Class Action Dismissed

Fri Oct 12, 2012 2:30pm EDT

* Reuters is not responsible for the content in this press release.

Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) announces that
the purported class action commenced in July 2011 against Fairfax and
others, alleging violations of U.S. federal securities laws between May
2003 and March 2006, has been dismissed with prejudice ("with prejudice"
meaning that the action cannot be revived). The United States Court of
Appeals for the Second Circuit approved a stipulation, in which the
plaintiff agreed to voluntarily dismiss with prejudice its appeal of the
dismissal of this action earlier this year by the United States District
Court for the Southern District of New York. This action was
substantially identical to a purported class action filed against Fairfax
in 2006 by other plaintiffs, which was dismissed prior to the
commencement of the 2011 action. Neither Fairfax nor any other defendant
made any settlement or other payment to the plaintiffs in connection with
the two above-mentioned actions.

    Fairfax Financial Holdings Limited is a financial services holding
company which, through its subsidiaries, is engaged in property and
casualty insurance and reinsurance and investment management.

Fairfax Financial Holdings Limited
John Varnell
Vice President, Corporate Development
(416) 367-4941

Media Contact
Fairfax Financial Holdings Limited
Paul Rivett
Vice President, Operations
(416) 367-4941

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