Jefferies Financial Group Inc. — Director's Dealing 2004

Apr 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2004-04-16

Reporting Person: STEINBERG JOSEPH S (Director, President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-16	Common Shares	J	779904	—	Acquired	3505112	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	6093177	Direct

Footnotes

F1: On April 16, 2004, in connection with the Reporting Person's family financial planning, the trustees of an existing family trust created a new trust for the benefit of the Reporting Person's children (the "2004 Trust") with the corpus of the existing family trust. The Reporting Person was neither a trustee nor a beneficiary of the existing family trust and did not have beneficial ownership of the shares held in the existing family trust. The Reporting Person is a trustee of the 2004 Trust and
has sole power to vote and sell the 779, 904 shares held by the 2004 Trust.

F2: The zero ("0") in this column is a "dummy" amount, solely for the purpose of permitting the use of a descriptive footnote stating that the price is not applicable.

F3: Consists of 2,678,808 shares held in the JSS 1998 Family Trust, 779,904 shares held in the 2004 Trust and 46,400 shares held by the Reporting Person's wife and daughter.