AGF Management Limited Issues Statement On Share Price

    TORONTO, April 16 /CNW/ - AGF Management Limited is responding to a
request from the Investment Industry Regulatory Organization of Canada (IIROC)
on behalf of the Toronto Stock Exchange following recent trading activity of
its AGF.B shares.
    "In light of recent trading activity of AGF.B shares on the Toronto Stock
Exchange, AGF is not aware of any reason to explain recent changes in the
price of the firm's stock. On April 14, 2009, AGF Management Limited announced
the passing of its co-founder C. Warren Goldring. AGF wants to make it clear
that issues relating to the estate and the leadership transition at AGF
Management Limited were completed a number of years ago. It is also our policy
not to comment on rumours or speculation and for this reason, as well as out
of respect for the family, we will not comment any further."

    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 award-winning mutual
funds, 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 $34.5
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: Analysts, please contact: Greg Henderson, CA,
Senior Vice President and Chief Financial Officer, (416) 865-4156,; Media, please contact: Lucy Becker, Vice-President,
Corporate Communications, (416) 865-4284,

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