Directors Discharging Managerial Responsibility

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIALRESPONSIBILITY 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 accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). CANACCORD GENUITY GROUP INC . DTR 3.1.2 R 3. Name of person discharging 4. State whether notification relates to a person connected with a person managerial responsibilities/ discharging managerial responsibilities/director named in 3 and director identify the connected person DAVID KASSIE N/A PAUL REYNOLDS BRAD KOTUSH MATTHEW GAASENBEEK DANIEL DAVIAU ALEXIS DE ROSNAY 5. Indicate whether the 6. Description of shares (including class), debentures or derivatives or notification is in respect of financial instruments relating to shares a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest COMMON SHARES NOTIFICATION RELATES TO THE PERSONS NAMED IN 3. 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 DAVID KASSIE: 3,628,670 ACQUISTION OF COMMON SHARES ON VESTING OF RESTRICTED STOCK UNITS UNDER LONG TERM INCENTIVE PLAN; PAUL REYNOLDS: 1,594,514 BRAD KOTUSH: 497,256 SALE OF COMMON SHARES TO COVER TAX LIABILITIES MATTHEW GAASENBEEK: 345,762 DANIEL DAVIAU: 1,033,074 ALEXIS DE ROSNAY: 121,992 9. Number of shares, debentures 10. Percentage of issued class acquired (treasury shares of that class or financial instruments should not be taken into account when calculating percentage) relating to shares acquired DAVID KASSIE: 0.001% DAVID KASSIE: 1,350 PAUL REYNOLDS: 0.004% PAUL REYNOLDS: 4,107 BRAD KOTUSH: 0.004% BRAD KOTUSH: 4,107 MATTHEW GAASENBEEK: 0.1% MATTHEW GAASENBEEK: 102,155 DANIEL DAVIAU: 0.005% DANIEL DAVIAU: 5,523 ALEXIS DE ROSNAY: 0.012% ALEXIS DE ROSNAY: 12,229 11. Number of shares, debentures 12. Percentage of issued class disposed (treasury shares of that class or financial instruments should not be taken into account when calculating percentage) relating to shares disposed PAUL REYNOLDS: 0.002% PAUL REYNOLDS: (1,948) MATTHEW GAASENBEEK: 0.05% MATTHEW GAASENBEEK: (52,340) DANIEL DAVIAU: 0.003% DANIEL DAVIAU: (2,743) ALEXIS DE ROSNAY: 0.006% ALEXIS DE ROSNAY: (5,946) 13. Price per share or value of 14. Date and place of transaction transaction TORONTO - NOVEMBER 6, 2014 PRICE PER SHARE ON DAY OF VESTING: CAD$8.88730 PRICE PER SHARE ON SALE: CAD$8.88730 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 11, 2014 into account when calculating percentage) DAVID KASSIE: 3,630,020 / 3.55% PAUL REYNOLDS: 1,596,673 / 1.561% BRAD KOTUSH: 501,363 / 0.49% MATTHEW GAASENBEEK: 395, 577 / 0.387% DANIEL DAVIAU: 1,035,854 / 1.013% ALEXIS DE ROSNAY: 128,275 / 0.125% 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 20. Description of shares or grant of the option debentures involved (class and number) 21. Exercise price (if fixed at 22. Total number of shares or time of grant) or indication debentures over which options held that price is to be fixed at following notification the time of exercise 23. Any additional information 24. Name of contact and telephone number for queries NONE JULIA GRAY 1-416-687-5315 Name of authorised official of issuer responsible for making notification JULIA GRAY, ASSOCIATE GENERAL COUNSEL AND ASSISTANT CORPORATE SECRETARY Date of Notification: NOVEMBER 12, 2014 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.