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Press release from Marketwire

Computer Modelling Group Declares Quarterly and Special Dividends

Wednesday, May 19, 2010

Computer Modelling Group Declares Quarterly and Special Dividends14:27 EDT Wednesday, May 19, 2010CALGARY, ALBERTA--(Marketwire - May 19, 2010) - Computer Modelling Group Ltd. ("CMG" or the "Company") (TSX:CMG) announces a quarterly dividend to $0.18 per share on CMG's Common and Non-Voting Shares. In addition, as a result of the exceptional financial performance that the company achieved in its fiscal year ended March 31, 2010, CMG also declares a special dividend of $0.17 per share on CMG's Common and Non-Voting Shares. The combined quarterly and special dividends of $0.35 per share will be paid on June 15, 2010 to shareholders of record at the close of business on June 7, 2010.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 and Dubai. 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 approximately 50 countries. The Company's shares are listed on the Toronto Stock Exchange under the trading symbol "CMG."All dividends paid by Computer Modelling Group Ltd. to holders of Common Shares and Non-Voting Shares in the capital of Computer Modelling Group Ltd. will be treated as eligible dividends within the meaning of such term in section 89(1) of the Income Tax Act (Canada), unless otherwise indicated.FOR FURTHER INFORMATION PLEASE CONTACT: Computer Modelling Group Ltd. Kenneth M. Dedeluk President & CEO (403) 531-1300 or Computer Modelling Group Ltd. John Kalman Vice President, Finance & CFO (403) 531-1300