Exhibit 99.1

August 6, 2010

FOR IMMEDIATE RELEASE

Contact:  Laura Ulbrandt  (212) 460-1900

LEUCADIA NATIONAL CORPORATION

ANNOUNCES SIX MONTH 2010 RESULTS

Leucadia National Corporation (LUK – NYSE) today announced its operating results for the six month period ended June 30, 2010.  Net loss attributable to Leucadia National Corporation common shareholders for the six month period ended June 30, 2010 was $43,665,000 ($.18 per diluted common share) compared to net income attributable to Leucadia National Corporation common shareholders for 2009 of $271,016,000 ($1.11 per diluted common share).  Net loss attributable to Leucadia National Corporation common shareholders for 2010 included income from discontinued operations of $9,508,000 ($.04 per diluted common share).

For more information on the Company’s results of operations for the first half of 2010, please see the Company’s Form 10-Q for the six months ended June 30, 2010, which was filed with the Securities and Exchange Commission today.

SUMMARY FOR LEUCADIA NATIONAL CORPORATION AND SUBSIDIARIES

(In thousands, except per share amounts)

(Unaudited)

	For the Three Month						For the Six Month
	Period Ended June 30,						Period Ended June 30,
	2010			2009			2010			2009
Revenues and other income	$	412,477		$	284,323		$	786,919		$	534,666
Net securities gains (losses)	$	71,413		$	(3,551	)	$	170,480		$	(29,834	)
Income (loss) from continuing operations before income
taxes and income (losses) related to associated companies	$	80,801		$	(130,529	)	$	123,814		$	(212,012	)
Income taxes		4,665			29,127			7,367			4,823
Income (loss) from continuing operations before income
(losses) related to associated companies		76,136			(159,656	)		116,447			(216,835	)
Income (losses) related to
associated companies, net of taxes		(321,922	)		570,640			(170,728	)		487,686
Income (loss) from continuing operations		(245,786	)		410,984			(54,281	)		270,851
Income from discontinued operations		9,508			–			9,508			–
Net income (loss)		(236,278	)		410,984			(44,773	)		270,851
Net loss attributable to the noncontrolling interest		1,134			39			1,108			165
Net income (loss) attributable to
Leucadia National Corporation common shareholders	$	(235,144	)	$	411,023		$	(43,665	)	$	271,016
Basic earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations	$	(1.01	)	$	1.70		$	(.22	)	$	1.13
Income from discontinued operations		.04			–			.04			–
Net income (loss)	$	(.97	)	$	1.70		$	(.18	)	$	1.13
Number of shares in calculation		243,312			241,095			243,302			238,982
Diluted earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations	$	(1.01	)	$	1.67		$	(.22	)	$	1.11
Income from discontinued operations		.04			–			.04			–
Net income (loss)	$	(.97	)	$	1.67		$	(.18	)	$	1.11
Number of shares in calculation		243,312			248,135			243,302			248,131