Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS Annex DTR3 1. Name of the issuer 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in CANACCORD GENUITY GROUP INC. accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). DTR 3.1.2 R 3. Name of person discharging 4. State whether notification relates managerial responsibilities/ to a person connected with a person director discharging managerial responsibilities/director named in 3 and identify the connected person PAUL REYNOLDS SPOUSE - CORINA TAYLOR 5. Indicate whether the 6. Description of shares (including notification is in respect of class), debentures or derivatives or a holding of the person financial instruments relating to referred to in 3 or 4 above or shares in respect of a non-beneficial interest COMMON SHARES NOTIFICATION RELATES TO THE PERSONS NAMED IN 3 AND 4. 7. Name of registered 8 State the nature of the transaction shareholders(s) and, if more than one, the number of shares held by each of them PAUL REYNOLDS: 1,186,497 PURCHASESIN OPEN MARKET The figure above includes shareholdings owned by Mr. Reynolds' spouse. 9. Number of shares, debentures 10. Percentage of issued class acquired or financial instruments (treasury shares of that class relating to shares acquired should not be taken into account when calculating percentage) PAUL REYNOLDS: 5,300 PAUL REYNOLDS: 0.0086% CORINA TAYLOR: 3,500 The figure above includes shareholdings owned by Mr. Reynolds' spouse. 11. Number of shares, debentures 12. Percentage of issued class disposed or financial instruments (treasury shares of that class relating to shares disposed should not be taken into account when calculating percentage) N/A N/A 13. Price per share or value of 14. Date and place of transaction transaction VANCOUVER - NOVEMBER 14, 2013 MR. REYNOLDS:CAD$6.0839 MS. TAYLOR: CAD$6.0954 15. Total holding following 16. Date issuer informed of transaction notification and total percentage holding following notification (any treasury shares should not be taken NOVEMBER 14, 2013 into account when calculating percentage) PAUL REYNOLDS: 1,195,297 / 1.171% The figure above includes shareholdings owned by Mr. Reynolds' spouse. If a person discharging managerial responsibilities has been granted options bythe issuer complete the following boxes 17 Date of grant 18. Period during which or date on which exercisable 19. Total amount paid (if any) for grant 20. Description of shares or of the option debentures involved (class and number) 21. Exercise price (if fixed at time of 22. Total number of shares or grant) or indication that price is debentures over which options to be fixed at the time of exercise held following notification 23. Any additional 24. Name of contact and telephone number for information queries NONE MARTIN MACLACHLAN 1-416-867-6078 Name of authorised official of issuer responsible for making notification MARTIN MACLACHLAN SVP, GENERAL COUNSEL AND CORPORATE SECRETARY Date of Notification: NOVEMBER 18, 2013 Notes: This form is intended for use by an issuer to make a RIS notificationrequired by DTR 3.1.4. (1) An issuer making a notification in respect of a transactionrelating to the shares or debentures of the issuer should complete boxes 1 to16, 23 and 24. (2) An issuer making a notification in respect of a derivativerelating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14,16, 23 and 24. (3) An issuer making a notification in respect of options granted toa director/person discharging managerial responsibilities should complete boxes1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financialinstrument relating to the shares of the issuer (other than a debenture) shouldcomplete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.