Fairfax Financial Holdings Limited announced the commencement of cash tender offers to purchase a targeted aggregate principal amount of notes of up to CAD 250 million consisting of its outstanding 7.50% Senior Notes due 2019, 7.25% Senior Notes due 2020 and 6.40% Senior Notes due 2021. The purpose of these cash tender offers is to reduce gross indebtedness of Fairfax through the early repayment of the Notes. Fairfax will be funding the cash tender offers with the proceeds of its recently-completed public offering of 4.70% senior notes due 2026. The offers to purchase the 2019 Notes, the 2020 Notes and the 2021 Notes are being made to the registered holders of the Notes upon the terms and subject to the conditions described in the offer to purchase dated January 30, 2017 and the related Letter of Transmittal. Beneficial owners of Notes must follow the procedures for tendering outlined in the Offer to Purchase, and are advised to contact their broker, dealer, commercial bank, trust company or other intermediary through which they hold Notes.