Toronto, ON — CryptoLogic Inc., a leading software supplier to the Internet gaming and e-commerce industries, is pleased to announce that it has again broadened its slate of industry leading gaming software with the launch of CryptoLogic Bingo and the release of German, Spanish and Japanese versions of its dowloadable casino software.

CRYPTOLOGIC BINGO

CryptoLogic has put a brand new face on an age old favourite with the announcement that Bingo is now live with its first licensee, InterBingo (www.interbingo.com). CryptoLogic Bingo has an upscale look-and-feel that sets it apart in the marketplace and has won rave reviews with testers and licensees alike.

“A great deal of effort has gone in to creating a product that gives Bingo a fresh new look that we’re confident will have broad market appeal,” said Jean Noelting, President and CEO. “CryptoLogic Bingo represents the next phase in our strategy of leadership in a broad range of vertical gaming markets to meet the needs of licensees and players looking for a variety of entertainment options.”

Emulating the traditional 75-number Bingo game played in Bingo halls around the world, CryptoLogic Bingo offers five play-for-money halls and one play-for-fun hall, with themes customizable to the preference of each licensee.

Backed by the Company’s proven technological excellence, CryptoLogic Bingo offers all the features of a live bingo hall and more, including a Card Minder option to help players keep track of their card strips, and AutoDab that allows the computer to dab players’ cards for them.

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LOCALIZED CASINO PRODUCTS

In line with its strategy of creating market-driven products, CryptoLogic is pleased to announce the expansion of language and currency support in its Version 4 Plus casino software. Now available are localized versions in German for play in euros, Spanish for play in euros or US dollars and Japanese for play in US dollars. Chinese, French and Italian versions are currently in development, and are scheduled for release later this year.

“As the popularity of Internet gaming grows around the world, players are becoming more discerning, and demand the ability to play in the language and currency of their choice,” Noelting added. “CryptoLogic’s localization initiatives provide licensees with the tools they need to help grow their businesses in markets around the world.”

ANNUAL MEETING OF SHAREHOLDERS

As a reminder, CryptoLogic’s Annual and Slot Online Special Meeting of Shareholders will be held today, May 30, 2002, at 4:30 p.m. Toronto time at the Sheraton Centre Toronto Hotel, Essex Ballroom, Mezzanine Level, 123 Queen Street West, Toronto, Ontario.

UK Portal Debuts with Free World Cup Bets

VANCOUVER, CANADA — Winneronline.com, the Net’s largest and most respected Internet gambling portal, today announced the launch of its new UK site: Winneronline.co.uk (www.winneronline.co.uk).

To celebrate the launch, Winneronline has partnered with FreeWorldCupBets.com (www.freeworldcupbets.com) to offer visitors free bets on World Cup 2002 with three of the World’s leading online bookmakers.

Winneronline.co.uk offers punters in the UK and throughout Europe a fast and easy way to locate reputable Internet casinos and bookmakers that accept wagers in Pounds Sterling and Euros. Only established, respected companies offering secure Internet betting in British Pounds and Euros are featured on the site. Featured sites include William Hill Online Casino, InterCasino and Victor Chandler’s The Spin Room.