AGF Management Limited Declares Dividend

    TORONTO, March 28 /CNW/ - As announced on January 31, 2007, the Board of
Directors of AGF Management Limited ("AGF") declared an eligible dividend of
twenty cents (20 cents) per share on the Class B Non-Voting Shares and on the
Class A Common Voting Shares of the Corporation. This dividend will be payable
on April 20, 2007 to shareholders of record on April 10, 2007. This represents
an increase of 11 per cent from the eighteen cent (18 cent) eligible dividend
declared on December 5, 2006.

    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. 2007
marks AGF's 50th anniversary of providing Canadians with innovative investment
solutions across the wealth continuum. 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 Private Investment
Management, Institutional Account Services and AGF Trust GICs, loans and
mortgages. With approximately $52 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: Adrian Basaraba, Vice President, Finance and
Investor Relations, (416) 865-4203,

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