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Press release from Business Wire

Leucadia National Corporation Announces Nine Month 2012 Results

Tuesday, November 06, 2012

Leucadia National Corporation Announces Nine Month 2012 Results17:24 EST Tuesday, November 06, 2012 NEW YORK (Business Wire) -- Leucadia National Corporation (NYSE: LUK) today announced its operating results for the nine month period ended September 30, 2012. Net income attributable to Leucadia National Corporation common shareholders for the nine month period ended September 30, 2012 was $400,300,000 ($1.62 per diluted common share) compared to net loss attributable to Leucadia National Corporation common shareholders for 2011 of $94,206,000 ($.39 per diluted common share). For more information on the Company's results of operations for 2012, please see the Company's Form 10-Q for the nine months ended September 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 Nine Month Period Ended September 30,Period Ended September 30,2012     20112012     2011   Revenues and other income $2,187,495   $199,751   $6,682,549   $1,137,023     Net securities gains $154,207   $7,275   $581,669   $539,215     Income from continuing operations before income taxes and income (losses) related to associated companies $ 142,136 $ 16,720 $ 574,580 $ 611,339   Income taxes   61,208     13,723     231,021     242,069     Income from continuing operations before income (losses) related to associated companies 80,928 2,997 343,559 369,270   Income (losses) related to associated companies, net of taxes   36,017     (296,812 )   72,236     (470,656 )   Income (loss) from continuing operations 116,945 (293,815 ) 415,795 (101,386 )   Income from discontinued operations, net of taxes 2,015 1,690 2,632 5,581   Gain (loss) on disposal of discontinued operations, net of taxes   (4,626 )   773     (4,626 )   1,697     Net income (loss) 114,334 (291,352 ) 413,801 (94,108 )   Net (income) loss attributable to the noncontrolling interest 972 330 1,067 (98 )   Net (income) attributable to the redeemable noncontrolling interests   (8,632 )   –     (14,568 )   –     Net income (loss) attributable to Leucadia National Corporation common shareholders $106,674   $(291,022 ) $400,300   $(94,206 )   Basic earnings (loss) per common share attributable to Leucadia National Corporation common shareholders: Income (loss) from continuing operations $ .45 $ (1.20 ) $ 1.64 $ (.42 ) Income from discontinued operations .01 .01 .01 .02 Gain (loss) on disposal of discontinued operations   (.02 )   –     (.01 )   .01   Net income (loss) $.44   $(1.19 ) $1.64   $(.39 )   Number of shares in calculation   244,583     244,580     244,583     244,378     Diluted earnings (loss) per common share attributable to Leucadia National Corporation common shareholders: Income (loss) from continuing operations $ .44 $ (1.20 ) $ 1.62 $ (.42 ) Income from discontinued operations .01 .01 .01 .02 Gain (loss) on disposal of discontinued operations   (.02 )   –     (.01 )   .01   Net income (loss) $.43   $(1.19 ) $1.62   $(.39 )   Number of shares in calculation   248,910     244,580     248,910     244,378       Leucadia National CorporationLaura Ulbrandt, 212-460-1900