Mr. John Varnell reports

FAIRFAX COMPLETES US$750,000,000 SENIOR NOTES OFFERING

Fairfax Financial Holdings Ltd. has completed its previously announced private offering of $750-million (U.S.) in aggregate principal amount of 6.200 per cent senior notes due 2056.

Fairfax intends to use the net proceeds of this offering for general corporate purposes.

The offering was made solely by means of a private placement either to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended, or to certain non-U.S. persons in offshore transactions pursuant to Regulation S under the securities act.

In connection with the closing of the offering, Fairfax entered into a customary registration rights agreement.

Fairfax is a holding company that, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.

We seek Safe Harbor.