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Press release from CNW Group

Normal Course Issuer Bid

Friday, August 24, 2012

Normal Course Issuer Bid16:45 EDT Friday, August 24, 2012TORONTO, Aug. 24, 2012 /CNW/ - AGF Management Limited ("AGF") announced today the addition of an automatic purchase plan to AGF's normal course issuer bid program.  The automatic purchase plan allows for purchases by AGF of its Class B Non-Voting Shares during certain pre-determined black-out periods, subject to certain parameters. Outside of these pre-determined black-out periods, shares will be purchased in accordance with management's discretion.  The normal course issuer bid program commenced on January 27, 2012 and will expire on January 26, 2013.About AGF Management LimitedAGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. With over $41 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.SOURCE: AGFFor further information: Contact: Robert J. Bogart, CPA Executive Vice-President and Chief Financial Officer 416-865-4264, bob.bogart@agf.com Michael Clabby Vice-President, Investor Relations and Corporate Development 416-815-6275, michael.clabby@agf.com