Mr. John Varnell reports

FAIRFAX COMPLETES 600 MILLION EURO SENIOR NOTES OFFERING

Fairfax Financial Holdings Ltd. has completed its previously announced offering of 600 million euros in aggregate principal amount of 2.750 per cent senior notes due 2028.

Fairfax intends to use $298.4-million of the net proceeds from the offering to redeem in full the $267.3-million outstanding principal amount of Fairfax's 7.25 per cent senior notes due June 22, 2020, plus accrued and unpaid interest thereon and the applicable premium, and to use the balance to refinance or repay other outstanding debt or other corporate obligations of Fairfax and its subsidiaries and for general corporate purposes. This may include the redemption or repurchase of certain of Fairfax's other previously issued senior unsecured notes. As of the date of this press release, with the exception of the 2020 notes, Fairfax has not made any determination as to the specific debt or other obligations to be repaid, nor the amount, timing or method of repayment. Except for the redemption of the 2020 notes, any repurchase of senior notes will be subject to market conditions, and there can be no assurance that senior notes will be available for repurchase on terms acceptable to Fairfax. Any proceeds not used to refinance or repay debt or other corporate obligations will be used to augment Fairfax's cash position, to increase short-term investments and marketable securities held at the holding company level, and/or for other general corporate purposes.

We seek Safe Harbor.