Ms. Christina Marinoff reports

CANACCORD GENUITY GROUP INC. ANNOUNCES DIVIDEND RATES ON CUMULATIVE 5-YEAR RATE RESET FIRST PREFERRED SHARES, SERIES C AND CUMULATIVE FLOATING RATE FIRST PREFERRED SHARES, SERIES D

Canaccord Genuity Group Inc. has set the applicable dividend rates for its cumulative five-year rate-reset first preferred shares, Series C, and its cumulative floating-rate first preferred shares, Series D, further to its press release dated May 24, 2017, announcing that it does not intend to exercise its right to redeem all or any part of the currently outstanding Series C preferred shares, and, as a result of which, subject to certain conditions, the holders of the Series C preferred shares have the right to convert all or any part of their Series C preferred shares into Series D preferred shares on 1:1 basis.

With respect to any Series C preferred shares that remain outstanding after June 30, 2017, holders thereof will be entitled to receive quarterly fixed, cumulative, preferential cash dividends, if, as and when declared by the board of directors of the company, subject to the provisions of the Business Corporations Act (British Columbia). The dividend rate for the five-year period commencing on July 1, 2017, and ending on, and including, June 30, 2022, will be 4.993 per cent per annum, being equal to the sum of the five-year government of Canada bond yield determined as of today, plus 4.03 per cent, in accordance with the terms of the Series C preferred shares.

With respect to any Series D preferred shares that may be issued on June 30, 2017, holders thereof will be entitled to receive quarterly floating-rate, cumulative, preferential cash dividends, if, as and when declared by the board of directors of the company, subject to the provisions of the Business Corporations Act (British Columbia). The dividend rate for the three-month period commencing on July 1, 2017, and ending on, and including, Sept. 30, 2017, will be 4.559 per cent per annum, being equal to the sum of the three-month government of Canada treasury bill yield determined as of today, plus 4.03 per cent (calculated on the basis of the actual number of days elapsed during such quarterly period divided by 365), in accordance with the terms of the Series D preferred shares. The quarterly floating dividend rate will be reset every quarter.

Beneficial owners of Series C preferred shares who wish to exercise their conversion right should communicate as soon as possible with their broker or other nominee to ensure their instructions are followed for exercising such right on or prior to the deadline for exercise, which is 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.

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