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Cryptologic Joins TSE 300 Index

Standard & Poor's Canadian Index Operations has added the company to the TSE 300 Composite in the Industrial Products Group and to the S&P/TSE Canadian SmallCap in the information technology sector.

"This is an exciting milestone in CryptoLogic's growth," said Andrew Rivkin, CryptoLogic's president and CEO. "We see this as a validation of CryptoLogic's strategy of developing leading Internet gaming software and licensing it to reputable brand name operators in regulated environments around the world."

Since entering the Internet gaming software market in 1996, CryptoLogic has enjoyed significant growth and profitability. The company's software has been used by over 500,000 people in 240 countries, and CryptoLogic has processed secure electronic transactions worth more than $4 billion.

Industry analysts continue to forecast rapid growth for the global on-line gaming market in the years ahead, and CryptoLogic is well positioned to capitalize on this demand.

About CryptoLogic CryptoLogic Inc. is the leading software development company serving the Internet gaming market. The company's proprietary technologies enable secure, high-speed financial transactions over the Internet. CryptoLogic continues to innovate and develop state of the art Internet software applications for both the electronic commerce and Internet gaming industries.

CryptoLogic's common shares trade on the Toronto Stock Exchange under symbol the CRY and on the Nasdaq National Market under the symbol CRYP. There are currently 14.4 million common shares outstanding (15.6 million shares fully diluted).

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