Notice of ownership interest in CryptoLogic

Notice of ownership interest in CryptoLogic
ALL DOLLAR AMOUNTS IN US$



TORONTO, June 23  /PRNewswire-FirstCall/ -- CryptoLogic Inc., a leading
software developer to the global Internet gaming market, announced that on June
22, 2005 it received notification from Fidelity Management and Research Co., a
US investment fund, that the fund's interest in CryptoLogic was 1,394,200
common shares or approximately 10% of the Company's current shares outstanding.

About CryptoLogic(R) (http://www.cryptologic.com/)

Focused on integrity and innovation, CryptoLogic Inc. is the world's leading,
blue-chip public online gaming software developer and supplier. Its leadership
in regulatory compliance makes it one of the very few companies with gaming
software that is certified to strict standards similar to land-based gaming.
WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible
for the licensing of its gaming software and services to an
internationally-recognized blue chip customer base worldwide. For information
on WagerLogic(R), visit http://www.wagerlogic.com/.

CryptoLogic's common shares trade on the Toronto Stock Exchange (symbol: CRY),
on the Nasdaq National Market (symbol: CRYP), and on the Main Market of the
London Stock Exchange (symbol: CRP).

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

Statements in this press release which are not historical are forward- looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that all
forward-looking statements involve risks and uncertainties including, without
limitation, risks associated with the Company's financial condition and
prospects, legal risks associated with Internet gaming and risks of
governmental legislation and regulation, risks associated with market
acceptance and technological changes, risks associated with dependence on
licensees and key licensees, risks relating to international operations, risks
associated with competition and other risks detailed in the Company's filings
with securities regulatory authorities. These risks may cause results to differ
materially from those projected in the forward-looking statements. 

DATASOURCE: CryptoLogic Inc.



CONTACT: CryptoLogic, [phone], Nancy Chan-Palmateer, Director of

Communications; Argyle Rowland Communications, [phone], (media only);

Daniel Tisch, ext. 223, ; Karen Passmore, ext. 228,

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