CRYPTOLOGIC EARNS INDUSTRY’S TOP CASINO SOFTWARE HONOURS FOR THIRD CONSECUTIVE YEAR

Top Casino Software Award voted on by thousands of players worldwide

February 19, 2008 (Dublin, IRELAND, and Toronto, CANADA) – For the third consecutive year, CryptoLogic Ltd. has captured Gambling Online Magazine’s Top Casino Software Award for world-class software. The award, based on the votes of thousands of readers, players and website visitors, is widely recognized as the industry’s top honour. CryptoLogic was recognized for its innovative gaming software, revolutionary gaming concepts and spectacular graphics delivered through its wholly-owned subsidiary, WagerLogicLimited.

“CryptoLogic has always focused on delivering the ultimate online entertainment experience to players around the world, and to receive this kind of validation means our strategy is paying off,” said Javaid Aziz, CryptoLogic’s President and CEO. “With our ground-breaking innovation and partnerships with the world’s biggest gaming and entertainment brands, we’re exceeding the needs of today’s online players — which translates into more satisfied players on our customers’ sites.”

CryptoLogic has introduced some of the most popular games in the industry, including fan favourites Bejeweled, Jewel Quest, and the first-ever version of Multi-Hand Video Blackjack, a game that combines the excitement and action of Video Poker with the world’s most popular casino game. CryptoLogic also delivered the exclusive online slot version of Cubis, the award-winning, visually stunning 3D puzzle game, and its patented Millionaires Club, which boasts the highest jackpot payout in online history.

“CryptoLogic’s award-winning casino lineup delivers big-screen excitement, stunning graphics, amazing bonus rounds and impressive prize pots — in pounds, Euros or dollars,” added Justin Thouin, CryptoLogic’s Vice President, Product Management and Business Development.

With more than 280 games in its online casino suite — and more than 100 games launched since 2004 alone — CryptoLogic has one of the most comprehensive casino gaming suites on the Internet.

About CryptoLogic (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a world-leading, blue-chip public developer and supplier of Internet gaming software. 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 blue-chip customers who offer their games around the world to non-U.S. based players.  For information on WagerLogic, visit www.wagerlogic.com.

CryptoLogic’s common shares trade on the Toronto Stock Exchange (CRY, CXY), the NASDAQ Global Select Market (CRYP) and the Main Market of the London Stock Exchange (CRP).

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