2012-12-13 15:23:14 -

Harbinger Group Inc. Announces Pricing of the Secondary Common Stock Offering by
                              Selling Stockholders

NEW YORK -December 13, 2012 - Harbinger Group Inc. ("HGI" or the
"Company";
NYSE: HRG) today announced its registered secondary public offering of
20,000,000 shares of HGI common stock by Harbinger Capital Partners Master Fund
I, Ltd., Harbinger Capital Partners Special Situations Fund, L.P. and Global
Opportunities Breakaway Ltd., has been priced at $7.50 per share.  The selling
stockholders have also granted the underwriters an option for 30 days to
purchase up to an additional 3,000,000 shares.  As previously announced, the
Company will not sell any   shares or receive any proceeds from the offering.

Jefferies & Company, Inc. is serving as sole book-running manager and Cantor
Fitzgerald & Co. is serving as co-manager.

The offering is being made pursuant to HGI's effective shelf registration
statement. The offering will be made only by means of a prospectus supplement
and the accompanying prospectus, copies of which may be obtained from Jefferies
& Company, Inc. at 520 Madison Avenue, 12th Floor, New York, NY, 10022,
Attention: Equity Syndicate Prospectus Department, by calling (877) 547-6340 or
by emailing Prospectus_Department@Jefferies.com

A registration statement relating to these securities has been filed with and
declared effective by the Securities and Exchange Commission. This press release
shall not constitute an offer to sell or a solicitation of an offer to buy, nor
shall there be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction.

Forward Looking Statements

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of
1995: Some of the statements contained in the Press Release and certain oral
statements made by our representatives from time to time regarding the matters
discussed herein are or may be forward-looking statements. Such forward-looking
statements are based upon management's current expectations that are subject to
risks and uncertainties that could cause actual results, events and developments
to differ materially from those set forth in or implied by such forward-looking
statements. These statements and other forward-looking statements made from
time-to-time by HGI and its representatives are based upon certain assumptions
and describe future plans, strategies and expectations of HGI, are generally
identifiable by use of the words "believes," "expects,"
"intends,"
"anticipates," "plans," "seeks," "estimates,"
"projects," "may" or similar
expressions. Factors that could cause actual results, events and developments to
differ include, without limitation, the risk that closing of the acquisition of
the residential hardware and home improvement business of Stanley Black &
Decker, Inc. and certain of its subsidiaries by Spectrum Brands, Inc. or HGI
Energy Holdings, LLC's joint venture transaction with EXCO Resources, Inc.
("Energy Transaction") to create a private oil and gas limited partnership (the
"Partnership") will not occur, will be delayed or will close on terms materially
different than expected, including, in the case of the Energy Transaction, (i)
as a result of title and environmental diligence of properties to be acquired,
commodity price risks, drilling and production risks, (ii) financing plans for
the Partnership and the Energy Transaction, (iii) reserve estimates and values,
statements about the Partnership's properties and potential reserves and
production levels. Other factors could cause actual results, events and
developments to differ include, without limitation, the ability of HGI's
subsidiaries (including, following the closing of the Energy Transaction, the
Partnership) to generate sufficient net income and cash flows to make upstream
cash distributions, capital market conditions, that HGI may not be successful in
identifying any suitable future acquisition opportunities, the risks that may
affect the performance of the operating subsidiaries of HGI and those factors
listed under the caption "Risk Factors" in HGI's most recent Annual Report on
Form 10-K, filed with the Securities and Exchange Commission. All forward-
looking statements described herein are qualified by these cautionary statements
and there can be no assurance that the actual results, events or developments
referenced herein will occur or be realized. HGI does not undertake any
obligation to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to future
operation results.

About Harbinger Group Inc.

Harbinger Group Inc. ("HGI"; NYSE: HRG) is a diversified holding company. HGI's
principal operations are conducted through subsidiaries that offer life
insurance and annuity products, and branded consumer products such as batteries,
personal care products, small household appliances, pet supplies, and home and
garden pest control products. HGI is principally focused on acquiring
controlling and other equity stakes in businesses across a diversified range of
industries and growing its existing businesses. In addition to HGI's intention
to acquire controlling equity interests, HGI may also from time to time make
investments in debt instruments and acquire minority equity interests in
companies. Harbinger Group Inc. is headquartered in New York and traded on the
New York Stock Exchange under the symbol HRG.

Contacts:
Investors:
Harbinger Group Inc.
Investor Relations
Tara Glenn
212-906-8560
investorrelations@harbingergroupinc.com
Media:
Jamie Tully/Michael Henson
Sard Verbinnen & Co
212-687-8080
Source: Harbinger Group Inc.





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Source: Harbinger Group Inc. via Thomson Reuters ONE
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