities-industry, self-regulatory organization in the United States. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.co.uk or the Nasdaq NewsroomSM at www.nasdaqnews.com.