Dundee Wealth Management Inc. Declares Quarterly Dividend on Common and Special Shares

Market Wire, May, 2007

Dundee Wealth Management Inc. (TSX: DW) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.02 per common and special share, payable on July 3, 2007, or as otherwise provided under the terms of any applicable escrow agreements, to shareholders of record on June 19, 2007.

The dividend is designated as an eligible dividend for the purposes of section 89 of the Income Tax Act (Canada).

Dundee Wealth is a Canadian owned wealth management company. Through its various subsidiaries, including Dundee Bank of Canada, a Schedule I chartered bank, Dundee Wealth creates and provides investment solutions as well as capital markets and advisory services for financial advisors, institutions, corporations and foundations. Dundee Wealth oversees $62.7 billion in assets under management and administration through independent financial advisors across Canada. It is listed on the Toronto Stock Exchange (TSX: DW).

Contacts: Dundee Wealth Management Inc. Joanne Ferstman Executive Vice President and Chief Financial Officer (416) 365-5010