Mr. Paul Rivett reports

FAIRFAX FINANCIAL AND ALLIED WORLD RECEIVE ALL REGULATORY APPROVALS TO COMPLETE EXCHANGE OFFER

Fairfax Financial Holdings Ltd. and Allied World Assurance Company Holdings AG have received all regulatory approvals that are necessary to complete Fairfax's previously announced offer for all of the outstanding registered ordinary shares of Allied World. All conditions to completion of the offer, other than the 90-per-cent minimum tender condition, have therefore been satisfied. You are urged to tender your shares as soon as possible.

The offer is set to expire at 11:59 p.m. New York time on June 30, 2017, unless the offer is extended.

Allied World shareholders who have not yet accepted the offer are urged to do so as soon as possible and in any event by 11:59 p.m. New York time on June 30, 2017, which is when the offer and withdrawal rights will expire, unless the offer is extended. Financial intermediaries holding Allied World shares on your behalf may have set earlier deadlines for shareholders to notify them of their intention to accept the offer, and, so, if you intend to accept the offer, you should contact your financial intermediary (if relevant) to ensure you are aware of any such deadline. Full details of how to accept the offer are set out in the registration statement on Form F-4, which includes a prospectus, and the tender offer statement on Schedule TO (including the related letter of transmittal and other offer documents) filed by Fairfax with the U.S. Securities and Exchange Commission and available on the SEC's website and on Fairfax's website.

If you require further information on how to tender your Allied World shares, please contact Georgeson LLC, the information agent for the offer, toll-free at 1-800-248-7690.

About Fairfax Financial Holdings Ltd.

Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance, and reinsurance and investment management.

We seek Safe Harbor.