Canaccord Announces Peter Brown's Resignation

Canaccord Genuity Group Inc. Announces Peter Brown to Step Down as Director andHonorary Chairman TORONTO, May 23, 2014 /CNW/ - Canaccord Genuity Group Inc. ("CanaccordGenuity") (TSX: CF, LSE: CF.) wishes to announce that effective May 23, 2014,Peter Brown has resigned as a director and officer of the company and will notbe seeking re-election to the board of directors at the upcoming 2014 AnnualGeneral Meeting of shareholders. "On behalf of the board of directors, management and all employees, I wouldlike to thank Peter for his many contributions to the success of CanaccordGenuity in nearly five decades of service," said Paul Reynolds, President andCEO of Canaccord Genuity Group Inc. "We wish him continued success in hisongoing endeavours within the Canadian capital markets and BC businesscommunity." Commenting on his departure, Peter Brown said: "I am proud of the progress madeby current senior management. Building on a solid base, they have embarked on avery dynamic global expansion that has never before been envisioned by aCanadian independent investment dealer. As the Founder, I am fortunate to havehad a great corporate experience for 46 years and feel now is a good time forme to transition out of active service. I look forward to the firm's continuedexciting growth and development. I would like to thank the many people I haveworked alongside as well as the companies, investors and fellow advisors thathave placed their trust in me over the years." Mr. Brown played a key role in the development of the company and itspredecessors, from its 1968 beginnings as a venture capital firm to its initialpublic offering and growth to becoming Canada's largest independent globalinvestment dealer. He has served on the boards of numerous private sector andcrown corporations over the years and is a member of the Order of BritishColumbia. In recognition of his significant contributions and service to theCanadian economy and business community, Mr. Brown was inducted into theCanadian Business Hall of Fame on May 15. Going forward, it is Mr. Brown'sintention together with some friends and partners, to pursue a new careeradvising established private companies with a growth profile and in need ofprivate debt and equity financing. ABOUT CANACCORD GENUITY GROUP INC.: Through its principal subsidiaries, Canaccord Genuity Group Inc. (the"Company") is a leading independent, full-service financial services firm, withoperations in two principal segments of the securities industry: wealthmanagement and capital markets. Since its establishment in 1950, the Companyhas been driven by an unwavering commitment to building lasting clientrelationships. We achieve this by generating value for our individual,institutional and corporate clients through comprehensive investment solutions,brokerage services and investment banking services. The Company has offices in11 countries worldwide, including Wealth Management offices located in Canada,Australia, the UK and Europe. Canaccord Genuity, the international capitalmarkets division, operates in Canada, the US, the UK, France, Germany, Ireland,Hong Kong, mainland China, Singapore, Australia and Barbados. To us there areno foreign markets.™ Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSXand the symbol CF. on the London Stock Exchange. SOURCE: Canaccord Genuity Group Inc. For further information: 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:Christina MarinoffVice President, Investor Relations & CommunicationsPhone: 416-687-5507, email: [email protected] London media:Robert Morgan or Nicola RatchfordStockwellPhone: +44 (0) 20 7240 2486, email: [email protected];[email protected] Broker:Oliver HearseyRBC Europe LimitedPhone: +44 (0) 20 7653 4000, email: [email protected]

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