Computer Modelling Group Announces Amendment of Stock Option Plan

Computer Modelling Group Ltd. (TSX:CMG) (CMG or the Company) today announced
that further to its distribution of the management information circular (the
Circular) to shareholders of CMG in relation to the annual meeting of
shareholders (the Meeting), the Company has been involved in discussions with,
and has received suggestions from Institutional Shareholder Services Canada
(ISS), a proxy voting advisory and corporate governance services firm, with
respect to amending the amendment provision contained in CMG's Amended and
Restated Stock Option Plan (2014) (the Plan) so that it conforms with ISS's
current guidelines. Having considered the views of ISS, the Company has
determined to amend the amendment provision contained in its Plan. The amendment
of the Plan is subject to receipt of regulatory approval. 


Based on the amendments made to the Plan, we expect ISS to issue an updated
alert whereby it will recommend shareholders of the Company to vote FOR the
resolution seeking approval of unallocated options, as more fully described
under the item "Special Business" on page 12 of the Circular. The revised
version of the Plan will be filed on SEDAR including a black-lined version, and
will be available to shareholders at the Meeting and upon request to the
Vice-President, Finance and CFO of the Corporation.


FORWARD LOOKING INFORMATION 

This news release contains forward-looking statements that involve substantial
known and unknown risks and uncertainties. These forward-looking statements are
identified by their use of terms and phrases such as "anticipate", "achievable",
"believe", "expect", "estimate", "plan", "intend", "project", "may", "should",
"could", "predict", "will", or similar words suggesting future outcomes or
language suggesting an outlook. Forward-looking statements and information are
based on CMG's current beliefs as well as assumptions made by and information
currently available to CMG. Although management of CMG considers these
assumptions to be reasonable based on information currently available to it,
they may prove to be incorrect. Forward-looking statements are subject to many
external variables and risks that are beyond CMG's control, including but not
limited to the fact that there is no guarantee that ISS will issue a favourable
voting recommendation following the Company's amendment of the Plan as per ISS's
current guidelines.


About Computer Modelling Group Ltd. 

Computer Modelling Group Ltd. is a computer software technology and consulting
company serving the oil and gas industry. CMG, recognized by oil and gas
companies worldwide as a leading developer of reservoir modelling software, has
sales and technical support services based in Calgary, Houston, London, Caracas,
Dubai, Bogota and Kuala Lumpur. CMG is the leading supplier of advanced
processes reservoir modelling software in the world with a blue chip client base
of international oil companies and technology centers in over 50 countries. The
Company's shares are listed on the Toronto Stock Exchange under the trading
symbol "CMG."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Computer Modelling Group Ltd.
Kenneth M. Dedeluk
President & CEO
[phone]
[e-mail]


Computer Modelling Group Ltd.
Sandra Balic
Vice President, Finance & CFO
[phone]
[e-mail]
www.cmgl.ca