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November 30, 2010

AGF Management Ltd. acquires Acuity Funds Ltd. and Acuity Investment Management Inc.

AGF Management Ltd. (“AGF”) announced that it has entered into a definitive Purchase and Sale Agreement to acquire all of the outstanding shares of Acuity Funds Ltd. and Acuity Investment Management Inc. (“Acuity”) for aggregate gross proceeds of approximately $325 million. At the time of the acquisition, Acuity had aggregate assets under management of approximately $7.4 billion.

Wildeboer Dellelce LLP acted for certain minority shareholders of Acuity in the sale of their interests and settling employment arrangements with AGF, with a team which included Ronald Schwass and Rory Cattanach (corporate) and Kevin Fritz (tax).