Mr. John Varnell reports

FAIRFAX INDIA ANNOUNCES SALE OF EQUITY INTEREST IN SANMAR CHEMICAL ENTERPRISES LIMITED

Fairfax India Holdings Corp.'s wholly owned subsidiary, FIH Mauritius Investments Ltd., has sold 1,742,987 equity shares, representing its entire equity interest, in Sanmar Chemical Enterprises Ltd.(SCEL) to an affiliate of SCEL for 2,480 million Indian rupees (approximately $27-million (U.S.) at current exchange rates). Following the sale, Fairfax India has no economic interest in SCEL. Note: All dollar amounts in this news release are expressed in United States dollars except as otherwise noted.

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 and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India.

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