8/19/2019 Leucadia Annual Meeting May 2015

1/2

Leucadia National Corporation

2015 Annual MeetingMay 21, 2015

8/19/2019 Leucadia Annual Meeting May 2015

2/2

Conwed (100%)$117 Million

National Beef (79%)$781 Million

Linkem (55%)$145 Million

 Jefferies Finance (50%)$520 Million

KCG Holdings (19%)$283 Million

($62 Million at Cost)

Idaho Timber (100%)$72 Million

Harbinger (23%)$582 Million

($476 Million at Cost)

Vitesse Energy (96%)$248 Million

Financial Services$7.5 Billion  Merchant Banking$2.4 Billion  Corporate / Liquidity$1.9 Billion

 JefferiesLoanCore (49%) 

$302 Million

 Jefferies (100%)$5.5 Billion

FXCM$947 Million

($191 Million Invested,Net of Receipts) (4)

HomeFed (65%) 

$235 Million (5) ($456 Million at MV) (6)

Parent CompanyCash & Investments 

$1.0 Billion (1, 3)

Deferred Tax Asset 

$1.1 Billion (7)

Common Equity – $10.7 Billion (2)

Preferred Equity – $0.125 Billion 

Parent Debt – $1.0 Billion (1)

Leucadia National CorporationParent Capital – $11.8 Billion (1)

Folger Hill 

Structured Alpha

Topwater Capital

Leucadia AssetManagement (100%)

$565 Million (3) 

Global Equity Events 

 Juneau Energy (98%)$199 Million

Garcadia (~75%)$186 Million

Mazama Capital 

CoreCommodity

Golden Queen (34%)$70 Million

Berkadia (50%)$219 Million

Foursight (100%) andChrome (63%)

$65 Million

Note: Dollar amounts are Leucadia’s net carrying amount as of 3/31/15 for each investment,for consolidated subsidiaries equal to their assets less liabilities.(1) Adjusted for assumed maturity of 2015 8.125% Sr. Notes using Parent Company Cash.(2) Includes $2.7 billion of goodwill and intangibles.(3) Parent Company Cash & Investments includes $289 million for Mazama Capital, $28 million

for Structured Alpha and $26 million for Global Equity Events, all of which are available for sale immediately.(4) Represents the initial cash outlay of $279 million reduced by cash receipts of $88 million.(5) Carrying amount is net of deferred gain on real estate sale.(6) Market value as of 3/31/15.(7) Represents the Leucadia net deferred tax asset; the Jefferies net deferred tax asset is reflected within the Jefferies book value presented.

Corporate OtherLiabilities, Net 

$(251) Million 

Leucadia Overview

1