Notice of ownership interest in CryptoLogic ALL DOLLAR AMOUNTS IN US$ TORONTO, June 23 /PRNewswire-FirstCall/ -- CryptoLogic Inc., a leading software developer to the global Internet gaming market, announced that on June 22, 2005 it received notification from Fidelity Management and Research Co., a US investment fund, that the fund's interest in CryptoLogic was 1,394,200 common shares or approximately 10% of the Company's current shares outstanding. About CryptoLogic(R) (http://www.cryptologic.com/) Focused on integrity and innovation, CryptoLogic Inc. is the world's leading, blue-chip 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 Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to an internationally-recognized blue chip customer base worldwide. For information on WagerLogic(R), visit http://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. DATASOURCE: CryptoLogic Inc. CONTACT: CryptoLogic, (416) 545-1455, Nancy Chan-Palmateer, Director of Communications; Argyle Rowland Communications, (416) 968-7311, (media only); Daniel Tisch, ext. 223, ; Karen Passmore, ext. 228,

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