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Citi Awarded Mandate to Provide Securities Lending Services for AGF

New York - October 7, 2011 – Citi today announced that it has recently implemented securities lending services for AGF’s retail mutual funds in Canada. This represents an expansion of the company’s existing long-term relationship with AGF, which includes fund administration, fund accounting, transfer agency and custody services.

"We are pleased to add the securities lending component to our relationship with Citi," said Robert Bogart, Executive Vice-President and Chief Financial Officer, AGF Management Limited. "Citi’s reputation for providing clients with top-level service and effective controls procedures with full transparency assists us in delivering on our value proposition to AGF securityholders."

"Our relationship with AGF is a key element of our Global Transaction Services franchise," said Bob Wallace, Securities and Funds Services’ Head for the North America Region. "The addition and implementation of a securities lending component with such a first-class organization is a notable business milestone for us as we continue to grow our Securities and Fund Services business in Canada."

Using its OpenLendSM platform, Citi provides securities lenders customized service to enhance their portfolio performance by delivering an open architecture that provides access to Agency, Third-Party, Hybrid and Exclusives lending by leveraging Citi’s key strengths: flexibility, innovation, dynamic reporting, risk management and real-time controls.

Through its Securities and Fund Services business, Citi’s industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With $13.5 trillion in assets under custody and the industry’s largest proprietary network, clients can leverage Citi’s local market expertise and global reach to extract value across the entire investment value chain.

Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the second quarter of 2011, it held on average $365 billion in liability balances and $13.5 trillion in assets under custody.

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About AGF Management Limited
AGF Management Limited is one of Canada’s premier independent investment solutions 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. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. With over $45 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.

About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com.

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