AGF Appoints G. Wayne Squibb To Two Company Boards

Real Estate Entrepreneur Joins Management Limited and Trust Boards

TORONTO , Dec. 10 /CNW/ - Blake C. Goldring, Chairman and Chief Executive Officer of AGF Management Limited, is pleased to announce the appointment of G. Wayne Squibb as director of the boards of AGF Management Limited and AGF Trust Company.

"As a seasoned business executive, Wayne brings a diverse, broad-based set of skills and entrepreneurial experience that will further strengthen our boards at AGF," said Mr. Goldring . "His background in real estate and banking, as well as his expertise in the international arena and his commitment to the community are all traits we respect."

Mr. Squibb is President and CEO of Realstar Group, a private Toronto-based company he co-founded in 1973. Realstar has under management approximately $6 billion of real estate assets, primarily in North America and Europe . The portfolio includes two of Canada's largest multi-family and residential land lease portfolios. As well, it holds the Canadian master franchises for Days Inn and Motel 6. In the United Kingdom , Realstar operates one of the country's largest hotel companies as well as a portfolio of healthcare centres and other investments. Prior to Realstar, Mr. Squibb held a senior role with a major Canadian bank.

In addition to serving on several public and private company boards, Mr. Squibb is active in the community at large. He is a governor of both the University of New Brunswick and Royal St. George's College, director of Sunnybrook Health Sciences Centre, the Sony Centre for the Performing Arts, and the T.R. Meighen Family Foundation. He is also a member of the Toronto Community Foundation Board of Advisors.

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.

For further information: Lucy Becker, Vice-President, Public Relations & Public Affairs, [phone], [email protected]; Susan Yellin, Director, Public Relations & Public Affairs, [phone], [email protected]