Clearstream Services Choose Baltimore SelectAccess for Extranet Security.

Business Editors

DUBLIN, Ireland--(BUSINESS WIRE)--March 5, 2001

Baltimore Technologies (NASDAQ:BALT)(London:BLM.)

Baltimore Technologies (NASDAQ:BALT)(London:BLM.), a global leader in e-security, today announced that Clearstream Services, the largest international clearing, custody and settlement provider, has chosen Baltimore SelectAccess to enable secure access and authorisation of users over the Internet.

Baltimore e-security products are being used by Clearstream to help provide more cost effective and efficient electronic services to customers, partners and suppliers.

Baltimore SelectAccess empowers Clearstream to control who can access data online and to ensure customers are able to access only their own account information. In addition, Clearstream is using Baltimore UniCERT Public Key Infrastructure (PKI) system to issue digital certificates - digital forms of identification - to individuals authorised to transact online. Using the combination of SelectAccess and UniCERT, Clearstream can address their need for strong authentication of the individuals they conduct online business with and their need for fine-grained authorisation management.

"SelectAccess meets our requirements for fine-grained access control using a variety of authentication mechanisms and provides the flexibility and ease of use that will help us bring this new offering to market quickly," said Paul Rees, Manager IT Security Design and Technology of Clearstream Services. "SelectAccess combined with UniCERT ensures that we know who we are conducting business with and lets us provide customers with personalised information."

"Every organisation needs to put in place policy-based mechanisms to secure online assets as they open up their networks for e-business," said Robert Legge, Vice President of Business Development at Baltimore Technologies. "For Clearstream, Baltimore will provide a unified mechanism to manage the authentication of users and implement business rules to connect users to the appropriate applications and data. Secure extranet management reduces administrative costs; improves and personalises customer experiences through a single point of access; and eliminates the need to build redundant security systems into each application."

Using Baltimore's e-security technology, Clearstream can now ensure who accesses their corporate networks, where authorized individuals are allowed to go and which transactions they are allowed to conduct and what information is transferred in and out.

The combination of SelectAccess and UniCERT offers unparalleled ease of management, featuring intuitive drag and drop interfaces. Both solutions are also flexible, policy-driven and are based on open standards. In addition to digital certificates, SelectAccess supports multiple authentication methods, such as PINs and passwords, to meet the diverse needs of the market.

About Clearstream International 

Clearstream International is the largest international clearing and settlement organisation offering a comprehensive service for bonds and equities both domestic and cross-border. Its shareholders consist of the world's major financial institutions.

Clearstream International has three divisions - Clearstream Banking Frankfurt, Clearstream Banking Luxembourg and Clearstream Services. Clearstream Banking contains the core clearing and settlement business and is assigned short- and long-term ratings of A1+ and AA+ respectively by Standard and Poors and F1+ and AA+ respectively by Fitch IBCA.

Clearstream Services brings together the IT Development and Operations functions and provides securities processing services to the Clearstream Banking units and the industry. Clearstream Services is responding to increasing market demand for centralised securities processing, using a single IT system for clearing, settlement and custody based on the state-of-the-art system called Creation.

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, access and authorisation management solutions, wireless e-security, cryptographic toolkits, content security products, 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 partner 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 1200 people worldwide and operates from 38 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).

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

Baltimore Technologies, UniCERT and SelectAccess are all trademarks of Baltimore Technologies plc. All other trademarks are the property of their respective owners.

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.