Mr. Pramod Jain reports

COMPUTER MODELLING GROUP DECLARES QUARTERLY DIVIDEND

The board of directors of Computer Modelling Group Ltd. has declared a dividend of five cents per common share on CMG Group's common shares. The dividend will be paid on March 15, 2024, to shareholders of record at the close of business on March 7, 2024.

About Computer Modelling Group Ltd.

CMG Group (TSX: CMG) is a global software and consulting company that combines science and technology with deep industry expertise to solve complex subsurface and surface challenges for the new energy industry around the world. The company is headquartered in Calgary, Alta., with offices in Houston, Oxford, Dubai, Bogota, Rio de Janeiro, Bengaluru, Kuala Lumpur and Oslo.

All dividends paid by Computer Modelling Group to holders of Common Shares in the capital of Computer Modelling Group 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.