Mr. John Varnell reports

FAIRFAX COMPLETES US$200,000,000 RE-OPENING OF 6.000% SENIOR NOTES DUE 2033

Fairfax Financial Holdings Ltd. has completed its previously announced offering of an additional $200-million (U.S.) of its 6.000 per cent senior notes due Dec. 7, 2033. Together with the previously issued $400-million (U.S.) aggregate principal amount of notes of this series, there is $600-million (U.S.) aggregate principal amount of notes of this series outstanding. In connection with the closing of the offering, Fairfax entered into a customary registration rights agreement.

Fairfax intends to use substantially all of the net proceeds from the offering of the notes, together with a portion of the net proceeds from the issuance of the original notes, to repay outstanding indebtedness with upcoming maturities and use any remainder for repayment of other outstanding indebtedness of Fairfax or its subsidiaries and for general corporate purposes.

About Fairfax Financial Holdings Ltd.

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

We seek Safe Harbor.