Fairfax Sells Its Imvescor Securities

Tue Apr 2, 2013 8:22am EDT

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Marketwired

Fairfax Financial Holdings Limited

April 2, 2013 - 08:21:48 AM

Fairfax Sells Its Imvescor Securities

TORONTO, ONTARIO--(Marketwired - April 2, 2013) - 

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES.

Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH)(TSX:FFH.U) announces
the signing of an agreement with GMP Securities L.P. ("GMP"), for GMP's
purchase from Fairfax of 9,897,509 common shares and 16,334,000 common share
purchase warrants of Imvescor Restaurant Group Inc., representing 23.6% of the
common shares of Imvescor on a non-diluted basis and 45.0% of the common
shares of Imvescor if the warrants being sold were exercised. The Imvescor
shares and warrants are being sold to GMP for $26.1 million. Closing of the
sale is expected to occur on or about April 16, 2013.

Fairfax initially participated in Imvescor as part of a recapitalization
initiative in late 2011. The recapitalization was undertaken in conjunction
with the support of the Imbeault family, the founders of the Imvescor
business, and resulted in the stabilization of the company and its prospects.
Following this sale by Fairfax of its interest in Imvescor, the Imbeault
family will be the single largest shareholder of Imvescor. 

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: 
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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