Intention to Make a Normal Course Issuer Bid for Subordinate Voting Shares and Preferred Shares

TORONTO, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Fairfax of its intention to commence a Normal Course Issuer Bid (“NCIB”) through the facilities of the TSX (or other alternative Canadian trading systems) for its Subordinate Voting Shares and the following series of its Preferred Shares: Cumulative 5-Year Rate Reset Preferred Shares, Series C (“Series C Shares”), Cumulative Floating Rate Preferred Shares, Series D (“Series D Shares”), Cumulative 5-Year Rate Reset Preferred Shares, Series E (“Series E Shares”), Cumulative Floating Rate Preferred Shares, Series F (“Series F Shares”), Cumulative 5-Year Rate Reset Preferred Shares, Series G (“Series G Shares”), Cumulative Floating Rate Preferred Shares, Series H (“Series H Shares”), Cumulative 5-Year Rate Reset Preferred Shares, Series I (“Series I Shares”), Cumulative Floating Rate Preferred Shares, Series J (“Series J Shares”), Cumulative 5-Year Rate Reset Preferred Shares, Series K (“Series K Shares”) and Cumulative 5-Year Rate Reset Preferred Shares, Series M (“Series M Shares” and, together with the Series C Shares, Series D Shares, Series E Shares, Series F Shares, Series G Shares, Series H Shares, Series I Shares, Series J Shares and Series K Shares, the “Preferred Shares”). Purchases will be made in accordance with the rules and policies of the TSX. Subordinate Voting Shares purchased will be either cancelled or reserved for share-based payment awards and Preferred Shares purchased will be cancelled.

As stated in the notice, Fairfax’s board of directors has approved the purchase on the TSX, during the period commencing September 30, 2023 and ending September 29, 2024, of Subordinate Voting Shares and Preferred Shares up to the following limits:

				Limit on Purchases
	Securities Outstanding1	Public Float	Average Daily Trading Volume	Total Limit2	Daily Limit3
Subordinate Voting Shares	24,353,736	23,415,646	33,166	2,341,564	8,291
Series C Shares	7,515,642	7,510,342	5,589	751,034	1,397
Series D Shares	2,484,358	1,784,158	2,954	178,415	1,000
Series E Shares	5,440,132	5,436,132	2,464	543,613	1,000
Series F Shares	2,099,046	1,753,096	2,511	175,309	1,000
Series G Shares	7,719,843	7,719,843	8,044	771,984	2,011
Series H Shares	2,280,157	2,280,157	1,852	228,015	1,000
Series I Shares	10,420,101	10,420,101	6,105	1,042,010	1,526
Series J Shares	1,579,899	1,579,899	888	157,989	1,000
Series K Shares	9,500,000	9,500,000	3,916	950,000	1,000
Series M Shares	9,200,000	9,196,000	3,391	919,600	1,000

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