Mr. John Varnell reports

FAIRFAX INDIA ACQUIRES APPROXIMATELY 45% OF ADI FINECHEM LIMITED

Through its wholly owned subsidiaries, Fairfax India Holdings Corp. has completed its previously announced acquisition of approximately 45 per cent of the outstanding shares of ADI Finechem Ltd. for an aggregate consideration of approximately 1.3 billion Indian rupees (approximately $19-million (U.S.) at current exchange rates).