Computer modeling group declares quarterly dividend

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CALGARY, Alberta, May 18, 2022 (GLOBE NEWSWIRE) — The Computer Modeling Group Ltd. Board of Directors. (“CMG” or the “Company”) announces a dividend of $0.05 per common share on the common shares of CMG. The dividend will be paid on June 15, 2022 to shareholders of record at the close of business on June 7, 2022.

Computer Modeling Group Ltd. is a technology and computer software consulting company serving the energy industry. The Company is a leading provider of advanced process reservoir modeling software, with a diverse customer base of international oil companies and technology centers in approximately 60 countries. CMG’s existing technology has differentiating capabilities built into its software products that can also be directly applied to the energy transition needs of its customers. CMG has sales and technical support departments based in Calgary, Houston, London, Dubai, Bogota and Kuala Lumpur. The Company’s shares are listed on the Toronto Stock Exchange under the symbol “CMG”.

All dividends paid by Computer Modeling Group Ltd. to holders of ordinary shares in the capital of Computer Modeling Group Ltd. will be treated as eligible dividends within the meaning of that term in Section 89(1) of the Income Tax Act (Canada), unless otherwise specified.

For more information, please contact:

Pramod Jain
Chief executive officer
(403) 531-1300
[email protected]

or

Sandra Balic
Vice President, Finance and Chief Financial Officer
(403) 531-1300
[email protected]

www.cmgl.ca

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