FY2006

FY2005

Report to Shareholders Q1 Q2 Q3 Q4 Dividend clarification release

Supplemental Information Q1 Q2 Q3 Q4

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This Web site contains certain forward-looking statements. These statements relate to future events or future performance and reflect management's expectations regarding Canaccord's growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. 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" or the negative of these terms or other comparable terminology. 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, prospective purchasers should specifically consider various factors, including the risks outlined under "Risk Factors" and elsewhere in Canaccord's Annual Report filed on SEDAR, which may cause actual results to differ materially from any forward-looking statement. Although the forward-looking statements contained in this Web site are based upon what management believes to be reasonable assumptions, Canaccord cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of posting on the Web site, and Canaccord assumes no obligation to update or revise them to reflect new events or circumstances.