RULE 13a-14(a)/15d-14(a) CERTIFICATIONS
  1.
    
    I have reviewed this annual report on Form 40-F of Fairfax Financial Holdings
Limited;
 2.
    
    Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made,
in light of the circumstances under which such statements were made, not misleading
with respect to the period covered by this report;
 3.
    
    Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects the
financial condition, results of operations and cash flows of the issuer as of, and for,
the periods presented in this report;
 4.
    
    The issuers other certifying officer and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in
Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have:
 (a)
    
    Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the issuer, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;
 (b)
    
    Designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;
 (c)
    
    Evaluated the effectiveness of the issuers disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and
 (d)
    
    Disclosed in this report any change in the issuers internal
control over financial reporting that occurred during the period covered by the
annual report that has materially affected, or is reasonably likely to
materially affect, the issuers internal control over financial reporting; and
 5.
    
    The issuers other certifying officer and I have disclosed, based on our most
recent evaluation of internal control over financial reporting, to the issuers
auditors and the audit committee of the issuers board of directors (or persons
performing the equivalent functions):
 (a)
    
    All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting which are
reasonably likely to
adversely affect the issuers ability to record, process, summarize and report
financial information; and
 (b)
    
    Any fraud, whether or not material, that involves management or
other employees who have a significant role in the issuers internal control
over financial reporting.
 /s/ V. Prem WatsaV. Prem WatsaChairman and Chief Executive Officer




---



##### 



1.
    
    I have reviewed this annual report on Form 40-F of Fairfax Financial Holdings
Limited;
 2.
    
    Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made,
in light of the circumstances under which such statements were made, not misleading
with respect to the period covered by this report;
 3.
    
    Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects the
financial condition, results of operations and cash flows of the issuer as of, and for,
the periods presented in this report;
 4.
    
    The issuers other certifying officer and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in
Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have:
 (a)
    
    Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the issuer, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;
 (b)
    
    Designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;
 (c)
    
    Evaluated the effectiveness of the issuers disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and
 (d)
    
    Disclosed in this report any change in the issuers internal
control over financial reporting that occurred during the period covered by the
annual report that has materially affected, or is reasonably likely to
materially affect, the issuers internal control over financial reporting; and
 5.
    
    The issuers other certifying officer and I have disclosed, based on our most
recent evaluation of internal control over financial reporting, to the issuers
auditors and the audit committee of the issuers board of directors (or persons
performing the equivalent functions):
 (a)
    
    All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the issuers ability to record, process,
summarize and report financial information; and
 (b)
    
    Any fraud, whether or not material, that involves management or
other employees who have a significant role in the issuers internal control
over financial reporting.
 /s/ Greg TaylorGreg TaylorVice President and Chief Financial Officer