On December 1, 2008, we jointly announced with our majority shareholder, Fairfax Financial Holdings Limited, that Fairfax intends to make an offer to acquire all of the outstanding shares of Northbridge, other than those shares already held by Fairfax or its affiliates, amounting to 17,593,385 shares, or 36.9% of our total shares outstanding. The offer price is $39.00 per common share in cash, and is subject to customary conditions. The offer has received the unanimous support of a Special Committee of our Board of Directors which was formed to respond to the offer and who, after a thorough review process, has concluded that the offer is in the best interests of Northbridge and is fair to our minority shareholders.

The documents below provide additional information regarding the proposed offer. Additional information is available on the SEDAR website at www.sedar.com. Further questions regarding this offer can be directed to Northbridge Investor Relations by email by investor.relations@norfin.com, or by phone at (416) 350-4300.

Northbridge and Fairfax Announce Privatization Offer

Fairfax Mails Formal Offer to Northbridge Shareholders

The information provided above is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of Northbridge. Investors are advised to read the relevant documents that will be filed with securities regulatory authorities when they become available because they will contain important information. Those filings will be available free of charge on the SEDAR web site at www.sedar.com.