Mr. Prem Watsa reports

FAIRFAX INDIA ANNOUNCES SALE OF EQUITY INTEREST IN SAURASHTRA FREIGHT PRIVATE LIMITED

Fairfax India Holdings Corp.'s wholly owned subsidiary, FIH Mauritius Investments Ltd., has entered into an agreement to sell its 51-per-cent equity interest in Saurashtra Freight Pvt. Ltd. to Kamigumi Co. Ltd., a Japanese logistics company, for 6,622 million Indian rupees (approximately $75-million (U.S.) at current exchange rates). The transaction is subject to customary closing conditions and approvals and is expected to close in the fourth quarter of 2025. Upon closing of the transaction, Fairfax India will cease to own any shares in Saurashtra.

"We would like to thank Raghav Agarwalla, founder of Saurashtra, for a wonderful partnership over the past eight years. Saurashtra was one of Fairfax India's early investments, and, under the able leadership of Raghav, Saurashtra consistently produced great financial results while continually achieving one of the highest market shares in the container freight stations business at Mundra Port. We wish Raghav continued success in all of his future endeavours," said Prem Watsa, founder of Fairfax India.

Raghav Agarwalla, founder of Saurashtra, commented: "This transaction marks the conclusion of a cherished and memorable chapter in Saurashtra's journey. Over the past eight years, Fairfax India has been an incredible partner, helping us grow the business multifold and supporting our ambitions with steady confidence. I would like to personally thank Prem for his unwavering support of me and the company. Fairfax India has played a pivotal role in transforming Saurashtra into a business worthy of becoming part of the highly respected Kamigumi Group."

About Fairfax India Holdings Corp.

Fairfax India is an investment holding company whose objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India, Indian businesses, or other businesses with customers, suppliers or business primarily conducted in or dependent on India.

We seek Safe Harbor.