Computer Modelling Group Ltd.

Computer Modelling Group Ltd.

May 25, 2005 16:47 ET

Computer Modelling Group Declares Quarterly and Special Dividends

CALGARY, ALBERTA--(CCNMatthews - May 25, 2005) - Computer Modelling Group Ltd. (TSX:CMG) ("CMG") today announced a 25% increase in its quarterly dividend to five cents Canadian (CAN $0.05) per share on CMG's common and non-voting shares. In addition, CMG declared a special dividend of twenty cents Canadian (CAN $0.20) per share, on CMG's common and non-voting shares. Both the quarterly and the special dividends will be paid on June 15, 2005 to shareholders of record at the close of business on June 6, 2005.

"While CMG has paid quarterly dividends since March 2004, this is the first special dividend paid by CMG and demonstrates our commitment to pass on to shareholders directly the benefits of the financial success which the Company has experienced in the past fiscal year," said Ken Dedeluk, President and Chief Executive Officer. "We have valued our shareholders' confidence in our Company over the years and will continue to seek opportunities to increase the financial strength of the Company and deliver value to our shareholders".

Computer Modelling Group Ltd. 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, Beijing, London, and Caracas. 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 centers in 42 countries. The Company's shares are listed on the Toronto Stock Exchange under the trading symbol "CMG".

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.

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