Directors' Dealings

 
TIDMCCI 
 
CANACCORD CAPITAL INC. DISCLOSES DIRECTORS' DEALINGS 
                            AND ISSUANCE OF SHARES 
 
 
VANCOUVER, November 11, 2009 - Canaccord Capital Inc. ("CCI" or the "Company") 
announces the vesting of Restricted Share Units ("RSUs") that were acquired by 
Paul Reynolds, Mark Maybank and Tim Hoare through the Long Term Incentive Plan 
("LTIP") in lieu of cash compensation and the issuance of 45,039 shares. 
 
On November 6, 2009, certain RSUs vested in respect of previous LTIP awards. Of 
the RSUs which vested on November 6, 2009, Paul Reynolds held 19,105 RSUs; Mark 
Maybank held 3,795 RSUs; and Tim Hoare held 2,372 RSUs. They will therefore 
respectively acquire 19,105, 3,795 and 2,372 common shares in the Company by 
transfer from the employee benefit trust which had previously acquired these 
shares on the open market (in the case of Mr. Maybank) and by issue from 
treasury (in the case of Messrs. Reynolds and Hoare). 
 
For employees in the United States and the United Kingdom (principally 
employees of Canaccord Adams Inc. and Canaccord Adams Limited), the shares to 
be issued on the vesting of the awards are issued from treasury. Therefore, in 
respect of the RSUs which have now vested, a total of 45,039 common shares of 
the Company will be issued and application has been made for their admission to 
AIM on November 17, 2009.  Following the issue of these common shares, 
Canaccord Capital Inc. will have 55,404,528 common shares in issue. 
 
In summary, after the vesting of RSUs, the holdings related to Messrs. 
Reynolds, Maybank and Hoare are as follows: 
 
=------------------------------------------------------------------------------- 
 
                                           RSUs                        Total as 
                                         vested                          a % of 
                                            and                       total CCI 
                                 RSUs    common       RSUs               issued 
                      Shares     held    shares       held      Total    common 
                       owned   before  acquired      after    (common    shares 
                  (excluding   Nov. 6        on     Nov. 6     shares    (as of 
Director               RSUs)  vesting    Nov. 6.   vesting     + RSUs)     Nov. 
17). 
 
=------------------------------------------------------------------------------- 
 
Paul D. Reynolds     737,245  276,109     19,105   257,004  1,013,354    1.83% 
 
=------------------------------------------------------------------------------- 
 
Mark G. Maybank      635,901  306,176      3,795   302,381    942,077    1.70% 
 
=------------------------------------------------------------------------------- 
 
Timothy J. D. Hoare  954,020  180,144      2,372   177,772  1,134,164    2.05% 
 
=------------------------------------------------------------------------------- 
 
 
The LTIP is an initiative by Canaccord that was announced on June 7, 2007, and 
approved at the Company's annual general meeting on August 2, 2007. 
 
 
ABOUT CANACCORD FINANCIAL INC.: 
 
An evolution of our company 
 
On September 29, 2009 we announced a rebranding initiative for Canaccord 
Capital Inc. As of December 1, 2009, we will emerge as Canaccord Financial 
Inc., listed under the stock symbols CF on the TSX and CF. on AIM. 
 
Through its principal subsidiaries, Canaccord Capital Inc. is a leading 
independent, full-service financial services firm, with operations in two 
principal segments of the securities industry: wealth management and global 
capital markets.  Since its establishment in 1950, Canaccord has been driven by 
an unwavering commitment to building lasting client relationships. We achieve 
this by generating value through comprehensive investment solutions, brokerage 
services and investment banking services for our individual, institutional and 
corporate clients.  Canaccord has 35 offices worldwide, including 27 Wealth 
Management offices located across Canada.  Canaccord Adams, the international 
capital markets division, operates in the U.S., U.K., Canada and Barbados. 
Canaccord Capital Inc. (CCI) is publicly traded on both the Toronto Stock 
Exchange and AIM, a market operated by the London Stock Exchange. 
 
 
FOR FURTHER INFORMATION CONTACT: 
 
North America Media: 
 
Scott Davidson 
Managing Director, Global Head of Marketing & Communications 
Phone: [phone], email: [e-mail] 
 
For investor relations inquiries contact: 
 
Joy Fenney 
Vice President, Investor Relations & Communications 
Phone: [phone], email: [e-mail] 
 
London Media: 
 
Bobby Morse or Ben Willey 
Buchanan Communications (London) 
Phone: [phone], email: [e-mail] 
 
 
Nominated Adviser and Broker: 
 
Marc Milmo or Jonny Franklin-Adams 
Fox-Pitt, Kelton Limited 
Phone:  [phone], email: [e-mail] 
 
 
 
END