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Fairfax Closes Cunningham Lindsey Transaction


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© Marketwire 2012
2012-12-11 01:38:17 -

TORONTO, ONTARIO -- (Marketwire) -- 12/11/12 --


(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 the closing of the previously announced disposition of its interest in Cunningham Lindsey Group Limited for proceeds of approximately $270 million. Fairfax's interest in Cunningham Lindsey was carried in its financial statements at approximately $110 million. Fairfax has re-invested approximately $34 million of the closing proceeds into shares of Cunningham Lindsey in order to retain an equity interest in the company of approximately 9%.


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.



Contacts:

Fairfax Financial Holdings Limited

John Varnell

Corporate Development

(416) 367-4941


Media Contact

Fairfax Financial Holdings Limited

Paul Rivett

Vice President, Operations

(416) 367-4941



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