Transaction in Own Shares

Canaccord Financial Inc. Discloses Normal Course Issuer Bid/Buy-Back Programme TORONTO, Aug. 8, 2013 /CNW/ - Canaccord Financial Inc. (the "Company") (TSX:CF, LSE: CF.) wishes to announce the filing of a normal course issuer bid(NCIB)/buy-back programme to purchase common shares of the Company through thefacilities of the TSX and on alternative trading systems in accordance with therequirements of the TSX. The Company has filed a notice for a normal courseissuer bid to provide the choice of purchasing up to a maximum of 5,136,948 ofits common shares through the facilities of the TSX. The purpose of thepurchase of common shares under the normal course issuer bid is to enable theCompany to acquire shares for cancellation. The shares that may be repurchasedrepresent 5.0% of the Company's outstanding common shares. As of July 31, 2013,there were 102,738,959 common shares of the Company issued and outstanding. TheCompany purchased 883,472 common shares at a weighted average per share of$5.9689 under the normal course issuer bid which commenced on August 13, 2012. The Company has also entered into a pre-defined plan with a designated brokerto allow for the repurchase of its common shares under this normal courseissuer bid. The Company's broker may repurchase the common shares under theplan on any trading during the normal course issuer bid, including during theCompany's internal trading blackout periods. The plan has been reviewed by theToronto Stock Exchange and will terminate on the earlier of the termination ofthe plan by the Company in accordance with its terms and the expiry of the bid. Purchases under the normal course issuer bid are expected to be able tocommence on August 13, 2013, and will continue for one year (to August 12,2014). The maximum consideration will be the market price of the securities atthe time of acquisition. In order to comply with the trading rules of the TSXand the conditions for trading under the EU Buy-back and StabilisationRegulation, the daily purchases are limited to 26,456 common shares of theCompany (which is lesser of (a) 25% of the average daily trading volume ofcommon shares of the Company on the TSX in the six calendar months fromFebruary 2013 to July 2013 and (b) 25% of the average daily trading volume ofcommon shares of the Company on the TSX in the month of July 2013). To fulfillits regulatory reporting requirements in Canada and in the UK, Canaccord willissue a press release no later than the end of the seventh daily market sessionfollowing the date of execution of the purchases. 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. SOURCE: Canaccord Financial Inc. For further information: 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]

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