DC.PR.B Dundee Corporation

Dundee Corporation (TSX:DC.A)(TSX:DC.PR.B) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.42188 per cumulative 5-year rate reset first preference share, series 2 payable on December 31, 2012 to shareholders of record on December 17, 2012.

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

Contacts: Dundee Corporation Lucie Presot Vice President and Chief Financial Officer (416) 365-5157

Dundee (TSX:DC.PR.B)
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Dundee (TSX:DC.PR.B)
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