Littlewoods Extend Agreement

RNS Number:7495P
CryptoLogic Inc.
15 September 2003

FOR IMMEDIATE RELEASE
ALL DOLLAR AMOUNTS IN US$
Symbol: TSX: CRY; NASDAQ: CRYP; LSE: CRP


CRYPTOLOGIC & LITTLEWOODS GAMING BUILD LONG-TERM RELATIONSHIP WITH EXTENDED
AGREEMENT & EXPANDED GAME OFFERING

Five-year exclusive agreement expands major UK customer into large, emerging
online poker market



September 15, 2003 (Toronto, ON) - CryptoLogic Inc., a leading software
developer to the Internet gaming and e-commerce industries, announced today that
it has extended its relationship with current customer, Littlewoods Gaming - a
major household name in the UK.  Littlewoods has committed to a five-year
exclusive agreement, conditional upon performance targets after the second year,
with CryptoLogic's subsidiary, WagerLogic Limited.  Littlewoods will continue to
use WagerLogic's online casino offering and expand the agreement to add
WagerLogic's sophisticated online poker solution, both until 2008.



"We are delighted to continue to build on our relationship with Littlewoods
Gaming and add another strong international brand name to our growing poker
customer list," said Lewis Rose, CryptoLogic's President and CEO.  "We have
successfully worked with Littlewoods to establish their online casino business.
By leveraging the power of Littlewoods' brand, its substantial database and now
also our exciting poker technology, we expect Littlewoods to achieve further
growth."



Today's announcement highlights another existing major UK customer that has
renewed its trust in and commitment to WagerLogic.  Littlewoods Gaming is owned
by London-listed Sportech PLC, and boasts an 80-year gaming history. The
extended contract will enable Littlewoods' players to enjoy a broader range of
games including one of the world's most popular card games - live
player-to-player poker.



"CryptoLogic continues to be the best choice for Littlewoods Gaming," said Peter
Cuffe, Director of Interactive Media, Littlewoods Gaming.  "Their proven
expertise was a key element in enabling an excellent launch of
Littlewoodscasino.com, one of the premier casino venues on the Internet.  In
addition, they worked closely with us to successfully complete the transfer of
our online casino to the Netherlands Antilles this month.  WagerLogic's leading
poker solution will allow us to expand into a large and exciting market, and
offer our customers an enhanced gaming experience."



The United Kingdom is emerging as the global center of regulated interactive
gaming.  Littlewoods is among some of the most prominent names in online and
land-based gaming in the UK that relies on CryptoLogic-developed software.  This
strong roster of UK-based customers and local operations along with
CryptoLogic's just announced listing on the London Stock Exchange, reinforce the
company's strong presence and focus on this dynamic growth region.





About CryptoLogic (www.cryptologic.com)

CryptoLogic Inc. is a leading software and services provider to the worldwide
Internet gaming market.  The company's proprietary technologies enable secure,
high-speed financial transactions over the Internet, and its leadership in
regulatory compliance makes it one of very few companies in the world 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 client base.  In addition to a broad
product portfolio of more than 80 casino games, bingo and multi-player poker,
the company offers integrated e-cash management and customer care services in
multi-currencies and multi-languages for a total online gaming solution.



CryptoLogic's common shares trade on the Toronto Stock Exchange under the symbol
CRY, on the Nasdaq National Market under the symbol CRYP, and on the London
Stock Exchange under the symbol CRP.  There are currently 12.2 million common
shares outstanding (12.4 million shares on a diluted basis, based on the
treasury method).



About Littlewoods Gaming

A dominant force within the home gaming industry, and most famous for its
Littlewoods Football Pools, Littlewoods Gaming has drawn upon over 80 years of
experience to develop a portfolio of brands that are leading the way in
entertainment-based gaming.  Harnessing the latest interactive TV and Internet
technologies, Littlewoods Gaming provides a mix of betting and gaming solutions
for the mass market.



The Littlewoods Gaming portfolio of products includes: football pools and
football games, sports betting, charity lotteries and casino and entertainment
games.  These products are accessed by over 1.7 million customers via a series
of channels including the Internet, iDTV, telephone, retail outlets and a UK
wide collector network.



Littlewoods Gaming is owned by Sportech PLC, which has a full listing on the
London Stock Exchange and recorded a turnover of #195.3 million for the year
ended 31 December 2002.



For more information, please contact:


CryptoLogic, [phone]                              Financial Dynamics, 44 20 7831 3113 (United Kingdom media)

Nancy Chan-Palmateer, Director, Communications                                                        Juliet Clarke
Jim Ryan, Chief Financial Officer                                                                    Edward Bridges

                                                             Argyle Rowland,  [phone] (North American media)
                                                                       Daniel Tisch, 223 / [e-mail]
                                                                Melissa Chang, ext. 239 / [e-mail]



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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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