Harbinger Group Announces Stock Offering by Selling Holders

Harbinger Group Inc.

today announced a registered secondary public offering of shares of its common stock by Harbinger Capital Partners Master Fund I, Ltd., Harbinger Capital Partners Special Situations Fund, L.P. and Global Opportunities Breakaway Ltd.  The selling stockholders intend to grant the underwriters an option for 30 days to purchase additional shares.  The Company will not sell any shares or receive any proceeds from the offering. Jefferies & Company, Inc. is serving as sole book-running manager and Cantor Fitzgerald & Co. is serving as co-manager.