GCG Guardian Capital Group Ltd

This press release corrects the press release disseminated on March 1, 2013 at
5:00 PM ET for Guardian Capital Group Limited (TSX: GCG) (TSX: GCG.A). The 2011
numbers in the "Per Share Net earnings available to shareholders" were
incorrect, as the earlier press release was issued in error.  The complete and
corrected press release follows:


Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A)



----------------------------------------------------------------------------
For the years ended December 31                         2012            2011
($ in thousands, except per share amounts)                      (amended)(1)
----------------------------------------------------------------------------
                                                                            
Net revenues                                     $    85,030     $    73,693
                                                                            
Operating earnings                                    20,138          17,133
                                                                            
Net gains (losses)                                     1,337           (131)
                                                                            
Net earnings before net gains (losses) on                                   
 securities held for sale                             18,200          16,228
                                                                            
Net gains (losses) on securities held for                                   
 sale                                                  4,559         (5,493)
                                                                            
Net earnings available to shareholders                22,556          10,003
                                                                            
Adjusted cash flow from operations available                                
 to shareholders                                      21,281          19,339
                                                                            
Per Share                                                                   
Net earnings before net gains (losses) on                                   
 securities held for sale                                                   
available to shareholders:                                                  
  - Basic                                        $      0.57     $      0.48
  - Diluted                                             0.57            0.48
                                                                            
Net earnings available to shareholders:                                     
  - Basic                                               0.72            0.31
  - Diluted                                             0.71            0.31
                                                                            
Adjusted cash flow from operations available                                
 to shareholders:                                                           
  - Basic                                               0.67            0.60
  - Diluted                                             0.66            0.60



Assets under management were $18.8 billion as at December 31, 2012, up from
$15.9 billion as at December 31, 2011. Assets under administration (AUA) were
$9.9 billion as at December 31, 2012, up from $8.7 billion as at December 31,
2011.


Net earnings available for shareholders before net gains (losses) on securities
held for sale for the year 2012 were $18.2 million or $0.57 per share, compared
to $16.2 million or $0.48 per share, for 2011. Net earnings available to
shareholders before net gains (losses) on securities held for sale were reduced
in 2012 as a result of an increase in deferred Income Taxes of $1.1 million, or
$0.03 per share. With this exception, management believes that the "Net earnings
before net gains (losses) on securities held for sale" stated above is the most
directly comparable measure of the historical presentation of the Company's
operating results.


Net earnings available to shareholders for the year 2012 were $22.6 million or
$0.71 per share, compared to $10.0 million or $0.31 per share, for 2011.


Adjusted cash flow from operations available to shareholders for the year was
$21.3 million or $0.66 per share, compared to $19.3 million or $0.60 per share
for 2011.


The fair value of corporate holdings of securities as at December 31, 2012 was
$380.0 million, or $11.99 per share, compared to $364.2 million, or $11.17 per
share, as at December 31, 2011.


The Board of Directors has declared an eligible dividend of $0.20 per share,
payable on March 20, 2013 to shareholders of record on March 14, 2012. This is a
17.6% increase in the dividend from the $0.17 paid in 2012. The Board has also
decided to transition to a quarterly dividend payment schedule, beginning in
July, 2013.


2012 marked the 50th year in business for Guardian Capital Group Limited, a
diversified financial services company founded in 1962. Guardian provides
institutional and high net worth investment management services to clients;
financial services to international investors; and services to financial
advisors in its national mutual fund dealer, securities dealer, and insurance
distribution network. Its Common and Class A shares are listed on The Toronto
Stock Exchange.


(1)The Company's operating results for 2012 and 2011 reflect the early adoption
by the Company of IFRS standards 10, 11 and 12, and the amendment of its
policies regarding controlled entities which are held for sale.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Guardian Capital Group Limited
Vern Christensen
Senior Vice-President, Finance and Secretary
(416) 947-4093


Guardian Capital Group Limited
George Mavroudis
President and Chief Executive Officer
(416) 364-8341

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