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Director/PDMR Shareholding

18th Mar 2009 07:00

Canaccord Capital Inc. Discloses Director's Dealings

Purchase of Shares

VANCOUVER, March 18 /CNW/ - Canaccord Capital Inc. was notified yesterday that Massimo Carello, a director of the company, bought on March 16 and 17, 2009, through the facilities of the Toronto Stock Exchange, 40,000 common shares in the Company at an average price of C$4.84 per share. Mr. Carello had not previously owned any shares; the 40,000 shares he has now acquired represent 0.07% of the issued common shares of the Company. Mr. Carello also holds options to acquire an additional 25,000 common shares.

ABOUT CANACCORD CAPITAL INC.:

Through its principal subsidiaries, Canaccord Capital Inc. is a leading independent, full-service investment dealer in Canada with capital markets operations in the United Kingdom and the United States. Canaccord is publicly traded on both the Toronto Stock Exchange and AIM, a market operated by the London Stock Exchange. Canaccord has operations in two of the principal segments of the securities industry: capital markets and private client services. Together, these operations offer a wide range of complementary investment products, brokerage services and investment banking services to Canaccord's private, institutional and corporate clients. Canaccord has 31 offices worldwide, including 24 Private Client Services offices located across Canada. Canaccord Adams, the international capital markets division, has operations in Toronto, London, Boston, Vancouver, New York, Calgary, Montreal, San Francisco, Houston, and Barbados.

For further information: North America Media: Scott Davidson, Managing Director, Global Head of Marketing & Communications, Phone: (416) 869-3875, email: scott_davidson(at)canaccord.com; For investor relations inquiries contact: Katherine Young, Vice President, Investor Relations, Phone: (416) 869-7292, email: katherine_young(at)canaccord.com; London Media: Bobby Morse or Ben Willey, Buchanan Communications (London), Phone: +44 (0) 207 466 5000, email: bobbym(at)buchanan.uk.com; Nominated Adviser and Broker: Marc Milmo or Dugald J. Carlean, Fox-Pitt, Kelton Limited, Phone: +44 (0) 207 663 6000, email: marc.milmo(at)fpk.com (CCI. CCI)

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