SOURCE: Press Release

(Dublin, Ireland) — CryptoLogic Ltd., a world leader in Internet gaming software, announced today the appointment of Stephen Freedhoff to the company’s board of directors.

Mr. Freedhoff, a chartered accountant and certified financial planner, is very familiar with CryptoLogic, having previously served the company as a director and chairman of the audit committee.

Mr. Freedhoff brings CryptoLogic more than 30 years’ experience as a partner at one of Canada’s largest accounting firms.

He assumes the independent director position previously held by Brian Hadfield, who was appointed president and CEO of CryptoLogic last week.

“Stephen Freedhoff will help provide both insight and oversight as CryptoLogic pursues its strategy of global growth — while ensuring accountability and value for our shareholders,” said Bob Stikeman, CryptoLogic’s Chairman.

“Stephen knows both our company and our industry very well, and having him return to our team reflects our mutual commitment to the highest standards of governance.”

Mr. Freedhoff, a self-employed financial consultant since 1999, has served on the boards and audit committees of several public companies.