Computer Modelling Group Ltd.

Computer Modelling Group Ltd.

July 11, 2008 09:00 ET

CMG Announces Stock Split

CALGARY, ALBERTA--(Marketwire - July 11, 2008) - Computer Modelling Group ("CMG") (TSX:CMG) announces that at CMG's Annual and Special Meeting of Shareholders held on July 10, 2008, it received all the necessary shareholder approvals to complete a stock split pursuant to which issued and outstanding common shares and non-voting shares of CMG will be subdivided on a two-for-one basis.

It is expected that the increased number of outstanding new common shares and non-voting shares resulting from the stock split (the "New Shares") will provide a greater opportunity for investors to become shareholders of CMG and increase liquidity in CMG's listed securities. CMG currently has 6,871,477 common shares and 1,674,517 non-voting shares issued and outstanding and will have 13,742,954 common shares and 3,349,034 non-voting shares issued and outstanding upon completion of the stock split. Each non-voting share is convertible at any time at the sole option of the holder into one common share of the Corporation for no additional consideration.

CMG shareholders of record on August 1, 2008 will receive one (1) additional New Share for every common share or non-voting share held. It is expected that certificates evidencing the New Shares issued pursuant to the stock split will be mailed to shareholders on or about August 7, 2008. No action is required to be taken by the shareholders.

CMG's name and trading symbol will not change as a result of the stock split. The common shares are expected to be posted for trading on the Toronto Stock Exchange on a post-stock split basis on July 30, 2008.

CMG is a computer software technology and consulting company serving the oil and gas industry. The Company recognized by oil and gas companies worldwide as a leading developer of reservoir modelling software, has sales and technical support services based in Calgary, Houston, London, Caracas and Dubai. CMG is the leading supplier of advanced processes reservoir modelling software in the world with a blue chip client base of international oil companies and technology centres in more than 40 countries. CMG's common shares are listed on the Toronto Stock Exchange and trade under the symbol CMG. For more information, please visit CMG's web site at

Forward Looking Statements: The reader should be aware that historical results are not necessarily indicative of future performance. Certain statements in this press release may constitute forward-looking statements, which can generally be identified as such because of the context of the statements including words such as the Company believes, anticipates, expects, plans, estimates or words of a similar nature. The forward-looking statements are based on current expectations and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information