Leucadia National enters voting and support agreement with Lundin Mining

Leucadia National Corporation announced today that it has entered into a voting and support agreement with Lundin Mining Corporation pursuant to which, and subject to the terms thereof, it has agreed to vote all of the common shares of Inmet Mining Corporation beneficially owned by it in favour of an amalgamation of Inmet and Lundin to be effected by way of a plan of arrangement under section 192 of the Canada Business Corporations Act. The arrangement is to be carried out on the terms and subject to the conditions contained in an arrangement agreement between Inmet and Lundin (the "Arrangement Agreement") that was publicly announced by Inmet and Lundin earlier today. Pursuant to the Arrangement Agreement, shareholders of Inmet will receive common shares of the amalgamated corporation, Symterra Corporation, on the basis of 3.4918 common shares of Symterra for each Inmet common share held. As a result, Leucadia would beneficially own approximately 9.44% of the common shares of Symterra upon consummation of the arrangement.

The voting and support agreement contains representations, warranties and covenants customary for an agreement of this nature and will terminate automatically (i) upon the termination of the arrangement agreement between Lundin and Inmet in accordance with its terms, (ii) upon the withdrawal, modification, qualification or change of the recommendation of the Inmet board of directors to its securityholders in respect of the arrangement (other than in connection with an amended transaction that has received the favorable recommendation of the Inmet board of directors), or (iii) on the effective date of the arrangement, whichever is the earliest to occur.