CRYP Cryptologic Limited (MM)

CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a global developer of branded online betting games and Internet casino software, announced today that its board of directors has declared a quarterly dividend of US$0.01 per common share.

The dividend will be paid on December 15, 2009 to shareholders of record of CryptoLogic Limited and CryptoLogic Exchange Corporation as at December 1, 2009. The ex-dividend date will be November 27, 2009. For shareholders of CryptoLogic Limited, the dividend payment is subject to a 20% Irish withholding tax.

About CryptoLogic® (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a leading public developer and supplier of Internet gaming software. With more than 300 games, CryptoLogic has one of the most comprehensive casino suites on the Internet, with award-winning games featuring some of the world's most famous action and entertainment characters. The company's licensees include many top Internet gaming brands, including the "big four" international operators. CryptoLogic's leadership in regulatory compliance makes it one of the few companies with gaming software certified to strict standards similar to land-based gaming. WagerLogic® Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world. For information on WagerLogic, please 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).

Contacts: CryptoLogic Stephen Taylor Chief Financial Officer 353 (0) 1 234 0415 Argyle Communications Jason Graham (North American and gaming industry media) (416) 968-7311, ext 229 jgraham@argylecommunications.com Argyle Communications Daniel Tisch (North American and gaming industry media) (416) 968-7311, ext 223 dtisch@argylecommunications.com Corfin Communications Neil Thapar (UK media only) +44 207 977 0020 Corfin Communications Harry Chathli or Alexis Gore (UK media only) +44 207 977 0020