Fairfax Financial Holdings Limited TSX: FFH NYSE: FFH

TORONTO, ONTARIO--(Marketwire - Jan. 8, 2009) - Fairfax Financial Holdings Limited (TSX:FFH)(NYSE:FFH) announced today that it has acquired, through its subsidiaries, 2,478,800 units of Jazz Air Income Fund, bringing its total holdings in the Fund to 18,619,600 units or approximately 15.15% of the total units outstanding. The units were purchased through the facilities of the Toronto Stock Exchange for investment purposes. Fairfax continually reviews its investment alternatives and may purchase additional units of Jazz Air Income Fund from time to time in accordance with applicable laws.

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