Press Release: IKYA : Fairfax Integrates MFX With IKYA to Form Global Technology Services Group

TORONTO, ONTARIO--(Marketwired - Nov. 3, 2014) - Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH)(TSX:FFH.U) announced today that Ray Roy has determined to retire in January, 2015 as CEO of Fairfax's subsidiary, MFXchange Holdings, Inc. ("MFX"), but will remain as Non-Executive Chairman. Mr. Roy established MFX and has faithfully served as its CEO since inception. In planning for Mr. Roy's retirement, Fairfax, in close consultation with Mr. Roy, is integrating MFX with the IKYA Group ("IKYA"), a Fairfax subsidiary within the Thomas Cook India Group, with a strategic focus designed to leverage the technology capabilities of both organizations and create significant growth opportunities for the combined entities on a global basis.