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CIRCULAR December 11, 2009

CANACCORD CAPITAL CORPORATION CHANGE OF NAME

We hereby inform you of the name change of Canaccord Capital Corporation, an approved participant, to Canaccord Financial Ltd.

This change became effective

December 1, 2009.

For further information, please contact Jacques Tanguay, Vice-President, Regulatory Division, at 514 871-3518, or by e-mail at [email protected].

Jacques Tanguay Vice-President, Regulatory Division

Circular no.: 190-2009

Tour de la Bourse P.O. Box 61, 800 Victoria Square, Montréal, Quebec H4Z 1A9 Telephone: (514) 871-2424 Toll-free within Canada and the U.S.A.: 1 800 361-5353 Website: www.m-x.ca

Canaccord Capital Corporation - Bourse de Montréal

Dec 11, 2009 - approved participant, to Canaccord Financial Ltd. This change became effective ... Division, at 514 871-3518, or by e-mail at [email protected].

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