Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS TORONTO, September 11, 2013 - Canaccord Financial Inc. (the "Company") announcesthat on September 10, 2013, the following independent directors were grantedDeferred Share Units ("DSUs") in respect of the dividends on the common sharesof the Company paid on September 10, 2013. A DSU is a book-keeping entry thattracks the value of one common share of the Company. DSUs are paid out in cashwhen the director leaves the board of directors of the Company but does notgive any rights to receive common shares. The value of the DSUs at the date ofgrant (based on a ten day volume average weighted price) was $6.59934 Canadiandollars per DSU. Name of Director Number of DSUs awardedCharles Bralver 117.91Massimo Carello 60.01William Eeuwes 119.97Michael Harris 263.86Terrence Lyons 142.70Dipesh Shah 39.59 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 12 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, 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. FOR FURTHER INFORMATION CONTACT: 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] (CF.CF)