On December 2, 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 January 21, 2010 to shareholders of record on January 11, 2010.

About AGF Management Limited
AGF Management Limited is one of Canada's premier investment solutions firms 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 private clients, as well as AGF Trust GICs, loans and mortgages. With approximately $44.6 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
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, Public Relations and Public Affairs
416-865-4284, lucy.becker@AGF.com