Mr. Jeff Barlow reports

CANACCORD GENUITY GROUP INC. SHARPENS STRATEGIC FOCUS FOR ITS U.S. CAPITAL MARKETS BUSINESS

Canaccord Genuity Group Inc. has made a key step in the continued evolution of its strategy related to its United States capital markets business, Canaccord Genuity LLC. The company has entered into a definitive agreement to sell its U.S. wholesale market-making business to Cantor, further strengthening its focus on its core global advisory- and ECM-led (equity capital markets) investment banking platform.

The transaction allows the company to streamline its U.S. capital markets business and direct capital and resources toward its high-performing, globally integrated M&A (mergers and acquisitions) advisory- and ECM-driven investment banking and capital markets capabilities. The U.S. wholesale market-making business, which primarily specializes in OTC (over-the-counter) wholesale market-making, including global equities and ADRs (American depositary receipts), has operated adjacent to the company's equity-based institutional sales and trading, but has remained outside the strategic core.

"This transaction sharpens our focus and allows us to streamline our U.S. business around our core strengths, anchored in advisory and capital-raising capabilities across high-growth sectors," said Jeff Barlow, chief executive officer of Canaccord Genuity LLC. "We see a great opportunity for the wholesale market-making business with Cantor, and we are confident that we will deliver a seamless transition for the team and clients."

"We are committed to strategically growing our global equities franchise and look forward to welcoming this well-established, experienced team of professionals to our firm," said Pascal Bandelier, co-CEO of Cantor and global head of equities. "We plan to scale this business to ensure our clients have access to a more diversified range of products, helping them create value in all market conditions and across a growing global footprint."

Canaccord Genuity has established itself as a market leader in M&A advisory and equity capital markets across the technology, health care, sustainability and consumer sectors. The company's global platform is supported by integrated research, sales and trading, with a deeply entrenched presence in each of its core markets.

Completion is subject to customary closing conditions and is expected in the first half of the company's 2026 fiscal year. Canaccord Genuity and Cantor will work closely to ensure a seamless transition for both clients and employees.

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. Canaccord 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, the United Kingdom, Europe, Asia and Australia.

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