Fairfax Announces Early Redemption of Allied World Notes Due November 15, 2020

(All dollar amounts in this announcement are expressed in U.S. dollars)

TORONTO, April 05, 2018 -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH) (TSX:FFH.U) announces that, on May 7, 2018, its subsidiary, Allied World Assurance Company Holdings, Ltd, is redeeming all of its outstanding 5.50% Senior Notes due November 15, 2020 (the “Notes”) at a redemption price based on the value of the remaining scheduled payments on the Notes to be calculated on May 2, 2018, plus accrued and unpaid interest, if any. There is $300 million principal amount of Notes currently outstanding.

Questions on the redemption may be directed to The Bank of New York Mellon, as Trustee, as follows:

The Bank of New York Mellon Corporate Trust
500 Ross Street, 12^th Floor
Pittsburgh, PA 15262
Attention: Michael Flickinger
Direct Dial: (412) 236-1714 | Facsimile: (412) 234-8377

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