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Press release from Business Wire

Leucadia National Corporation Announces First Quarter 2013 Results

Thursday, May 09, 2013

Leucadia National Corporation Announces First Quarter 2013 Results

10:25 EDT Thursday, May 09, 2013

NEW YORK (Business Wire) -- Leucadia National Corporation (NYSE: LUK) today announced its operating results for the three month period ended March 31, 2013. Net income attributable to Leucadia National Corporation common shareholders for the three month periods ended March 31, 2013 and 2012 was $305,103,000 ($1.08 per diluted common share) and $490,877,000 ($1.97 per diluted common share), respectively. These results do not reflect the operations of Jefferies Group LLC and its subsidiaries, which was acquired in March 2013. Jefferies results of operations will initially be included in the Company's consolidated results of operations commencing with the quarter ending June 30, 2013.

For more information on the Company's results of operations for the first quarter of 2013, please see the Company's Form 10-Q for the three months ended March 31, 2013, 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,
2013   2012
 
Revenues and other income $ 2,144,036   $ 2,385,261  
 
Realized securities gains $ 229,891   $ 424,936  
 
Income from continuing operations before income taxes and
income related to associated companies $ 135,250 $ 356,392
 
Income taxes   67,602     133,425  
 
Income from continuing operations before income
related to associated companies 67,648 222,967
 
Income related to associated companies, net of taxes   233,122     262,539  
 
Income from continuing operations 300,770 485,506
 
Income (loss) from discontinued operations, including
loss on disposal, net of taxes   (481 )   1,729  
 
Net income 300,289 487,235
 
Net (income) loss attributable to the noncontrolling interest 622 (202 )
 
Net loss attributable to the redeemable noncontrolling interest 4,531 3,844
 
Preferred stock dividends   (339 )    
 
Net income attributable to Leucadia National Corporation
common shareholders $ 305,103   $ 490,877  
 
Basic earnings (loss) per common share attributable
to Leucadia National Corporation common shareholders:
Income from continuing operations $ 1.10 $ 2.00
Income (loss) from discontinued operations, including loss on disposal       .01  
Net income $ 1.10   $ 2.01  
 
Number of shares in calculation   275,735     244,583  
 
Diluted earnings (loss) per common share attributable
to Leucadia National Corporation common shareholders:
Income from continuing operations $ 1.08 $ 1.97
Income (loss) from discontinued operations, including loss on disposal        
Net income $ 1.08   $ 1.97  
 
Number of shares in calculation   281,587     248,945  

Leucadia National Corporation
Laura Ulbrandt, 212-460-1900

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