Chairman of Canaccord Genuity Limited steps down

Canaccord Financial Inc. announces Tim Hoare to step down as Chairman ofCanaccord Genuity Limited; assumes role on Global Advisory Board LONDON, July 9, 2013 /CNW/ - Canaccord Financial Inc. (the "Company", TSX: CF,LSE: CF.) announces that Tim Hoare will be stepping down from his position asChairman of Canaccord Genuity Limited and assuming a role on CanaccordFinancial's Global Advisory Board. "Tim's partnership was an important part of Canaccord Genuity's entry into theUK, and his exceptional client relationships and entrepreneurial flair havehelped grow the business to become the market leader it is today," said PaulReynolds, President and CEO of Canaccord Financial Inc. "I am pleased that Timhas agreed to have a continuing role with the firm and wish to thank himpersonally for his service as outgoing Chair of the UK business." Commenting on his transition, Tim Hoare said: "Having been with Canaccord sincethe early 1990s, and having been Chief Executive of the European business formany years, I have decided that the time has come to move on. Canaccord hasbeen a good home and I am extremely proud to have been able to have played arole in the considerable success it has enjoyed in the resources sector overthis period. I would like to thank the many people from around the world who have been sosupportive in my career to date, be they governments - whose mining industrieswe have helped; companies that I have been privileged to advise; the manyinvestors that placed their trust in me; and fellow advisers whom I have workedalongside, and indeed my colleagues." The Company also announces that Paul Reynolds will assume the position ofChairman of Canaccord Genuity Limited, the Company's operating division in theUK and Europe, effective immediately. 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. SOURCE: Canaccord Financial 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: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]

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