TORONTO, ONTARIO--(Marketwire - Aug. 5, 2010) - The Board of Directors of E-L Financial Corporation Limited (TSX:ELF)(TSX:ELF.PR.F)(TSX:ELF.PR.G) today declared the following cash dividends:

Class Record Date Payable Date Amount of Dividend
First Preference
Shares, Series 1 October 1, 2010 October 15, 2010 $0.33125
First Preference
Shares, Series 2 October 1, 2010 October 15, 2010 $0.296875
Series A Preference
Shares October 1, 2010 October 15, 2010 $0.125
Common Shares October 1, 2010 October 15, 2010 $0.125

E-L Financial Corporation Limited advises that the above referenced dividends are eligible dividends for the purposes of the Income Tax Act, Canada and any similar provincial tax legislation.

FOR FURTHER INFORMATION PLEASE CONTACT:

E-L Financial Corporation Limited
Richard B. Carty
Vice-President, General Counsel and Corporate Secretary
(416) 947-2578
(416) 362-2592 (FAX)