Intention to Make a Normal Course Issuer Bid for Subordinate Voting Shares and Preferred Shares

Core Viewpoint - Fairfax Financial Holdings Limited has announced its intention to commence a Normal Course Issuer Bid (NCIB) for its Subordinate Voting Shares and specific series of Preferred Shares, believing these represent an attractive investment opportunity [1][3]. Summary by Sections NCIB Details - The NCIB will commence on September 30, 2025, and end on September 29, 2026, allowing for the purchase of Subordinate Voting Shares and Preferred Shares up to specified limits [2]. - The limits on purchases are as follows: - Subordinate Voting Shares: 22,477,575 outstanding, with a total limit of 2,187,316 and a daily limit of 11,371 [2]. - Series I Shares: 10,420,101 outstanding, with a total limit of 1,042,010 and a daily limit of 3,424 [2]. - Series J Shares: 1,579,899 outstanding, with a total limit of 157,989 and a daily limit of 1,000 [2]. - Series K Shares: 9,500,000 outstanding, with a total limit of 950,000 and a daily limit of 1,571 [2]. Previous NCIB Performance - Under its existing NCIB, Fairfax has purchased 837,057 Subordinate Voting Shares at an average price of Cdn.$2,090.47, with no Preferred Shares purchased [4]. Automatic Share Purchase Plan (ASPP) - Fairfax has entered into an ASPP with a designated broker to facilitate purchases during regulatory restrictions or internal trading black-out periods [5]. - The ASPP will be effective from September 30, 2025, and will terminate upon reaching the maximum purchase limit, expiration of the NCIB, or termination by Fairfax [7]. Company Overview - Fairfax is primarily engaged in property and casualty insurance and reinsurance, along with associated investment management through its subsidiaries [8].