Important News

Historic Transaction between PI Financial Corp., Wolverton Securities Ltd., and Global Securities Corporation

Three Independent Vancouver-based Dealers to Combine

VANCOUVER, BC – PI Financial Corp. (PI) announced today that it has entered into definitive agreements to
acquire the client accounts of Wolverton Securities Ltd. (Wolverton) and Global Securities Corporation (Global).
Following closing, which the parties expect to complete in June and September 2016 respectively, the Wolverton
and Global client accounts and investment advisors will join PI.

“The combination of these three independent Vancouver-based dealers, all with long histories of success, builds
upon our national platform and our Western Canadian footprint,” said Max Meier, Chairman & CEO of PI
Financial Corp. “Independent dealers are essential to the health of the Canadian capital markets and provide
investors unbiased access to a full suite of investments. This transaction reflects PI’s commitment to expanding
and strengthening our business.”

Brent Wolverton, Chairman of Wolverton Securities Ltd., said, “As shifting markets continue to challenge us to
adapt, we felt the best approach moving forward was a strategic partnership. After careful consideration, we
identified PI as the most synergistic opportunity. I feel this is the best way to fulfill our ambitions to accelerate
growth, attract top advisors, and continue to offer our clients unique investment options. Above all, we look
forward to continuing to champion the right of investors to have independent choice. I look forward to working
with PI to bring our expertise in portfolio-based products and responsible investing to a wider group of clients.”

“We are very pleased with the benefits of this agreement to our clients and to our investment advisors. PI’s strong
client focus and entrepreneurial culture mirror our own and we expect a seamless transition in the months to
come,” said Art Smolensky, Chairman of Global Securities Corporation. “Together we remain committed to the
superior service and unique product offerings our clients have come to appreciate. I anticipate that our expertise
in the derivatives business will greatly enhance PI’s position in this area. Personally, I very much look forward to
working within this new larger framework.”

After the transactions, PI will have over 300 employees, 200 advisors and 40,000 clients across Canada, including
over thirty-five advisors registered as Portfolio Managers or Derivatives Portfolio Managers.

Mr. Meier said, “We are excited about our trajectory and are positive about future opportunities for investors in
the Canadian capital markets. PI is particularly pleased that Brent Wolverton and Art Smolensky will be joining
PI as senior officers, and that Art will continue his career as one of Vancouver’s top investment advisors. Our
three firms have a history of integrity, we remain committed to servicing clients and issuers across Canada, and
we are dedicated to ensuring that Vancouver remains a vibrant financial center.”

Completion of these transactions remains subject to certain conditions and regulatory approvals.

About PI, Wolverton, and Global

Founded in 1982, PI is a leading Western Canadian based, full-service investment dealer, providing a full range of
investment products and services to individual, corporate, and institutional investors. PI is 75.4% employeeowned,
and 24.6% owned by National Bank Financial, a subsidiary of National Bank of Canada. PI currently has
over 200 employees in its offices in Vancouver, Toronto, Calgary, Winnipeg, Regina, and Victoria.

PI is one of Canada’s top investment banks for small to mid cap Canadian companies and has expertise in the
resource, energy, technology, industrial products, transportation, and consumer discretionary sectors.
Wolverton, founded in 1910, has deep roots in Western Canada. Wolverton is a full-service investment dealer
offering a wide range of investment services to clients including a growing portfolio advisory offering.
Wolverton is a member of the Responsible Investing Association and a champion of the development of
responsible investment products. Wolverton has offices in Vancouver, Victoria, Langford, Courtenay, Prince
George, Kelowna, Calgary, and Edmonton.

Global was founded in 1987 and has grown to offer a full range of investment solutions with access to major
equities and commodity futures markets around the world. An employee-owned firm with locations across
Western Canada, Global built its success on establishing relationships with clients based on the highest level of
integrity, personalized services, market analysis, and trading expertise.

For more information, please contact:

Richard Thomas, Director & Corporate Secretary PI Financial Corp.
Tel: (604) 664-3617

Richard Butterworth, CEO
Wolverton Securities Ltd.
Tel: (604) 605-6320

Duncan Boggs, CEO
Global Securities Corporation
Tel: (604) 443-0832