Mr. John Varnell reports

FAIRFAX ANNOUNCES SUCCESSFUL COMPLETION OF SALE OF EUROLIFE LIFE INSURANCE OPERATIONS TO EUROBANK

Fairfax Financial Holdings Ltd. has successfully completed the previously announced sale of its 80-per-cent equity interest in the life insurance business operated by Eurolife FFH Insurance Group Holdings SA to Eurobank SA for cash consideration of approximately 813 million euros.

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