Mr. Paul Reynolds reports

CANACCORD GENUITY GROUP INC. ANNOUNCES NOMINATION OF INDEPENDENT DIRECTOR; KALPANA DESAI NOMINATED AS DIRECTOR FOR ELECTION AT UPCOMING ANNUAL GENERAL MEETING

The board of directors of Canaccord Genuity Group Inc. has nominated Kalpana Desai for election as an independent director at the coming annual general meeting (AGM), to be held in Toronto on Aug. 6, 2014. Ms. Desai's appointment will expand the board of directors to nine directors, seven of whom are independent.

"With more than two decades of global investment banking experience, Kalpana will add a valuable perspective to our board of directors," said Paul Reynolds, president and chief executive officer of Canaccord Genuity Group. "We look forward to the benefit of her judgment and counsel related to our strategic priorities, which include improving our position in the Asia-Pacific region as a leading investment bank focused on the mid-market."

Ms. Desai has over 22 years of international investment banking experience. She was head of Macquarie Capital Asia, the investment banking division of Macquarie Group, from 2010 to 2013, having joined that firm in 2009. From 2002 to 2009, she was head of the Asia-Pacific mergers and acquisitions group, and a managing director in the investment banking division of Merrill Lynch (now called Bank of America Merrill Lynch), based in Hong Kong, having joined that firm in 1998. Earlier, Ms. Desai had worked at Barclays de Zoete Wedd in London and Hong Kong, and J. Henry Schroder Wagg, and Coopers & Lybrand Consulting in London. Ms. Desai was a member of the takeovers and mergers panel of the Securities and Futures Commission in Hong Kong from 2007 to 2014.

Born in Kenya and educated in the United Kingdom, Ms. Desai has lived in Hong Kong since 1997. She has a bachelor of science with honours from the University of London (London School of Economics and Political Science) and trained as a chartered accountant (ACA (associate chartered accountant)) with Coopers & Lybrand (now PricewaterhouseCoopers) in London.

Ms. Desai is not currently serving as a director of any other public companies.