AGF Management Limited Declares Dividend

    TORONTO, June 27 /CNW/ - The Board of Directors of AGF Management Limited
(AGF) yesterday declared a 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 July 20, 2007 to shareholders of
record on July 10, 2007.

    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 Institutional Account
Services, Private Client Products, and AGF Trust GICs, loans and mortgages.
With approximately $56 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: contact Adrian Basaraba, Vice President,
Finance & Investor Relations,, (416) 865-4203

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