CryptoLogic Inc. -- Invitation To Participate In Analyst Conference Call.

TORONTO--(BUSINESS WIRE)--July 22, 1999--

(TSE:CRY.)

Date:Tuesday July 27th, 1999
Time:4:30 p.m. EST
Dial-In Number:1-888-673-1385

Andrew Rivkin, President and CEO, and Mark Rivkin, Executive Vice President and COO of CryptoLogic Inc., cordially invite you to participate in the Company's analyst conference call. Management will briefly review the financial results and performance for the second quarter of 1999. Management's comments will be followed by a question and answer period.

CryptoLogic Inc. is a software development company with leading proprietary technology enabling secure, reliable, high-speed private financial transactions over the Internet. CryptoLogic continues to innovate and develop state of the art Internet software applications for both electronic commerce and Internet gaming.

To participate in the call, please dial 1-888-673-1385 approximately 5 minutes before the scheduled starting time. To participate in the question and answer period following management's comments, press the "1" key on your telephone pad, followed by the "4" key. You will be held in priority sequence. If your question has already been answered and you wish to decline from the polling process, press the "1" key followed by the "3" key. If you are accidentally disconnected from the call, you may re-dial the bridge at 1-888-673-1385. If you encounter any difficulties during the call, please hang up and call the Confertech Help Line at 1-800-267-5196.

For those who are unable to participate in the scheduled conference call, a rebroadcast will be available from approximately one hour after the completion of the call, up until midnight, July30th, 1999. To listen to the rebroadcast, please call 1-800-558-5253 and then enter the reservation number 12812498 following the instructions given.

We hope you will be able to participate.