AGF Makes Early Warning Report

    TORONTO, Feb. 11 /CNW/ - AGF Funds Inc. ("AGF") today announced that as a
result of a reduction in the fully diluted outstanding shares caused by the
expiration of warrants, AGF, on behalf of its clients, now has direction over:

    -  11,333,700 shares and 3,750,000 warrants (or 11.6% of the outstanding
       shares calculated on a fully diluted basis) of Sustainable Energy
       Technologies (V.STG).

    The expiration of warrants resulted from a corporate action and it is not
AGF's intention to influence the control or direction of Sustainable Energy
Technologies (V.STG).

    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 more than 50 mutual
funds, the evolutionary AGF Elements portfolios, the Harmony asset management
program, AGF Asset Management Group services for institutional and
high-net-worth clients, as well as AGF Trust GICs, loans and mortgages. With
approximately $33.7 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:

For further information: Martin Hubbes, Executive Vice-President and
Chief Investment Officer, AGF Funds Inc., (416) 367-1900

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