Director/PDMR Shareholding

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS TORONTO, July 3, 2013 -Canaccord Financial Inc. (the "Company") announces thaton June 28, 2013, the following independent directors were granted DeferredShare Units ("DSUs"). A DSU is a book-keeping entry that tracks the value ofone common share of the Company. DSUs are paid out in cash when the directorleaves the board of directors of the Company but does not give any rights toreceive common shares. The value of the DSUs at the date of grant (based on aten day volume average weighted price) was $5.72054 Canadian dollars per DSU. Name of Director Number of DSUs awarded Charles Bralver 2,186 Massimo Carello 1,093 William Eeuwes 2,186 Michael Harris 4,808 Terrence Lyons 2,568 Dipesh Shah 2,186 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. FOR FURTHER INFORMATION CONTACT: North America media: Scott Davidson Executive Vice President, Global Head of Corporate Development and Strategy Phone: 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 Romney Buchanan (London) Phone: +44 (0) 207 466 5000, email: [email protected] Broker: Oliver Hearsey or James Kelly RBC Europe Limited

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