FORM 6-K


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                        Report of Foreign Private Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934


                                  05 July 2004





                           BALTIMORE TECHNOLOGIES PLC
                               (Registrant's name)





           Baltimore Technologies plc, Innovation House, Mark Road
                 Hemel Hempstead, Herts, HP2 7DN, United Kingdom
                    (Address of principal executive offices)



Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or 40-F.


                  Form 20-F _____X_____    Form 40-F _________

Indicate by check mark whether the  registrant by furnishing  the  information
contained in this Form is also thereby  furnishing  the information to the
Commission pursuant to Rule 12g3(b) under the Securities Act of 1934.


                         Yes _________    No _____X_____


If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with rule 12g3-2(b).



                                  EXHIBIT INDEX


Press Release regarding AGM Statement dated 05 July 2004





                           Baltimore Technologies plc

                               AGM Trading Update

London, UK - 5 July 2004. The Board of Baltimore Technologies PLC ("Baltimore")
will today provide the following update at its Annual General Meeting.

"As highlighted in our letter to shareholders of 5 December 2003, the current
management team has been focussing on the resolution of the complex legacy of
Baltimore's global, legal, tax and property issues, which still comprise more
than twenty subsidiaries worldwide. Whilst we have made some progress, the
structure of the company remains complex and costly, and significant work
remains to be completed.

"The profit and loss account of the group for the first six months has been
dominated by a number of non recurring charges relating to the resolution of
these legacy issues and to redundancy, development of the green energy strategy,
foreign exchange losses and the costs associated with two EGMs requisitioned by
Acquisitor. Both EGMs have disrupted the ongoing work in relation to the legacy
issues. An exceptional gain will be recorded in respect of the sale of deferred
tax assets through the disposal of Baltimore Technologies Investments Limited as
announced on 26 May 2004.

"Based on the unaudited management accounts to the end of May, and the same
accounting assumptions used at year end, the Board's present expectation is that
the net impact of all of these matters is likely to result in a moderate
reduction in the group's net asset value compared to the position reported at 31
December 2003. The group's net asset value does not include any amounts in
relation to either realised, or unrealised, unrecognised capital losses.

"This will have no impact on the Board's proposals in relation to the special
dividend to be considered later at this AGM/EGM.

"Full details will be provided in the interim statement which is expected to be
issued in September.

"The current Board remains focussed on simplifying the corporate structure as
well as crystallising value for shareholders, as outlined in our communication
to shareholders of 5 December 2003."

                                    - ENDS -
For further information:

Smithfield                020 7360 4900
Andrew Hey
Will Swan


                                   SIGNATURES


Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                Baltimore Technologies plc





                By:

                Name:       Alfredo Goyanes
                Title:      Company Secretary




Date: 05 July 2004