FFH.U Fairfax Financial Holdings Limited

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES.


Fairfax Financial Holdings Limited ("Fairfax" or the "Company")
(TSX:FFH)(TSX:FFH.U) has announced today that it has entered into an agreement
with a syndicate of underwriters led by BMO Capital Markets and CIBC, under
which the underwriters have agreed to buy on a bought deal basis 1,000,000
Subordinate Voting Shares (the "Subordinate Voting Shares"), at a price of
C$431.00 per Common Share for gross proceeds of C$431,000,000 (the "Offering").
The offering is expected to close on November 15, 2013.


Fairfax intends to use the net proceeds of the offering to augment its cash
position at the holding company and for general corporate purposes.


The Subordinate Voting Shares will be qualified for sale in Canada by way of a
prospectus supplement to the Company's short form base shelf prospectus dated
December 10, 2012, which will be filed in each of the provinces and territories
of Canada.


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements. 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 the securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful.


About Fairfax

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 PLEASE CONTACT: 
Fairfax Financial Holdings Limited
John Varnell
Vice President, Corporate Development
(416) 367-4941

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