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Markel Announces Debt Offering

RICHMOND, Va., Sept. 17 /PRNewswire-FirstCall/ -- Markel Corporation (NYSE: MKL) announced today that it has priced a public offering of $350 million aggregate principal amount of 7.125% senior notes due 2019. The net proceeds will be used for general corporate purposes, including acquisitions. Barclays Capital and Wells Fargo Securities are the Joint Book-Running Managers for the offering, which is expected to close on September 22, 2009. A written prospectus relating to the offering may be obtained by contacting Wells Fargo Securities, LLC toll-free at 1-800-326-5897 or Barclays Capital Inc. toll-free at 1-888-603-5847.

A shelf registration statement relating to these securities has been filed with the Securities and Exchange Commission and has become effective. This announcement is not an offer to sell, or a solicitation of an offer to buy, the senior notes, nor will there be any offering or sale of the senior notes in any state where such offering or sale would be unlawful.

Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets.

SOURCE Markel Corporation

Bruce Kay of Markel, +1-804-965-1720