FAIRFAX News Release
Stock Symbol: TSX (FFH and FFH.U)
TORONTO, July 28, 2010
FAIRFAX COMPLETES $250 MILLION OFFERING OF PREFERRED SHARES
( Note : All dollar amounts in this press release are expressed in Canadian dollars.)
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) has completed its previously announced public offering
of Preferred Shares, Series G (the “Series G Shares”) in Canada. As a result of the underwriters’ exercising in full
their option to purchase an additional 2,000,000 Series G Shares, Fairfax has issued 10,000,000 Series G Shares
for gross proceeds of $250 million. Net proceeds of the issue, after commissions and expenses, are approximately
Fairfax intends to use the net proceeds of the offering to augment its cash position, to increase short term
investments and marketable securities held at the holding company level, to retire outstanding debt and other
corporate obligations from time to time, and for general corporate purposes.
The Series G Shares were sold through a syndicate of Canadian underwriters led by BMO Capital Markets,
CIBC, RBC Capital Markets and Scotia Capital, and that also included TD Securities, National Bank Financial,
Cormark Securities, GMP Securities, Canaccord Genuity, Desjardins Securities and HSBC Securities (Canada).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale
of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. The securities have not been and will not be
registered under the United States Securities Act of 1933.
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 contact:
John Varnell, Chief Financia