CALGARY, ALBERTA–(EMWNews – Aug. 6, 2008) – Computer Modelling Group Ltd. (“CMG”) (TSX:CMG) today announced a 20% increase in its quarterly dividend to twelve cents ($0.12) per share on CMG’s Common and Non-Voting Shares. The dividend will be paid on September 15, 2008 to shareholders of record at the close of business on September 2, 2008.

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 over 40 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.

Forward Looking Statements: The reader should be aware that historical results are not necessarily indicative of future performance. Certain statements in this press release may constitute forward-looking statements, which can generally be identified as such because of the context of the statements including words such as the Company believes, anticipates, expects, plans, estimates or words of a similar nature. The forward-looking statements are based on current expectations and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.