AGF Management Limited Declares Dividend

    TORONTO, Sept. 26 /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 October 22, 2007 to
shareholders of record on October 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 $54 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: Greg Henderson, Senior Vice President & Chief
Financial Officer,, (416) 865-4156

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