Ms. Christina Marinoff reports

CANACCORD GENUITY GROUP INC. ANNOUNCES CONVERSION PRIVILEGE OF CUMULATIVE 5-YEAR RATE RESET FIRST PREFERRED SHARES, SERIES C

Canaccord Genuity Group Inc. does not intend to exercise its right to redeem all or any part of the currently outstanding cumulative five-year rate-reset first preferred shares, Series C, of the company on June 30, 2017. There are currently four million Series C preferred shares outstanding.

As a result and subject to certain conditions set out in the short form prospectus dated April 2, 2012, relating to the issuance of the Series C preferred shares, the holders of the Series C preferred shares have the right, at their option, to convert all or any of their Series C preferred shares, on a one-for-one basis, into cumulative floating-rate first preferred shares, Series D, of the company on the conversion date. A formal notice of the conversion privilege will be sent to the registered holder of the Series C preferred shares.

Holders who do not exercise their right to convert their Series C preferred shares into Series D preferred shares will continue to hold their Series C preferred shares and will have the opportunity to convert their shares again on June 30, 2022, and every five years thereafter as long as the shares remain outstanding.

The foregoing conversion privilege is subject to the following conditions: (i) if the company determines that there would be less than one million Series D preferred shares outstanding on the conversion date, then holders of Series C preferred shares will not be entitled to convert their shares into Series D preferred shares; and (ii) alternatively, if the company determines that there would remain outstanding less than one million Series C preferred shares on the conversion date, then all remaining Series C preferred shares will automatically be converted into Series D preferred shares on a one-for-one basis on the conversion date. In either case, the company will give written notice to that effect to any registered holders affected by the preceding conditions of the Series C preferred shares no later than June 23, 2017.

The dividend rate applicable to the Series C preferred shares for the five-year period commencing on July 1, 2017, and ending on and including June 30, 2022, and the dividend rate applicable to the Series D preferred shares for the three-month period commencing on July 1, 2017, and ending on and including Sept. 30, 2017, will be determined and announced by way of a press release on June 1, 2017.

Beneficial owners of Series C preferred shares who wish to exercise their conversion privilege should communicate as soon as possible with their brokers or other nominees to obtain instructions for exercising such right during the conversion period, which runs from May 31, 2017, until 5 p.m. Toronto time on June 15, 2017.

About Canaccord Genuity Group Inc.

Through its principal subsidiaries, Canaccord Genuity Group is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. The company has offices in 10 countries around the world, including wealth management offices located in Canada, the United Kindom, Guernsey, Jersey, the Isle of Man and Australia. Canaccord Genuity, the international capital markets division, operates in Canada, the United States, the United Kingdom, France, Ireland, Hong Kong, China, Australia and Dubai.

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