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Press release from Business Wire

Leucadia National Corporation Announces Six Month 2012 Results

Wednesday, August 01, 2012

Leucadia National Corporation Announces Six Month 2012 Results17:43 EDT Wednesday, August 01, 2012 NEW YORK (Business Wire) -- Leucadia National Corporation (NYSE:LUK) today announced its operating results for the six month period ended June 30, 2012. Net income attributable to Leucadia National Corporation common shareholders for the six month periods ended June 30, 2012 and 2011 was $293,626,000 ($1.18 per diluted common share) and $196,816,000 ($.80 per diluted common share), respectively. For more information on the Company's results of operations for the first half of 2012, please see the Company's Form 10-Q for the six months ended June 30, 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 For the Six Month Period Ended June 30,Period Ended June 30,   2012         2011     2012         2011     Revenues and other income $2,141,645   $753,441   $4,565,933   $1,037,475     Net securities gains $2,526   $529,637   $427,462   $531,940     Income from continuing operations before income taxes and income (losses) related to associated companies $ 71,592 $ 519,192 $ 430,037 $ 598,722   Income taxes   33,945     190,108     167,462     229,161     Income from continuing operations before income (losses) related to associated companies 37,647 329,084 262,575 369,561   Income (losses) related to associated companies, net of taxes   (226,320)   (145,796)   36,219     (173,844)   Income (loss) from continuing operations (188,673 ) 183,288 298,794 195,717   Income from discontinued operations, including gain on disposal, net of taxes   905     3,170     673     1,527     Net income (loss) (187,768 ) 186,458 299,467 197,244   Net (income) loss attributable to the noncontrolling interest 297 (149 ) 95 (428 )   Net (income) attributable to the redeemable noncontrolling interests   (9,780)   –     (5,936)   –     Net income (loss) attributable to Leucadia National Corporation common shareholders $(197,251)$186,309   $293,626   $196,816     Basic earnings (loss) per common share attributable to Leucadia National Corporation common shareholders: Income (loss) from continuing operations $ (.81 ) $ .75 $ 1.20 $ .80 Income from discontinued operations, including gain on disposal   –     .01     –     .01   Net income (loss) $(.81 ) $.76   $1.20   $.81     Number of shares in calculation   244,583     244,521     244,583     244,290     Diluted earnings (loss) per common share attributable to Leucadia National Corporation common shareholders:   Income (loss) from continuing operations $ (.81 ) $ .74 $ 1.18 $ .79 Income from discontinued operations, including gain on disposal   –     .01     –     .01   Net income (loss) $(.81 ) $.75   $1.18   $.80     Number of shares in calculation   244,583     249,026     248,910     248,971     Leucadia National CorporationLaura Ulbrandt, 212-460-1900