Jefferies Financial Group Inc. — Director's Dealing 2007

May 23, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2007-05-15

Reporting Person: Nittoli Rocco J (Treasurer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares, $1.00 Par Value	0	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to Purchase Common Shares	$10.247	2008-07-11	Common Shares (6000)		Direct
Options to Purchase Common Shares	$21.753	2011-01-02	Common Shares (36000)		Direct
Options to Purchase Common Shares	$27.34	2012-12-31	Common Shares (50000)		Direct

Footnotes

F1: The stock options were granted on July 11, 2002 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 stock options were granted on December 9, 2004 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 on 1/2/2006.

F3: The stock options were granted on December 11, 2006 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 on 1/1/2008.