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Fairfax Financial Holdings Limited: Fairfax Reminds Northbridge Shareholders of Expiry of Privatization Offer Today at 5:00 P.M

  //business-finance.news-articles.net/content/200 .. ry-of-privatization-offer-today-at-5-00-p-m.html
  Published in Business and Finance on Tuesday, January 13th 2009 at 12:13 GMT, Last Modified on 2009-01-13 12:13:44 by Market Wire
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TORONTO, ONTARIO--(Marketwire - Jan. 13, 2009) -

(Note: All dollar amounts in this press release are expressed in Canadian dollars)

Fairfax Financial Holdings Limited (TSX:FFH)(NYSE:FFH) wishes to remind all Northbridge shareholders that the offer made by Fairfax's wholly-owned subsidiary to purchase all of the outstanding common shares of Northbridge not already owned by Fairfax and its affiliates at a price of $39.00 in cash per share expires today at 5:00 p.m. (Toronto time), unless the Offer is withdrawn or extended.

The Offer is subject to certain customary conditions, including that at least 50.1% of the shares outstanding (on a fully diluted basis) other than those beneficially owned by Fairfax and its affiliates have been tendered to the Offer at the time of expiry. Based on the tenders received to date by the depositary for the Offer and provided such tendered shares are not withdrawn before the expiry, the minimum tender condition and all other conditions will have been met. On successful completion of the Offer, Fairfax intends to take up and pay for the deposited shares as soon as practicable.

Shareholders requiring assistance to tender their shares should immediately contact:

 Laurel Hill Advisory Group
 North American Toll Free: 1-866-588-7131
 Banks, Brokers and Financial Institutions Tel: (416) 637-4661
 E-mail: [ assistance@laurelhillag.com ]