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Press release from Business Wire

Leucadia National Corporation Announces First Quarter 2012 Results

Friday, May 04, 2012

Leucadia National Corporation Announces First Quarter 2012 Results17:07 EDT Friday, May 04, 2012 NEW YORK (Business Wire) -- Leucadia National Corporation (NYSE:LUK) today announced its operating results for the three month period ended March 31, 2012. Net income attributable to Leucadia National Corporation common shareholders for the three month periods ended March 31, 2012 and 2011 was $490,877,000 ($1.97 per diluted common share) and $10,507,000 ($.04 per diluted common share). For more information on the Company's results of operations for the first quarter of 2012, please see the Company's Form 10-Q for the three months ended March 31, 2012, which was filed with the Securities and Exchange Commission today. SUMMARY FOR LEUCADIA NATIONAL CORPORATION AND SUBSIDIARIES (In thousands, except per share amounts) (Unaudited)     For the Three Month Period Ended March 31,2012   2011   Revenues and other income $2,424,288   $284,034     Net securities gains $424,936   $2,303     Income from continuing operations before income taxes and income (losses) related to associated companies $ 358,445 $ 79,530   Income taxes   133,517     39,053     Income from continuing operations before income (losses) related to associated companies 224,928 40,477   Income (losses) related to associated companies, net of taxes   262,539     (28,048)   Income from continuing operations 487,467 12,429   Loss from discontinued operations, including gain on disposal, net of taxes (232 ) (1,643 )   Net income 487,235 10,786   Net income attributable to the noncontrolling interest (202 ) (279 )   Net loss attributable to the redeemable noncontrolling interest   3,844     –     Net income attributable to Leucadia National Corporation common shareholders $490,877$10,507   Basic earnings (loss) per common share attributable to Leucadia National Corporation common shareholders: Income from continuing operations $ 2.01 $ .05 Loss from discontinued operations, including gain on disposal   –     (.01 ) Net income $2.01   $.04     Number of shares in calculation   244,583     244,082     Diluted earnings (loss) per common share attributable to Leucadia National Corporation common shareholders: Income from continuing operations $ 1.97 $ .05 Loss from discontinued operations, including gain on disposal   –     (.01 ) Net income $1.97   $.04     Number of shares in calculation   248,945     244,620   Leucadia National CorporationLaura Ulbrandt, 212-460-1900