Canaccord Financial Inc: Director/PDMR Shareholding

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       
     CANACCORD FINANCIAL INC.               notified in accordance with DTR    
                                            3.1.2 R, (ii) a disclosure made 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 relates  


     managerial responsibilities/           to a person connected with a person
     director                               discharging managerial             
                                            responsibilities/director named in 
     DANIEL DAVIAU                          3 and identify the connected person
                                                                               
                                            N/A                                


                                                                           
5.   Indicate whether the notification 6.   Description of shares (including    


     is in respect of a holding of the      class), debentures or derivatives  
     person referred to in 3 or 4           or financial instruments relating  
     above or in respect of a               to shares                          
     non-beneficial interest                                                   
                                            COMMON SHARES                      
     NOTIFICATION RELATES TO THE                                               
                                                                               
     PERSONS NAMED IN 3.                                                       


                                                                           
7.   Name of registered shareholders   8.   State the nature of the transaction 


     (s) and, if more than one, the                                            
     number of shares held by each of       ACQUISITION UNDER ANEMPLOYEE STOCK 
     them                                   PURCHASE PLAN                      
                                                                               
                                                                               
     DANIEL DAVIAU                                                             


                                                                           
9.   Number of shares, debentures or   10.  Percentage of issued class acquired 


     financial instruments relating to      (treasury shares of that class     
     shares acquired                        should not be taken into account   
                                            when calculating percentage)       
     DANIEL DAVIAU: 835COMMON SHARES                                           
                                            MR. DAVIAU: 0.0008%                


                                                                           
11.  Number of shares, debentures or   12.  Percentage of issued class disposed 


     financial instruments relating to      (treasury shares of that class     
     shares disposed                        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                                                               
                                            VANCOUVER                          
     MR. DAVIAU: $7.19 CANADIAN                                                
                                            FEBRUARY 5, 2013                   


                                                                           
15.  Total holding following           16.  Date issuer informed of transaction 


     notification and total percentage                                         
     holding following notification         FEBRUARY 5, 2013                   
     (any treasury shares should not                                           
     be taken into account when                                                
     calculating percentage)                                                   
                                                                               
     DANIEL DAVIAU: 1,496,049/ 1.46%                                           

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 debentures 
 grant of the option                   involved (class and number)         
                                                                          
21.  Exercise price (if fixed at time 22.  Total number of shares or           


     of grant) or indication that          debentures over which options held 
     price is to be fixed at the time      following notification             
     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: FEBRUARY 6, 2013                                           
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. 
END 
-0- Feb/06/2013 12:22 GMT