CryptoLogic Inc.

CryptoLogic Inc.

March 21, 2005 06:00 ET

CryptoLogic Added to S&P/TSX Composite Index


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CRYPTOLOGIC INC.

TSX SYMBOL: CRY
NASDAQ SYMBOL: CRYP
LSE SYMBOL: CRP

MARCH 21, 2005 - 06:00 ET

CryptoLogic Added to S&P/TSX Composite Index

TORONTO, ONTARIO--(CCNMatthews - March 21, 2005) - CryptoLogic Inc.
(TSX:CRY)(NASDAQ:CRYP)(LSE:CRP), a leading software developer to the
global Internet gaming market, announced today that the company has
joined the S&P/TSX Indices effective the close of business on Friday,
March 18, 2005. Standard & Poor's has added CryptoLogic to the main
S&P/TSX Composite Index and to the S&P/TSX SmallCap Index in the
information technology sector.

"We are delighted that CryptoLogic has been included in the S&P/TSX
Composite Index," said Lewis Rose, CryptoLogic's President and CEO. "Our
addition to this premier benchmark for the Canadian equity markets
reflects CryptoLogic's market strength and exciting growth."

About CryptoLogic® (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Inc. is the world's
largest public online gaming software developer and supplier. Its
leadership in regulatory compliance makes it one of the very few
companies with gaming software that is certified to strict standards
similar to land-based gaming. WagerLogic Ltd., a wholly-owned subsidiary
of CryptoLogic, is responsible for the licensing of its gaming software
and services to customers worldwide. For information on WagerLogic®,
visit www.wagerlogic.com.

CryptoLogic's common shares trade on the Toronto Stock Exchange
(symbol:CRY), on the Nasdaq National Market (symbol:CRYP), and on the
Main Market of the London Stock Exchange (symbol:CRP).

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

Statements in this press release, which are not historical are
forward-looking statements made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Investors are
cautioned that all forward-looking statements involve risks and
uncertainties including, without limitation, risks associated with the
Company's financial condition and prospects, legal risks associated with
Internet gaming and risks of governmental legislation and regulation,
risks associated with market acceptance and technological changes, risks
associated with dependence on licensees and key licensees, risks
relating to international operations, risks associated with competition
and other risks detailed in the Company's filings with securities
regulatory authorities. These risks may cause results to differ
materially from those projected in the forward-looking statements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    CryptoLogic
    Nancy Chan-Palmateer
    Director of Communications
    (416) 545-1455
    or
    Argyle Rowland
    Karen Passmore
    (Media)
    (416) 968-7311 ext. 228
    kpassmore@argylerowland.com