Press Release: Harbinger Capital Partners : Philip Falcone Departs Harbinger Group Inc. and Will Continue to Advance HC2 Holdings, Inc.

HERNDON, VA--(Marketwired - Nov 25, 2014) - HC2 Holdings, Inc. ("HC2") (OTCQB: HCHC) announced today that Philip A. Falcone is resigning from his positions of Chief Executive Officer and Chairman of the Board of Directors of Harbinger Group Inc., effective December 1, 2014, and will be dedicating more of his time to HC2 Holdings, Inc.� Mr. Falcone will continue as Chief Investment Officer and Chief Executive Officer of the hedge fund Harbinger Capital Partners LLC.�