Dundee Corp. will be purchasing a maximum of 1,199,925 of its class A subordinate voting shares, representing approximately 5% of these almost 24 million issued and outstanding shares by means of a normal course issuer bid through the facilities of The Toronto Stock Exchange, commencing on April 1 and terminating no later than March 31, 2007.

The purchases will be made in accordance with the policies and rules of the TSX. The price paid for any subordinate voting shares acquired will be the market price at the time of purchase and all subordinate voting shares purchased under the bid will be cancelled.

Dundee Corp. purchased an aggregate of 311,945 subordinate voting shares at an average price of $26.74 per share through the facilities of the TSX under a normal course issuer bid which commenced on April 1, 2005 and expires March 31.

Dundee Corp. believes that the purchase of its subordinate voting shares at current market values represents a good long-term investment for the company.