AGF Investments Inc.

Founded in 1957, AGF is one of Canada’s premier investment management companies with offices across Canada and subsidiaries around the world.

With approximately C$39 billion* in assets under management, AGF serves more than 1 million investors with diverse products and services.

AGF is proudly Canadian and fiercely independent. They value their independence and are committed to offering great products and services with outstanding client service. Today they have one of the broadest distribution platforms of any Canadian fund company.

AGF has exported its success and is now one of the most global Canadian fund companies. In addition to offices across Canada, AGF has international operations in London, Dublin, Singapore and Beijing.

*As at March 31, 2009

Investment philosophy

AGF bases its investment approach on 5 core investment principles:

1. Rigorous fundamental analysis
   The cornerstone of all investment decisions. Our research uses multiple valuation techniques and draws heavily on our proprietary research database.
2. Global perspective
   The globetrotting of our investment specialists is reinforced by a network of global contacts, and the world view from our Toronto, Dublin and Singapore offices.
3. A focus on longer-term trends
   We invest in durable businesses that have a strategic grasp of the future that can generate reliable and growing investment returns.
4. Innovative thinking
   Our corporate culture encourages every investment professional to excel on their own terms – individuality in a supportive collegial environment.
5. Risk controls
   An independent team of risk control analysts monitors performance and compliance with investment objectives and policies.

Investment process

The AGF’s equity team uses a multi-style, multi-disciplined investment approach to investment management. Their team diligently implements and executes a disciplined process to all their mandates. They consider stocks displaying these characteristics:

• Growth opportunities
• Financial flexibility
• Quality of management
• Competitive advantages
• Valuation

Management style

• Bottom-up
• Growth