News Release Regarding Early Warning Report with Respect to Securities of Katipult Technology Corp.

TORONTO, March 5, 2021 /CNW/ - Canaccord Genuity Group Inc. (TSX: CF) the "Company") announces that it has today acquired $3 million of unsecured subordinated convertible debentures (the "Debentures") of Katipult Technology Corp. ("Katipult") and 12 million common share purchase warrants of Katipult (the "Warrants" and, together with the Debentures, the "Securities"). The Debentures will mature five years from the closing date (the "Maturity Date"), bear no interest and are convertible into common shares in the capital of Katipult (the "Common Shares") at a conversion price of $0.23 per Common Share at any time until the Maturity Date. The Warrants are exercisable for Common Shares at an exercise price of $0.25 per Common Share at any time until the Maturity Date.

Immediately before the closing of the transaction, the Company held no common shares in the capital of Katipult. Following completion of the transaction, and assuming conversion in full of the Debentures and exercise of all the Warrants, the Company will hold 25,043,478 Common Shares, representing approximately 26.3%, of the post-conversion, post-exercise, issued and outstanding Common Shares.

The Company acquired the Securities for investment purposes only, and depending on market and other conditions, the Company may from time to time in the future increase or decrease its ownership, control or direction over securities of Katipult, through market transactions, private agreements, or otherwise.

This news release is issued pursuant to National Instrument 62-103 – Early Warning System and Related Takeover Bids and Insider Reporting Issues of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. Such early warning reports will be filed within the timelines required by applicable securities laws and made available on the Company's SEDAR profile.

Katipult's head office is located at 340, 318 – 11th Avenue S.E., Calgary, Alberta T2G 0Y2.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ABOUT CANACCORD GENUITY GROUP INC.

Through its principal subsidiaries, Canaccord Genuity Group Inc. (the "Company") 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. We achieve this by generating value for our 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 UK, Guernsey, Jersey, the Isle of Man and Australia. The Company's international capital markets division operates in North America, UK & Europe, Asia, Australia and the Middle East.

Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSX.

www.cgf.com/investor-relations

SOURCE Canaccord Genuity Group Inc.

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