Mr. Marcus Freeman reports

CANACCORD GENUITY GROUP INC. THROUGH ITS AUSTRALIAN OPERATION ANNOUNCES ACQUISITION OF WILSONS ADVISORY

Through its Australian operation, Canaccord Financial Group (Australia) Pty. Ltd., Canaccord Genuity Group Inc. has finalized the terms of a share sale agreement to acquire 100 per cent of Wilsons Advisory.

The acquisition supports the company's strategy of increasing the scale of its wealth management operations and enhancing its capital markets capabilities in a key growth market. The transaction also provides an enhanced national footprint, with expanded capabilities spanning New South Wales, Victoria, Queensland, Western Australia and South Australia.

Founded in 1895, Wilsons Advisory is a premier Australian financial services business, with a nationwide presence and strong capabilities in wealth management and capital markets. For the year ended June 30, 2025, Wilsons earned net revenue of $81-million (Australian) and had $16.7-billion (Australian) in assets under advice, of which $7.1-billion (Australian) are fee-based assets.

The combined wealth management entity is positioned to emerge as a leading integrated firm in Australia with approximately $17.0-billion (Australian) in fee-generating client assets and a total of $41.8-billion (Australian) in assets under advice with a substantial platform for continued growth.

The unified capital markets division will provide comprehensive corporate financing and advisory services for emerging and established companies across key sectors including industrials, health care, technology and natural resources, complemented by research coverage of over 250 companies and a suite of premier Australian investor conferences.

"Our acquisition of Wilsons positions Canaccord Genuity Australia as one of the leading integrated wealth management and capital markets firms in Australia, differentiated by scale, deep local expertise and global reach, and we look forward to bringing our teams together," said Marcus Freeman, chief executive officer of Canaccord Genuity Australia. "By uniting our complementary strengths and increasing the scale of our operations, we expect to substantially enhance our value proposition and product suite for our wealth management and capital markets clients."

Brad Gale, CEO of Wilsons Advisory, adds: "The decision to bring our business together with Canaccord Genuity is driven by strategic alignment and a shared vision for long-term growth. By combining our strengths, we are building a powerful Australian wealth management and capital markets business with greater scale, broader capabilities and a stronger platform to support our clients while creating more opportunities for our people."

Upon completion of the transaction, the professionals and clients of Wilsons will benefit from being part of a larger, integrated wealth management and capital markets business with deep resources and a strong commitment to supporting their long-term growth and success. Senior management of Wilsons will continue to have significant involvement in the combined business going forward.

Completion of the transaction is subject to regulatory approval and customary closing conditions and is expected to occur in the second half of calendar 2025.

About Wilsons Advisory

Wilsons Advisory is an Australian financial services firm with a distinguished history spanning more than 125 years. Offering deep expertise across private wealth management, corporate finance, institutional equities and research, Wilsons Advisory delivers strategic advice and access to high-quality investment opportunities. Its integrated model is underpinned by powerful in-house research capabilities, including specialist equity research, investment strategy and investment capability. Wilsons Advisory takes a client-first, whole-of-firm approach, partnering with individuals, institutions and corporates to support their ambitions across every stage of their financial journey.

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. Since its establishment in 1950, the company has been driven by an unwavering commitment to building lasting client relationships. The company achieves this by generating value for its 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 United Kingdom, Guernsey, Jersey, the Isle of Man and Australia. The company's international capital markets division operates in North America, U.K. and Europe, Asia, and Australia.

Canaccord Genuity Group is publicly traded under the symbol CF on the Toronto Stock Exchange.

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