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Press release from Marketwire

Fairfax Announces Disposition of Its Interest in Cunningham Lindsey Group Limited

Monday, October 01, 2012

Fairfax Announces Disposition of Its Interest in Cunningham Lindsey Group Limited03:00 EDT Monday, October 01, 2012TORONTO, ONTARIO--(Marketwire - Oct. 1, 2012) - (Note: All dollar amounts in this press release are expressed in U.S. dollars.)Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH)(TSX:FFH.U) announces that Cunningham Lindsey Group Limited has entered into a merger agreement pursuant to which Fairfax will effectively sell its interest in Cunningham Lindsey for proceeds of approximately $260 million, subject to closing adjustments. Fairfax's interest in Cunningham Lindsey is currently recorded in its financial statements at $108.3 million. Fairfax will invest up to approximately $35 million of the proceeds in shares of Cunningham Lindsey on closing to continue to be a minority shareholder. The transaction is subject to normal closing conditions including regulatory approvals and is expected to close in the fourth quarter.Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.FOR FURTHER INFORMATION PLEASE CONTACT: John VarnellFairfax Financial Holdings LimitedVice President, Corporate Development(416) 367-4941ORFairfax Financial Holdings LimitedMedia ContactPaul RivettVice President, Operations(416) 367-4941