Directors/Persons Transactions Notification

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 CANACCORD GENUITY GROUP INC . in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). DTR 3.1.2 R 3. Name of person discharging 4. State whether notification managerial responsibilities/ relates to a person connected director with a person discharging managerial responsibilities/ director named in 3 and identify the connected person PAUL REYNOLDS BRAD KOTUSH N/A 5. Indicate whether the 6. Description of shares (including notification is in respect of a class), debentures or derivatives holding of the person referred or financial instruments relating to in 3 or 4 above or in to shares respect of a non-beneficial interest RESTRICTED SHARE UNITS NOTIFICATION RELATES TO THE PERSONS NAMED IN 3. 7. Name of registered shareholders 8 State the nature of the (s) and, if more than one, the transaction number of shares held by each of them PAUL REYNOLDS: 1,195,297 BRAD KOTUSH: 476,947 GRANT OF RESTRICTED SHARE UNITS The figure above includes shareholdings owned by Mr. Reynolds' spouse. 9. Number of shares, debentures or 10. Percentage of issued class financial instruments relating acquired (treasury shares of that to shares acquired class should not be taken into account when calculating percentage) PAUL REYNOLDS: 5,249 RSUs BRAD KOTUSH: 5,249 RSUs N/A 11. Number of shares, debentures or 12. Percentage of issued class financial instruments relating disposed (treasury shares of that to shares disposed class should not be taken into account when calculating percentage) N/A N/A 13. Price per share or value of 14. Date and place of transaction transaction GRANT OF RESTRICTED SHARE UNITS: PRICE PER SHARE ON GRANT OF VANCOUVER - DECEMBER 10, 2013 RESTRICTED SHARE UNITS: CAD$6.00168 15. Total holding following 16. Date issuer informed of notification and total transaction percentage holding following notification (any treasury shares should not be taken into account when calculating DECEMBER 10, 2013 percentage) PAUL REYNOLDS: 1,195,297/ 1.171% BRAD KOTUSH: 476,947 / 0.467% The figure above includes shareholdings owned by Mr. Reynolds' spouse. 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 MARTIN MACLACHLAN 1-416-867-6078 Name of authorised official of issuer responsible for making notification MARTIN MACLACHLAN SVP, GENERAL COUNSEL AND CORPORATE SECRETARY Date of Notification: DECEMBER 11, 2013 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.