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Computer Modelling Group Declares Quarterly Dividend


These translations are done via Google Translate

FOR: COMPUTER MODELLING GROUP LTD.
TSX SYMBOL: CMG

Date issue: May 18, 2017
Time in: 3:55 PM e

Attention:

CALGARY, ALBERTA--(Marketwired - May 18, 2017) - The Board of Directors of Computer Modelling Group Ltd. (TSX:CMG) ("CMG" or the "Company") announces a dividend of $0.10 per Common Share on CMG's Common Shares. The dividend will be paid on June 15, 2017 to shareholders of record at the close of business on June 7, 2017.

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, Dubai, Bogota, and Kuala Lumpur. 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 60 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 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.

- END RELEASE - 18/05/2017

For further information:
Kenneth M. Dedeluk
President & CEO
(403) 531-1300
ken.dedeluk@cmgl.ca
OR
Sandra Balic
Vice President, Finance & CFO
(403) 531-1300
sandra.balic@cmgl.ca
www.cmgl.ca

COMPANY:
FOR: COMPUTER MODELLING GROUP LTD.
TSX SYMBOL: CMG

INDUSTRY: Computers and Software - Software, Energy and Utilities -
Equipment
RELEASE ID: 20170518CC0084

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization issuing the release, not to The Canadian Press.



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