Fairfax Announces Repayment of GFIC Loan Note

TORONTO, ONTARIO–(Marketwire – Oct. 25, 2012) – Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U)

(Note: All dollar amounts in this news release are expressed in U.S. dollars, except as otherwise noted. The financial results are reported under International Financial Reporting Standards, except as otherwise noted.)

Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) announces that TIG Insurance Company, a runoff subsidiary of Fairfax, has today agreed with the holder of the loan note issued by TIG in connection with its acquisition of General Fidelity Insurance Company in February 2011 to pay $200 million in full and final satisfaction of that loan note. It is expected that that payment will be made on or before November 9, 2012.

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.