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Leucadia National Corporation Declares Spin-off Dividend Of Crimson Wine Group Shares

Leucadia common shares that trade on the “regular-way” market will trade with an entitlement to Crimson common stock distributed pursuant to the spin-off. Therefore, any holders of Leucadia common shares that sell those shares in the “regular-way” market up to and including through the distribution date, will also be selling the right to receive Crimson common stock in the spin-off. In addition, it is expected that an “ex-distribution” trading market for Leucadia common shares (Symbol “LUK WI”) will commence on or prior to the record date. Leucadia common shares traded in the “regular-way” market will be quoted “ex-distribution” on February 26, 2013, which is the first business day after the distribution date. Leucadia common shares that trade on the “ex-distribution” market will trade without an entitlement to Crimson common stock distributed pursuant to the spin-off. Investors are encouraged to consult with their financial advisers regarding the specific implications of buying or selling Leucadia common shares on or before the distribution date.

Crimson common stock will not be listed on any securities exchange. Following the distribution, it is expected that Crimson common stock will be quoted on OTC Link. The CUSIP number for the Crimson common stock will be 22662X 100.

The completion of the spin-off, including the distribution of Crimson common stock to Leucadia shareholders as of the close of business on the record date, is subject to the satisfaction or waiver of certain conditions described in the Information Statement included in the Form 10 filed with the Securities and Exchange Commission, all of which Leucadia and Crimson anticipate will be satisfied on or before the distribution date.

About Leucadia

Leucadia, a New York corporation, is a diversified holding company engaged through its consolidated subsidiaries, other than Crimson, in a variety of businesses, including beef processing, manufacturing, gaming entertainment, real estate activities and medical product development. Leucadia also has a significant equity interest in Jefferies Group, Inc., and owns equity interests in operating businesses including a commercial mortgage origination and servicing business.

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