Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
   2. Issuer Name and Ticker or Trading Symbol
AbitibiBowater Inc. [ABH] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
95 WELLINGTON STREET WEST, SUITE 800		 3. Date of Earliest Transaction (Month/Day/Year)
04/17/2012
(Street)

TORONTO, A6 M5J 2N7		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.001 par value ("Common Shares") 04/17/2012   J(1)   955,038 A $ 0 (1) 18,460,789 I See Footnote (2)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
95 WELLINGTON STREET WEST
SUITE 800
TORONTO, A6 M5J 2N7		     X    
TIG INSURANCE CO
250 COMMERCIAL STREET
SUITE 5000
MANCHESTER, NH 03101		     X    
ODYSSEY REINSURANCE CO
300 FIRST STAMFORD PLACE
STAMFORD, CT 06902		     X    
UNITED STATES FIRE INSURANCE CO
305 MADISON AVENUE
MORRISTOWN, NJ 07962		     X    

Signatures

 /s/ V. Prem Watsa, Chairman & Chief Executive Officer   04/19/2012
**Signature of Reporting Person Date
 /s/ John J. Bator, Senior Vice President & Chief Financial Officer   04/19/2012
**Signature of Reporting Person Date
 /s/ Kirk M. Reische, Vice President   04/19/2012
**Signature of Reporting Person Date
 /s/ Paul Bassaline, Vice President & Controller   04/19/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) In connection with the completion of the take-over bid by AbitibiBowater Inc. ("AbitibiBowater") to acquire all of the issued and outstanding shares of Fibrek Inc. ("Fibrek"), the Reporting Persons, as shareholders of Fibrek, received 0.0284 Common Shares (plus Cdn$0.55 in cash) as consideration per Fibrek common share, for an aggregate total of 955,041 Common Shares.
(2) The Common Shares are held by Fairfax Financial Holdings Limited ("Fairfax"), certain of its subsidiaries and the pension plans of certain subsidiaries of Fairfax, including, following the transactions reported herein, 698,435 Common Shares held by Northbridge Commercial Insurance Corporation, 432,498 Common Shares held by Northbridge Indemnity Insurance Corporation, 175,253 Common Shares held by Federated Insurance Company of Canada, 1,253,325 Common Shares held by Northbridge General Insurance Corporation, 344,477 Northbridge Personal Insurance Corporation, 1,749,215 Common Shares held by TIG Insurance Company, 5,630,638 Common Shares held by Odyssey Reinsurance Company and 744,431 Common Shares held by United States Fire Insurance Company.

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