Jefferies Financial Group Inc. — Director's Dealing 2007

May 16, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: NICHOLS JESSE CLYDE III (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-15	Option to Purchase Common Shares	$33.50	A	2000	Acquired	2012-05-15	Common Shares (2000)	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 25% per year commencing one year after the date of grant.