Leucadia National Corporation to Redeem Its 7-1/8% Senior Notes and 8.65% Junior Subordinated Deferrable Interest Debentures

Leucadia National Corporation (NYSE:

) announced today that it intends to call for redemption on March 15, 2012 (the “Redemption Date”) all of the aggregate principal amount outstanding of its 7-1/8% Senior Notes due 2017 (the “Notes”) and all of the aggregate principal amount outstanding of its 8.65% Junior Subordinated Deferrable Interest Debentures due 2027 (the “Debentures”). The Notes will be redeemed in accordance with the terms of the Indenture dated as of March 6, 2007 between the Company and The Bank of New York, as Trustee. The redemption price for the Notes is 103.563% of the principal amount, plus accrued and unpaid interest (the “Notes Redemption Price”).