Canaccord amendment of normal course issuer bid

CANACCORD FINANCIAL INC. DISCLOSES AMENDMENT OFNORMAL COURSE ISSUER BID/BUY-BACK PROGRAMME TORONTO, June 27, 2013 - Canaccord Financial Inc. (the "Company") (TSX: CF,LSE: CF.) wishes to announce the amendment of its normal course issuer bid(NCIB)/buy-back programme announced on August 13, 2013. In addition to purchases made through the facilities of the TSX, the Companyand its designated broker will make purchases on alternative trading systems inaccordance with the requirements of the TSX. The Company has also entered into a pre-defined plan with a designated brokerto allow for the repurchase of its common shares under its previously announcednormal course issuer bid. The Company's broker may repurchase the common sharesunder the plan on any trading during the normal course issuer bid, includingduring the Company's internal trading blackout periods. The plan has beenreviewed by the Toronto Stock Exchange and will terminate on the earlier of thetermination of the plan by the Company in accordance with its terms and theexpiry of the bid. The Company is engaged in the normal course issuer bid to provide for theability to purchase, at the Company's discretion, up to 3,000,000 of its commonshares through the facilities of the TSX. The purpose of the purchase of commonshares under the normal course issuer bid is to enable the Company to acquireshares for cancellation. In order to comply with the trading rules of the TSX and the conditions fortrading under the EU Buy-back and Stabilisation Regulation, the daily purchasesare limited to 40,468 common shares of the Company (which is the lesser of (a)25% of the average daily trading volume of common shares of the Company on theTSX in the six calendar months from February 2012 to July 2012 and (b) 25% ofthe average daily trading volume of common shares of the Company on the TSX inthe month of July 2012). To fulfill its regulatory reporting requirements inCanada and in the UK, Canaccord will issue a press release no later than theend of the seventh daily market session following the date of execution of thepurchases. ABOUT CANACCORD FINANCIAL INC.: Through its principal subsidiaries, Canaccord Financial Inc. is a leadingindependent, full-service financial services firm, with operations in twoprincipal segments of the securities industry: wealth management and globalcapital markets. Since its establishment in 1950, Canaccord has been driven byan unwavering commitment to building lasting client relationships. We achievethis by generating value for our individual, institutional and corporateclients through comprehensive investment solutions, brokerage services andinvestment banking services. Canaccord has offices in 13 countries worldwide,including Wealth Management offices located in Canada, Australia, the UK andEurope. Canaccord Genuity, the international capital markets division,operates in Canada, the US, the UK, France, Germany, Ireland, Italy, Hong Kong,mainland China, Myanmar, Singapore, Australia and Barbados. Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX andthe symbol CF. on the London Stock Exchange. FOR FURTHER INFORMATION CONTACT: North America media:Scott DavidsonExecutive Vice President, Global Head of Corporate Development and StrategyPhone: 416-869-3875, email: [email protected] For investor relations inquiries contact: Andrea SergautisManager, Investor Relations & CommunicationsPhone: 416-687-5507, email: [email protected] London media:Bobby Morse or Ben RomneyBuchanan (London)Phone: +44 (0) 207 466 5000, email: [email protected] Broker:Oliver Hearsey or James KellyRBC Europe LimitedPhone: +44 (0) 20 7653 4000, email: [email protected]

(CF. CF)