Jefferies Financial Group Inc. — Director's Dealing 2005

Jun 2, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2004-12-09

Reporting Person: ORLANDO JOSEPH A JR (Vice President and CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-09	Options to Purchase Common Shares	$43.5067	A	45000	Acquired	2011-01-06	Common Shares (45000)	Direct

Footnotes

F1: The stock options were granted under the Leucadia National Corporation 1999 Stock Option Plan, as amended. Pursuant to their
terms, these options become exercisable at the rate of 20% per year commencing one year after the grant date.

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