Leucadia National Corporation Announces Expiration Of Consent Solicitation And Receipt Of Requisite Consent

Leucadia National Corporation (NYSE: LUK) announced today that its consent solicitation (the “Solicitation”) seeking an amendment to the indenture governing its 8 1/8% Senior Notes due 2015 (the “Notes”), expired at 5:00 p.m., New York City time, on March 7, 2013 (the “Expiration Time”). As of the Expiration Time, $415,800,660 aggregate principal amount of the Notes, representing 90.66% of the total outstanding aggregate principal amount of the Notes, validly delivered a consent for the proposed amendment. The consents received exceed the number needed to approve the proposed amendment.

As part of the Solicitation, Leucadia paid a consent fee of $5.00 per $1,000 principal amount of Notes to all consenting holders of Notes, on terms and conditions described in the consent solicitation documentation. Leucadia also paid the relevant soliciting dealer a fee of $1.50 per $1,000 principal amount of Notes, provided that such fee was only paid with respect to consents by holders of Notes whose aggregate principal amount of Notes was $1,000,000 or less.

Leucadia National Corporation, with its principal business address at 315 Park Avenue South, New York, New York 10010, is a diversified holding company engaged in a variety of businesses.

Copyright Business Wire 2010

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