Fairfax India Completes US$500 Million Senior Notes Giving Toronto Stock Exchange:FIH.U

NOT FOR DISTRIBUTION TO U.S. News WIRE Companies OR DISSEMINATION IN THE UNITED STATES

TORONTO, Feb. 26, 2021 (Globe NEWSWIRE) — Fairfax India Holdings Company (“Fairfax India” or the “Company”) (TSX: FIH.U) has accomplished its beforehand declared providing of US$500 million in combination principal amount of 5.000% Senior Notes because of 2028 (the “Notes”).

Fairfax India intends to use the net proceeds from this giving to repay most of the indebtedness presently excellent beneath its secured phrase mortgage facility.

The featuring was manufactured only by suggests of a personal placement either to certified institutional buyers pursuant to Rule 144A beneath the U.S. Securities Act of 1933, as amended (the “Securities Act”) who are also competent purchasers (as described in Portion 2(a)(51) beneath the Financial commitment Corporation Act of 1940, as amended), or to certain non-U.S. folks in offshore transactions pursuant to Regulation S under the Securities Act. The Notes have not been registered less than the Securities Act and the Notes may not be offered or marketed in the United States absent registration or an relevant exemption from the registration demands of the Securities Act. The Notes have not been and will not be certified for sale beneath the securities rules of any province or territory of Canada and may possibly not be provided or offered specifically or indirectly in Canada or to or for the reward of any resident of Canada, besides pursuant to relevant prospectus exemptions.

This push release shall not represent an offer to promote or the solicitation of an offer to purchase nor shall there be any sale of the Notes in any jurisdiction in which these supply, solicitation or sale would be illegal. Any gives of the Notes have been manufactured only by indicates of a private giving memorandum.

Fairfax Economical Holdings Restricted (“Fairfax Financial”), straight or indirectly, acquired approximately $58.4 million aggregate principal sum of the Notes (symbolizing approximately 11.7% of the Notes), which is regarded a “related party transaction” in the this means of Multilateral Instrument 61-101 – Defense of Minority Security Holders in Distinctive Transactions (“MI 61-101”). The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 in respect of Fairfax Financial’s participation in the offering. The Enterprise did not file a substance improve report 21 days prior to the closing of the presenting of the Notes as the details of the participation of “related parties” in the supplying had been not known at these types of time.

Fairfax India is an expenditure keeping company whose goal is to attain extended phrase capital appreciation, while preserving money, by investing in general public and personal fairness securities and credit card debt instruments in India and Indian firms or other companies with clients, suppliers or business mostly carried out in, or dependent on, India.

For additional details, call:               
John Varnell, Vice President, Corporate Affairs
(416) 367-4755

Forward-seeking details

This push release might contain ahead-wanting statements inside the this means of applicable securities laws. Ahead-on the lookout statements could relate to the Company’s or an Indian Investment’s future outlook and expected activities or effects and could consist of statements about the monetary position, organization method, advancement approach, budgets, functions, money effects, taxes, dividends, programs and aims of the corporation. Significantly, the meant use of the web proceeds from the offering of Notes, and statements regarding potential effects, performance, achievements, potential clients or prospects of the Corporation, an Indian Expense, or the Indian current market are forward-seeking statements. In some instances, forward-seeking statements can be determined by the use of forward-seeking terminology this sort of as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate” or “believes”, or versions of these types of text and phrases or state that selected actions, activities or benefits “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. Ahead-on the lookout statements are primarily based on our views and estimates as of the date of this press launch, and they are issue to acknowledged and unfamiliar hazards, uncertainties, assumptions and other factors that might trigger the real outcomes, stage of exercise, overall performance or achievements to be materially distinct from these expressed or implied by this kind of ahead-wanting statements, including but not constrained to the following factors: taxation of the Company, its shareholders and subsidiaries risk of considerable reduction of funds geographic focus of investments hazards involved with the worldwide pandemic brought on by COVID-19, and the relevant global reduction in commerce and considerable downturns in stock marketplaces worldwide financial market fluctuations command or important influence position threat minority investments threats upon inclinations of investments bridge financings reliance on important personnel and challenges affiliated with the Investment Advisory Arrangement result of charges functioning and financial challenges of investments valuation methodologies entail subjective judgments lawsuits overseas forex fluctuation not known deserves and risks of upcoming investments illiquidity of investments competitive sector for financial investment prospects use of leverage important ownership by Fairfax Financial Holdings Restricted might adversely affect the sector price of the subordinate voting shares investing price tag of subordinate voting shares relative to e-book benefit for every share emerging markets volatility of the Indian securities markets political, economic, social and other things all-natural catastrophe threats sovereign credit card debt hazard financial danger climate possibility, oil price tag risk and adverse repercussions to the Company’s small business, investments and staff resulting from or relevant to the COVID-19 pandemic. More hazards and uncertainties are described in the Company’s yearly details form dated March 6, 2020 which is available on SEDAR at www.sedar.com and on the Company’s web site at www.fairfaxindia.ca. These things and assumptions are not supposed to stand for a finish list of the factors and assumptions that could have an effect on the Firm. These components and assumptions, however, really should be regarded as carefully. Despite the fact that the Organization has attempted to recognize essential components that could result in true results to differ materially from all those contained in ahead-seeking statements, there may possibly be other factors that bring about results not to be as expected, believed or meant. There can be no assurance that such statements will establish to be exact, as true success and potential activities could vary materially from those people expected in this sort of statements. Accordingly, audience need to not put undue reliance on ahead-looking statements. The Corporation does not undertake to update any forward-searching statements contained herein, other than as necessary by applicable securities legal guidelines.