Jefferies Financial Group Inc. — Director's Dealing 2006

May 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2006-05-16

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-16	Warrants to purchase Common Shares	$57.03	A	1000000	Acquired	2011-03-06	Common Shares (1000000)	Direct

Footnotes

F1: The warrants were granted under the Leucadia National Corporation 2006 Senior Executive Warrant Plan, subject to shareholder
approval, which was received on May 16, 2006. Pursuant to their terms, 20% of the warrants become exercisable on May 16,
2006 and thereafter at a rate of 20% per year on each of March 6, 2007, 2008, 2009 and 2010.

F2: Not applicable.