On June 23, 2009, the Board of Directors of AGF Management Limited (AGF) declared a dividend of $0.25 per share on both the Class B non-voting shares and the Class A common voting shares of the Company. This dividend will be payable on July 20, 2009 to shareholders of record on July 9, 2009.

About AGF Management Limited
AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. AGF's products and services include a diversified family of award-winning mutual funds, AGF Elements portfolios, the Harmony asset management program, services for institutional and high-net-worth clients, as well as AGF Trust GICs, loans and mortgages. With approximately $37.4 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol "AGF.B".

AGF Management Limited shareholders and analysts, please contact:
Greg Henderson, CA
Senior Vice President and Chief Financial Officer
AGF Management Ltd.
416-865-4156
greg.henderson@agf.com

Deirdre Neary
Director, Investor Relations
416-815-6268
deirdre.neary@AGF.com

Media, please contact:
Lucy Becker
Vice-President, Corporate Communications
416-865-4284
lucy.becker@AGF.com