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Canaccord Financial Inc. Semi-Annual Dealings Disclosure

25th Mar 2011 15:16

CANACCORD FINANCIAL INC. SEMI-ANNUAL DEALINGS DISCLOSURE

Purchases of shares through employee stock purchase plan and dividend reinvestment

TORONTO, March 25 /CNW/ - Canaccord Financial Inc. makes a block disclosure of purchases made by its directors under its employee stock purchase plan (ESPP) or through the automatic reinvestment of dividends received on shares held in the ESPP accounts. These purchases are made automatically throughout the year without any exercise of investment discretion on the part of the director. The following purchases have been made on that basis:

------------------------------------------------------------------------- Aggregate ownership Number of as a % of Date(s) of Common Average total common Director purchase shares price shares issued ------------------------------------------------------------------------- Philip Various dates in the period Evershed from June 15 to December 31, 1,889.92 $10.26 2.23% (Note 1) 2010 ------------------------------------------------------------------------- Tim Hoare Various dates in the period from December 21, 2009 to 997.94 $10.78 1.23% (Note 2) December 31, 2010 ------------------------------------------------------------------------- John Various dates in the period Zaozirny from December 21, 2009 to 51.72 $10.80 0.15% (Note 3) December 31, 2010 ------------------------------------------------------------------------- 1. The percentage shareholding is based on Mr. Evershed's holding an aggregate of 1,847,856 shares. Canaccord Financial Inc. has 82,894,277 shares issued and outstanding. 2. The percentage shareholding is based on Mr. Hoare's holding an aggregate of 1,019,829 shares. 3. The percentage shareholding is based on Mr. Zaozirny's holding an aggregate of 128,434 shares.

ABOUT CANACCORD FINANCIAL INC.:

Through its principal subsidiaries, Canaccord Financial Inc. is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and global capital markets. Since its establishment in 1950, Canaccord has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. Canaccord has 41 offices worldwide, including 31 Wealth Management offices located across Canada. Canaccord Genuity, the international capital markets division, operates in the U.S., U.K., Canada, China and Barbados.

Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX and the symbol CF. on AIM, a market operated by the London Stock Exchange.

For further information: North America media: Scott Davidson, Managing Director, Global Head of Marketing & Communications, Phone: 416-869-3875, email: [email protected]; For investor relations inquiries contact: Jamie Kokoska, Manager, Investor Relations & Communications, Phone: 416-869-3891, email: [email protected]; London media: Bobby Morse or Ben Romney, Buchanan Communications (London), Phone: +44 (0) 207 466 5000, email: [email protected]; Nominated Adviser and Joint Broker: Marc Milmo or Carl Holmes, Charles Stanley Securities, Phone: +44 020 7149 6764, email: [email protected]; Joint Broker: Oliver Hearsey or Nick Triggs, Keefe, Bruyette & Woods Limited, Phone: +44 (0) 20 7663 5400, email: [email protected]

(CF CF.)

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