Jefferies Financial Group Inc. — Director's Dealing 2007

May 24, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2007-05-23

Reporting Person: CUMMING IAN M (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-23	Common Shares	P	100000	$34.565	Acquired	23820337	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	944443	Indirect

Footnotes

F1: Transaction consisted of private purchase of 100,000 common shares from a member of Reporting Person's family.

F2: Consists of common shares beneficially owned by the Reporting Person's wife (directly and through trusts for his children of
which his wife is trustee), and common shares held in a Grantor Retained Annuity Trust.