Jefferies Financial Group Inc. — Director's Dealing 2006

May 22, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2006-05-18

Reporting Person: NICHOLS JESSE CLYDE III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-19	Common Shares	P	675	$61.30	Acquired	74187	Direct
2006-05-19	Common Shares	P	1840	$61.15	Acquired	76027	Direct
2006-05-18	Common Shares	P	1200	$60.70	Acquired	24758	Indirect
2006-05-18	Common Shares	P	1800	$60.71	Acquired	26558	Indirect
2006-05-19	Common Shres	P	195	$61.16	Acquired	26753	Indirect
2006-05-19	Common Shares	P	570	$61.30	Acquired	27323	Indirect
2006-05-19	Common Shares	P	115	$61.2199	Acquired	27438	Indirect
2006-05-19	Common Shares	P	55	$61.22	Acquired	27493	Indirect

Footnotes

F1: Consists of 15,000 shares held by a revocable trust for the beneift of the Reporting Person, 10,463 shares held by the
Reporting Person's wife (directly and indirectly through a majority owned company), 1,380 shares held by Reporting Person's
minor children and 650 shares held in trust for the benefit of the Reporting Person's minor children.