/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

TORONTO, Nov. 15, 2026 /CNW/ -- CG Partners Limited Partnership (the "Partnership"), an independent employee share-ownership vehicle established to acquire and hold common shares ("Common Shares") and other securities of Canaccord Genuity Group Inc. (the "Company") on behalf of certain of the Company's employees, announced today that it has entered into a voting and support agreement dated November 15, 2026 (the "Voting Agreement") with CG Acquisitionco Inc. (the "Purchaser") in connection with the proposed acquisition of the Company by the Purchaser (the "Transaction").

The Company has entered into an arrangement agreement dated November 15, 2026 (the "Arrangement Agreement") with the Purchaser, an entity wholly owned by Daniel Daviau, the Chairman and Chief Executive Officer of the Company, pursuant to which, among other things, and conditional upon completion of the concurrently announced sale of the Company's UK & Crown Dependencies wealth management business (the "CGWM UK Sale"), the Purchaser will acquire (i) all of the issued and outstanding Common Shares, other than those held by Mr. Daviau and his affiliates, for aggregate consideration, payable in cash, comprised of C$7.45 attributable to the remaining business of the Company following the completion of the CGWM UK Sale, plus £4.15 (the "GBP Amount"), being the amount attributable to each Common Share from the anticipated proceeds to be received by the Company from the CGWM UK Sale (after taking into consideration certain reasonable assumptions and adjustments), and (ii) all of the issued and outstanding Cumulative 5-Year Rate Reset First Preferred Shares, Series C of the Company (the "Series C Preferred Shares") for C$25.30 per Series C Preferred Share, payable in cash, plus accrued and unpaid dividends, by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"). On closing of the Arrangement, the GBP Amount will be converted into Canadian dollars at the then current GBP/CAD exchange rate and the aggregate consideration will be paid to holders of Common Shares entirely in Canadian dollars. As the GBP Amount will not be converted until closing, the Canadian-dollar value of the aggregate consideration payable per Common Share will fluctuate with the GBP/CAD exchange rate until closing of the Arrangement and may be higher or lower at closing than as of the date hereof. No hedging arrangement will be put in place and the GBP Amount will be converted at the exchange rate then applicable at closing. Based on the latest exchange rate (as of November 13, 2026), the consideration payable per Common Share in respect of the GBP Amount would be approximately C$7.82 (for total aggregate consideration of approximately C$15.27 per Common Share). Completion of the Arrangement is subject to, among other things, approval of the Supreme Court of British Columbia, approval by the holders of Common Shares and Series C Preferred Shares of the Company, completion of the CGWM UK Sale, regulatory approvals and other customary closing conditions.

Under the Voting Agreement, subject to its terms and the terms of the limited partnership agreement of the Partnership (the "Limited Partnership Agreement"), the Partnership has agreed, among other things, (i) to vote, or cause to be voted, the Common Shares held by it that are attributable to limited partners who instruct a vote in favour of the Arrangement or who do not deliver any voting instructions, in favour of the Arrangement and against any competing acquisition proposal, (ii) not to transfer its Common Shares or Convertible Debentures (as defined below) other than pursuant to the Arrangement, (iii) to waive dissent rights attaching to such Common Shares in respect of the Arrangement and (iv) if requested by the Purchaser, to convert its Convertible Debentures into Common Shares. Common Shares attributable to limited partners who instruct the Partnership to vote against the Arrangement, or to abstain, will be voted in accordance with those instructions. The Voting Agreement terminates automatically on the earlier of the completion of the Arrangement and the termination of the Arrangement Agreement, and may be terminated in certain other circumstances.

As of the date hereof, the Partnership owns 14,742,887 Common Shares, representing approximately 14.30% of the issued and outstanding Common Shares, and C$12,000,000 principal amount of 7.75% convertible unsecured senior subordinated debentures of the Company due March 15, 2029 (the "Convertible Debentures"), which are convertible into Common Shares at a conversion price of C$9.68 per Common Share. Assuming conversion in full of the Convertible Debentures held by the Partnership, the Partnership would own 15,982,556 Common Shares, representing approximately 15.32% of the issued and outstanding Common Shares (on a post-conversion basis). The Partnership's securityholdings have not changed as a result of entering into the Voting Agreement.

If the Arrangement is completed, the Partnership will sell all of the Common Shares it holds (including any Common Shares issued on conversion of the Convertible Debentures) to the Purchaser in exchange for the consideration payable under the Arrangement, and will thereafter own no securities of the Company.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

See the news release of the Company dated November 15, 2026 for further details on the Arrangement. The description of the terms of the Arrangement Agreement and the Voting Agreement contained herein is a summary only and is qualified in its entirety by the terms of the Arrangement Agreement and the Voting Agreement, which will be available under the Company's profile on SEDAR+ at www.sedarplus.ca.

This press release is being issued pursuant to the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the early warning report to be filed by the Partnership in connection with the transactions described herein will be available on the Company's SEDAR+ profile at www.sedarplus.ca.

The head office of the Company is located at 1133 Melville Street, Suite 1200, Vancouver, British Columbia, Canada, V7Y 1K8. The head office of the Partnership and its sole general partner is located at 40 Temperance Street, Suite 2100, Toronto, Ontario, Canada, M5H 0B4.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release may contain "forward-looking information" as defined under applicable securities laws ("forward-looking statements"). These statements relate to future events or future performance and reflect the Partnership's current expectations, beliefs, plans, estimates, intentions and similar statements concerning anticipated future events, and circumstances that are not historical facts. Forward-looking statements include statements with respect to the Transaction and Arrangement, including the anticipated timing of completion of the Arrangement, the receipt of required shareholder, court and regulatory approvals, the completion of the CGWM UK Sale, the exercise by the Partnership of the voting rights attached to its Common Shares in accordance with the Voting Agreement and the Limited Partnership Agreement, any conversion of the Convertible Debentures, and the disposition by the Partnership of its Common Shares pursuant to the Arrangement. Such forward-looking statements reflect the Partnership's current beliefs and are based on information currently available to it. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend", "could" or the negative of these terms or other comparable terminology. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements.

In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement. These factors include, but are not limited to, the failure to obtain shareholder, court or regulatory approvals, or to satisfy other closing conditions, on a timely basis or at all; fluctuations in the GBP/CAD exchange rate, which may reduce the Canadian-dollar value of the consideration payable per Common Share; the failure to complete the CGWM UK Sale; the failure of the Purchaser to obtain financing; the termination of the Arrangement Agreement; market and general economic conditions; the dynamic nature of the financial services industry; and the risks and uncertainties discussed from time to time in the Company's filings on www.sedarplus.ca (such as its interim condensed and annual consolidated financial statements, its annual report and its annual information form).

Although the forward-looking statements contained in this press release are based upon assumptions that the Partnership believes are reasonable, there can be no assurance that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this press release and should not be relied upon as representing the Partnership's views as of any date subsequent to the date of this press release. Except as may be required by applicable law, the Partnership does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking statements, whether as a result of new information, further developments or otherwise.

SOURCE CG Partners Limited Partnership