Mr. John Varnell reports

FAIRFAX INDIA HOLDINGS CORPORATION: SECOND QUARTER FINANCIAL RESULTS

Fairfax India Holdings Corp. had a net loss of $2.18-million in the second quarter of 2015 (two-cent net loss per basic share) primarily due to unrealized losses on its bond portfolio. Book value per basic share decreased to $9.45 at June 30, 2015, due to unrealized bond and foreign currency translation losses. (All dollar amounts in this news release are expressed in U.S. dollars, except as otherwise noted. The financial results are reported under international financial reporting standards, except as otherwise noted.)

Highlights in the second quarter of 2015 included the following:

• At June 30, 2015, common shareholders' equity was $1,007.9-million.

Subsequent to quarter-end:

• On July 14, 2015, the company announced an open offer to acquire up to approximately 26 per cent of the outstanding shares of India Infoline Ltd. for an aggregate consideration of approximately $255-million (U.S.) at current exchange rates, which is expected to be completed later in 2015.
• On July 20, 2015, the company agreed to acquire approximately 74 per cent of National Collateral Management Services Ltd. for an aggregate consideration of approximately $126-million (U.S.), which is expected to close in the third quarter of 2015.

We seek Safe Harbor.