Baltimore Technologies Chosen by Ulster Bank to Secure Anytime Internet Banking Service.

DUBLIN, Ireland--(BUSINESS WIRE)--Aug. 18, 1999--

Baltimore's PKI Technology Enables Secure, Authenticated

Banking Transactions Over the Internet

Baltimore Technologies (London:BLM) a global leader in e-commerce and enterprise security solutions, today announced that Ulster Bank has chosen Baltimore products to secure their new Anytime Internet banking service. Using Baltimore's award winning security solutions, Ulster Bank can now ensure confidentiality and integrity of all online banking transactions.

The Anytime online service will enable the bank's SME (Small & Medium Enterprises) clients and personal customers to make payments, funds transfers and receive a variety of information services securely from their PC's.

"The Anytime service will offer our customers an efficient, cost effective channel for conducting everyday banking transactions. The security features of 'Anytime' banking will ensure that no one can tamper with customer transactions and that no one can forge their identity to access their account, building confidence and trust in the service," said John McNally, Chief Executive at Ulster Bank Retail.

Ulster Bank is deploying a combination of Baltimore UniCERT security management software and cryptographic toolkits to establish an advanced Public Key Infrastructure (PKI) for the bank's Internet activities. Through the use of digital certificates, full strength cryptography and PKI-enabled applications, the Ulster Bank PKI will provide a highly secure and authenticated framework for Internet banking.

Aidan Gallagher, Executive Vice President of Global Business Development at Baltimore Technologies commented, "Banks worldwide are turning to the Internet to provide new, cost effective value added services to their customers. Ulster Bank recognised the benefits of moving business online and realised that without a security infrastructure this would not be feasible. By embracing PKI technology such as Baltimore UniCERT to build a business focused security infrastructure for 'Anytime', Ulster Bank is enhancing its service delivery while optimising its relationship with its customers."

Ulster Bank's primary considerations in choosing security technology was ease and transparency of use for the end user and ease of deployment and integration with new and legacy systems. The guarantee of full strength security for data confidentiality and user authentication is a pre-requisite for all Internet Banking systems.

In addition to Baltimore UniCERT, Ulster Bank are also using J/CRYPTO and PKI-Plus cryptographic toolkits to security enable its e-commerce applications. The security provided by the underlying cryptography will ensure that confidential information is not disclosed and that an accurate, reliable record of transactions is maintained.

About Ulster Bank

Ulster Bank Group, a member of the NatWest Group, is a leading provider of financial services in both Northern Ireland and Republic of Ireland. The Bank's activities are handled by two business divisions - Ulster Bank Capital Markets and Ulster Bank Retail.

Ulster Bank Retail comprises a branch network of more than 200 outlets throughout the island of Ireland, asset finance businesses and a series of related business units. A comprehensive range of retail banking products are provided to the personal and commercial (SME and mid-Corporate) markets in both Northern Ireland and the Republic of Ireland, including deposit and loan accounts, mortgages, insurance services, debit, credit, and commercial cards, invoice discounting and leasing.

Ulster Bank Capital Markets offers a comprehensive range of financial products and services to corporate, institutional and personal customers. The products and services include treasury and currency products, fund management and administration services, domestic and international corporate lending, specialised finance, stockbroking and corporate finance.

For further information on Ulster Bank, please visit http://www.ulsterbank.com

About Baltimore Technologies

Baltimore Technologies develops and markets security products and services for a wide range of e-commerce and enterprise applications. Its products include Public Key Infrastructure (PKI) systems, cryptographic toolkits, security applications and hardware cryptographic devices.

Baltimore UniCERT is a modular, scalable, multipurpose Certificate Authority (CA) which issues and manages digital certificates for a wide range of applications including email, browsers and virtual private networks. Baltimore PKI-Plus is a developer toolkit to PKI-enable legacy and new applications by providing support for a wide range of cryptographic, directory, smartcard and CA systems. Baltimore's PKI products are available directly and via global Trusted World partners. All products are supported by professional services comprising of system integration and consulting.

Baltimore Technologies was formed by the merger in January 1999 of Zergo Holdings plc and Baltimore Technologies Ltd. It has customers in over forty countries worldwide including some of the world's leading financial, e-commerce, telecommunications companies and government agencies.

Baltimore Technologies plc is a public company quoted on the London Stock Exchange (BLM). Intel Corporation is a minority shareholder in the Company. Baltimore operates from 21 cities worldwide with main offices in London, Dublin, Boston and Sydney.

Baltimore Technologies made e-commerce history in 1998 when President Clinton and Ireland's Prime Minister Ahern digitally signed an inter-governmental communique using security technology provided by Baltimore.

For further information and press releases on Baltimore Technologies, please visit http://www.baltimore.com

E-Security, TrustedWorld, PKIWorld, the Baltimore logo and Baltimore product names including UniCERT, MailSecure, PKI-Plus and J/CRYPTO are all trademarks of Baltimore Technologies plc. All other trademarks are the property of their respective owners.