LEUCADIA TO TENDER INMET STAKE TO FIRST QUANTUM’S TAKEOVER BID

(The following is a reformatted version of a press release
issued by Leucadia National Corp. and received via electronic
mail. The release was confirmed by the sender.) 
January 10, 2013 
LEUCADIA NATIONAL CORPORATION INDICATES CURRENT INTENTION
TO TENDER COMMON SHARES OF INMET MINING CORPORATION
TO BID BY FIRST QUANTUM MINERALS LTD. 
New York, New York - January 10, 2013 - Leucadia National
Corporation (NYSE: LUK) announced today that it has filed a
report with Canadian securities regulators disclosing that,
based on current publicly available information, and in the
absence of changed circumstances or new information (including
an alternative transaction that would provide greater value),
Leucadia would intend to tender the common shares of Inmet
Mining Corporation that it owns to the take-over bid that has
been made by First Quantum Minerals Ltd. for all of the common
shares of Inmet. Leucadia may be considered to beneficially own
11,042,413 (approximately (15.92%)) of the outstanding common
shares of Inmet for purposes of applicable Canadian securities
laws.
* * * * *
This press release may contain “forward-looking statements”
within the meaning of the “safe harbor” provisions of the
Private Securities Litigation Reform Act of 1995.  Although
Leucadia believes any such statement is based on reasonable
assumptions, there is no assurance that actual outcomes will not
be materially different.  These forward-looking statements are
subject to risks and uncertainties that may cause actual results
to differ materially.  For a discussion of factors that may
cause results to differ, see Leucadia’s reports filed with the
Securities and Exchange Commission, including its Quarterly
Report on Form 10-Q for the quarter ended September 30, 2012 and
its Annual Report on Form 10-K, as amended, for the year ended
December 31, 2011.  These forward-looking statements speak only
as of the date hereof.  Leucadia disclaims any intent or
obligation to update these forward-looking statements. 
Leucadia National Corporation, with its principal business
address at 315 Park Avenue South, New York, New York 10010, is a
holding company engaged in a variety of businesses.
MK Resources LLC, with its principal business address at 315
Park Avenue South, New York, New York 10010, is an indirect
wholly-owned subsidiary of Leucadia National Corporation.  MK
Resources LLC is the record holder of 10,663,576 of the Inmet
common shares (representing approximately 15.37% of the issued
and outstanding Inmet common shares) beneficially owned by
Leucadia. 
A copy of the early warning report to be filed by Leucadia under
applicable Canadian securities laws in connection with the
information in this press release may be obtained from Laura E.
Ulbrandt, Corporate Secretary at 212-460-1900. 
Contact:
Laura Ulbrandt
(212) 460-1900 
(bjh) NY 
#<873920.660640.3.4.0.0.76>#
 
 
Press spacebar to pause and continue. Press esc to stop.