Mr. David Esfandi reports

CANACCORD GENUITY GROUP INC. THROUGH ITS WEALTH MANAGEMENT BUSINESS IN THE UK, ANNOUNCES COMPLETION OF ACQUISITION OF INTELLIGENT CAPITAL

Canaccord Genuity Group Inc., through its wealth management business in the United Kingdom and Crown Dependencies (CGWM U.K.), has completed its acquisition of Intelligent Capital.

As previously disclosed, professionals of Intelligent Capital will begin to operate under the Adam & Company brand, which represents the Scottish operating business of CGWM UK. Intelligent Capital's core client proposition will remain unchanged, and its financial planners will be fully supported in continuing to directly manage their client relationships. The staff and clients of Intelligent Capital will also benefit from the broad range of resources provided by CGWM UK and the Company's broader global platform.

With the completion of this transaction, Intelligent Capital's Managing Director David Bremner has been appointed to the position of Adam & Company's Head of Wealth Management - Glasgow, and will work closely with Matt Phillips, Director of Wealth Planning for CGWM UK and Graham Storrie, Head of Adam & Company Wealth Management.

David Esfandi, Chief Executive Officer of CGWM UK said: "We are delighted to be growing our business in Scotland and are working closely with David Bremner to support a successful transition to Adam and Company. We will continue to provide our best-in-class integrated investment and financial planning services to our combined clients and look forward to welcoming our new colleagues on board."

ABOUT CANACCORD GENUITY GROUP INC.

Through its principal subsidiaries, Canaccord Genuity Group Inc. (the "Company") is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. Since its establishment in 1950, the Company has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The Company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. The Company's international capital markets division operates in North America, UK & Europe, Asia, and Australia.

We seek Safe Harbor.