NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS

Annex DTR3

1.   Name of the issuer              2.   State whether the notification
                                          relates to (i) a transaction
                                          notified in accordance with DTR
                                          3.1.2 R, (ii) a disclosure made
     CANACCORD GENUITY GROUP INC .        in accordance with LR 9.8.6R(1)
                                          or (iii) a disclosure made in
                                          accordance with section 793 of
                                          the Companies Act (2006).



                                          DTR 3.1.2 R



3.   Name of person discharging      4.   State whether notification
     managerial responsibilities/         relates to a person connected
     director                             with a person discharging
                                          managerial responsibilities/
                                          director named in 3 and identify
                                          the connected person
     BRAD KOTUSH

     DANIEL DAVIAU
                                          N/A



5.   Indicate whether the            6.   Description of shares (including
     notification is in respect of a      class), debentures or derivatives
     holding of the person referred       or financial instruments relating
     to in 3 or 4 above or in             to shares
     respect of a non-beneficial
     interest



     NOTIFICATION RELATES TO THE          COMMON SHARES

     PERSONS NAMED IN 3.



7.   Name of registered shareholders 8    State the nature of the
     (s) and, if more than one, the       transaction
     number of shares held by each
     of them


     BRAD KOTUSH: 476,947
                                          ACQUISITION UNDER AN EMPLOYEE
     DANIEL DAVIAU: 1,253,811             STOCK PURCHASE PLAN (ESPP) ON
                                          REINVESTMENT OF DIVIDENDS
                                          RECEIVED ON SHARES HELD IN PLAN


                                          ACQUISITION UNDER AN ESPP



9.   Number of shares, debentures or 10.  Percentage of issued class
     financial instruments relating       acquired (treasury shares of that
     to shares acquired                   class should not be taken into
                                          account when calculating
                                          percentage)

     ACQUISITION UNDER AN ESPP ON
     REINVESTMENT OF DIVIDENDS
     RECEIVED ON SHARES HELD IN           BRAD KOTUSH: 0.0001%
     PLAN:
                                          DANIEL DAVIAU: 0.0009%


     BRAD KOTUSH: 76 COMMON SHARES

     DANIEL DAVIAU: 86 COMMON SHARES





     ACQUISITION UNDER AN ESPP:

     DANIEL DAVIAU: 833 COMMON
     SHARES

11.  Number of shares, debentures or 12.  Percentage of issued class
     financial instruments relating       disposed (treasury shares of that
     to shares disposed                   class should not be taken into
                                          account when calculating
                                          percentage)

     N/A

                                          N/A





13.  Price per share or value of     14.  Date and place of transaction
     transaction



     ACQUISITION UNDER AN ESPP ON
     REINVESTMENT OF DIVIDENDS            VANCOUVER - DECEMBER 31, 2013
     RECEIVED ON SHARES HELD IN
     PLAN:

     MR. KOTUSH: CAD$6.55

     MR. DAVIAU: CAD$7.13



     ACQUISITION UNDER AN ESPP:

     MR. DAVIAU: CAD$7.21

                                          VANCOUVER - JANUARY 20, 2014



15.  Total holding following         16.  Date issuer informed of
     notification and total               transaction
     percentage holding following
     notification (any treasury
     shares should not be taken into
     account when calculating             JANUARY 21, 2014
     percentage)




     BRAD KOTUSH: 477,023 / 0.469%

      DANIEL DAVIAU: 1,254,730 /
     1.232%








If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes



17   Date of grant                   18.  Period during which or date on
                                          which exercisable





19.  Total amount paid (if any) for  20.  Description of shares or
     grant of the option                  debentures involved (class and
                                          number)





21.  Exercise price (if fixed at     22.  Total number of shares or
     time of grant) or indication         debentures over which options held
     that price is to be fixed at         following notification
     the time of exercise








23.  Any additional information      24.  Name of contact and telephone
                                          number for queries


     NONE
                                          JULIA GRAY

                                          1-416-687-5315






Name of authorised official of issuer responsible for making notification



JULIA GRAY

ASSOCIATE GENERAL COUNSEL AND ASSISTANT CORPORATE SECRETARY



Date of  Notification:  JANUARY 22, 2014






Notes:    This form is intended for use by an issuer to make a RIS notification
required by DTR 3.1.4.

(1)           An issuer making a notification in respect of a transaction
relating to the shares or debentures of the issuer should complete boxes 1 to
16, 23 and 24.

(2)           An issuer making a notification in respect of a derivative
relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14,
16, 23 and 24.

(3)           An issuer making a notification in respect of options granted to
a director/person discharging managerial responsibilities should complete boxes
1 to 3 and 17 to 24.

(4)           An issuer making a notification in respect of a financial
instrument relating to the shares of the issuer (other than a debenture) should
complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

(CF. CF)