Officers and employees of Canaccord Genuity Group Inc. (TSX:CF) made an offer to acquire remaining 78.8% stake in Canaccord Genuity Group Inc. (TSX:CF) from Crescendo Partners, L.P., SKKY Capital Corporation Limited and others for approximately CAD 880 million on January 9, 2023. The shares will be acquired at a price of CAD 11.25 per Common Share. The Offerors collectively own or exercise control or direction over an aggregate of 21,138,039 Common Shares, representing approximately 21.3% of the issued and outstanding Common Shares. The Offeror has received a financing commitment from HPS Investment Partners, LLC for an interest-bearing senior secured first lien term loan facility in an aggregate principal amount up to CAD 825 million. If permitted by applicable laws, the Offeror intends to cause Canaccord Genuity to apply to delist the Common Shares from the TSX as soon as practicable after completion of the Proposed Offer. All-cash offer commenced on February 27, 2023. The transaction is subject to all governmental, regulatory and stock exchange approvals, certain domestic or international merger and antitrust approvals including pursuant to the Competition Act (Canada), all third party consents, approvals or waivers. The offer is open for acceptance until 11:59 p.m. (Toronto time) on June 13, 2023, unless extended, accelerated or withdrawn.

David Weinberger, J.R. Laffin, John Ciardullo and Justin Parappally of Stikeman Elliott LLP is acting as legal advisors to the Offerors in respect of the Proposed Offer and Canadian legal matters in respect of the Debt Financing. MICHAEL STEINBERG and MICHAEL CHERNICK of Shearman & Sterling LLP is acting as legal advisor to the Offerors in respect of the Debt Financing. McCarthy Tétrault LLP and Jason Kanner, Austin Witt, Dean Masuda and David Hong of Kirkland & Ellis LLP are acting as Canadian and U.S. counsel, respectively, to HPS Investment Partners in connection with the Debt Financing. Raymond James Ltd. delivered fairness opinion to the offeror. Vincent Mercier and Zain Rizvi of Davies Ward Phillips & Vineberg LLP and Norton Rose Fulbright Canada LLP acted as legal advisors to Canaccord Genuity. Kingsdale Advisors is acting as depositary and information agent to the Offeror. McMillan LLP acted as legal advisor to SKKY. Kingsdale Advisors acted as depositary and information agent to Canaccord Genuity. Greenhill & Co. Canada Ltd. acted as financial advisor to Canaccord Genuity Group Inc. RBC Dominion Securities Inc. actes as fairness Opinion Provider to Canaccord Genuity Group Inc.

Officers and employees of Canaccord Genuity Group Inc. (TSX:CF) cancelled the offer to acquire remaining 78.8% stake in Canaccord Genuity Group Inc. (TSX:CF) from Crescendo Partners, L.P., SKKY Capital Corporation Limited and others on June 4, 2023.