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Director/PDMR Shareholding

8th Jun 2009 06:00

CANACCORD CAPITAL INC. DISCLOSES DIRECTOR'S DEALINGS Purchase of Canaccord shares

VANCOUVER, June 8, 2009 - Canaccord Capital Inc. was notified on Friday, June 5, 2009 that Paul Reynolds, President & CEO of Canaccord Capital Inc. and a director of the company, bought on June 5, 2009, through the facilities of the Toronto Stock Exchange, 3,000 common shares in the company at an average price of C$7.80 per share. As a result, Mr. Reynolds (directly and through the Reynolds Family Trust, of which Mr. Reynolds is one of the beneficiaries) now holds 1,505,703 common shares in the company, representing 2.73% of the common shares issued and outstanding.

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 CONTACT:

North America Media:

Scott Davidson

Managing Director, Global Head of Marketing & Communications

Phone: 416-869-3875, email: [email protected]

For investor relations inquiries contact:

Joy Fenney Vice President, Investor Relations & Communications Phone: 416-869-3515, email: [email protected]

London Media:

Bobby Morse or Ben Willey

Buchanan Communications (London)

Phone: +44 (0) 207 466 5000, email: [email protected]

Nominated Adviser and Broker:

Marc Milmo or Dugald J. Carlean

Fox-Pitt, Kelton Limited

Phone: +44 (0) 207 663 6000, email: [email protected]

Canaccord Capital Inc. Page 1 of 1

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