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CryptoLogic Inc. - US Internet Gaming.

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| October 02, 2006 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From AFX CNF)

RNS Number:7609J CryptoLogic Inc. 02 October 2006 FOR IMMEDIATE RELEASE ALL FIGURES IN $US Symbol: TSX: CRY; NASDAQ: CRYP; LSE: CRP U.S. INTERNET GAMING LEGISLATION VALIDATES CRYPTOLOGIC'S GLOBAL STRATEGY Licensees will no longer take U.S. bets; after five years of planning, software provider well-positioned with revenue and customers based in world's most attractive e-gaming markets. October 2, 2006 (London, UK) - CryptoLogic Inc., a leading software developer to the global Internet gaming industry, announced that effective immediately licensees of WagerLogic Limited, the company's licensing subsidiary, will not take wagers from U.S.-based players. This is a result of new legislation expected to be signed today by President Bush that prohibits financial transaction processing in the U.S. online gaming market. The company has spent five years preparing for this eventuality by shifting…

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