Canaccord Genuity expands equity research group with addition to its Technology practice

11 August 2010

BOSTON, MASS., August 11, 2010 – Canaccord Genuity is pleased to announce that Heath Terry has agreed to join the firm’s equity research group as managing director, equity research of internet technologies with an anticipated start date in early November.

“I am very pleased to welcome Mr. Terry to Canaccord Genuity, not only because his research is
so highly regarded, but because his focus on internet-based companies grows our research
coverage and provides even more investment ideas for our clients,” noted Jamie Brown,
President of Canaccord Genuity Inc. (US). “Opportunities in e-commerce, online advertising and
social networking companies have become increasingly important to investors, and our
technology practice is growing to better service our clients in these promising industries.”

Mr. Terry will join Jeff Rath, managing director, equity research, in providing technology sector
coverage to Canaccord Genuity’s clients. Mr. Rath will continue to focus his research on location
technologies, new media and mobile advertising.

Mr. Terry will join Canaccord Genuity from FBR Capital Markets, where he covered Internet and Entertainment Software for the past two years. Prior to FBR, Heath was at Credit Suisse for nine years as the senior analyst covering Internet and Media companies. He has been recognized
repeatedly in external surveys, including The Wall Street Journal’s Best on the Street, Starmine,
and Forbes’ Best Brokerage Analysts for his excellent stock picking record. Heath holds an MBA from Columbia University and graduated from the University of Alabama.

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