Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

The Commission has received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation, by which Fairfax Financial Holdings Limited (“Fairfax” and/or the “Notifying Party”) will acquire, within the meaning of Article 3(1)(b) of the Merger Regulation, sole control of Eurolife ERB Insurance Group Holdings S.A. (“Eurolife” and/or the “Target”), currently under the joint control of (i) Fairfax and (ii) OPG Commercial Holdings (Lux) S.à r.l.(“OPG”), as part of an agreement (the “Transaction”).

Fairfax is a holding company, which through its subsidiaries is engaged in property and casualty insurance and reinsurance and investment management. Fairfax is listed on the Toronto Stock Exchange.

Eurolife is a holding company, which through its subsidiaries is engaged in life and non-life insurance and reinsurance and insurance distribution in Greece and Romania.

The Notifying Party does not consider that the Transaction will have any competitive impact, under any product/geographical market delineation, either on the markets for insurance and reinsurance products, or on the market of insurance distribution services.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.