<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>mv5-16ex99_1.txt
<TEXT>
                                                                   Exhibit 99.1




For Immediate Release:

Contact:  Laura Ulbrandt, (212) 460-1900



                          LEUCADIA NATIONAL CORPORATION
                        ANNOUNCES TWO-FOR-ONE STOCK SPLIT

New York, New York, - May 16, 2006. Leucadia National Corporation (NYSE: LUK)
announced today that its Board of Directors has authorized a two-for-one split
of Leucadia's common shares. The split will be effected in the form of a 100%
stock dividend to be paid on June 14, 2006 to holders of record of the common
shares at the close of business on May 30, 2006.

As a result of this action, shareholders will receive one Leucadia common share
for each Leucadia common share held of record on May 30, 2006.





</TEXT>
</DOCUMENT>
