<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>5
<FILENAME>mm09-2107_8ke992.txt
<DESCRIPTION>EX.99.2 - PRESS RELEASE
<TEXT>
                                                                    EXHIBIT 99.2
                                                                    ------------


September 20, 2007


FOR IMMEDIATE RELEASE
Contact:  Laura Ulbrandt  (212) 460-1900


                          LEUCADIA NATIONAL CORPORATION
                   ANNOUNCES PRICING OF COMMON SHARES OFFERING

NEW YORK, NEW YORK - September 20, 2007 - Leucadia National Corporation (LUK -
NYSE) today announced the pricing of its previously disclosed proposed public
offering of 5,500,000 common shares at a price of $45.50 per share. The offering
is expected to close on September 25, 2007. Jefferies & Company is acting as
sole underwriter for the offering.

The offering is being made pursuant to an effective registration statement filed
by Leucadia National Corporation with the Securities and Exchange Commission on
August 24, 2007.

The Company intends to use the net proceeds from the offering for general
corporate purposes, which may include working capital, acquisitions or other
investment opportunities. The completion of this offering will be conditioned
upon the completion of the previously announced proposed offering of the
Company's Senior Notes due 2015.

The offering of the common shares may be made only by means of a prospectus. A
copy of the prospectus supplement relating to the common shares can be obtained
from Jefferies & Company, Inc., Capital Markets, 520 Madison Avenue, New York,
NY 10022, (888) 449-2342. An electronic copy of the preliminary prospectus
supplement is available on the website of the Securities and Exchange Commission
at http://www.sec.gov.

This press release shall not constitute an offer to sell, or the solicitation of
an offer to buy, Leucadia's common shares or any other securities, nor shall
there be any sale of securities mentioned in this press release in any state in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state.

This press release contains forward-looking statements, within the meaning of
the Private Securities Litigation Reform Act of 1995, that are based on
management's current expectations and are subject to uncertainties and changes
in circumstances, including the issuance and sale of common shares in the
offering. There can be no assurances that the proposed offering will be
consummated. The Company's actual results may differ materially from the
forward-looking statements for a number of reasons. For a list of the factors,
which could affect the Company's results, see "Management's Discussion and
Analysis of Financial Condition and Results of Operations," and "Forward-Looking
Statements," set forth in each of the Company's Annual Report on Form 10-K for
the year ended December 31, 2006, and the Company's Quarterly Report on Form
10-Q for the quarters ended March 31, 2007 and June 30, 2007, which have been
filed with the Securities and Exchange Commission.


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