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Press release from Marketwire

E-L Financial Corporation Limited Announces Dividends

Wednesday, May 18, 2011

E-L Financial Corporation Limited Announces Dividends12:32 EDT Wednesday, May 18, 2011TORONTO, ONTARIO--(Marketwire - May 18, 2011) - 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:ClassRecord DatePayable DateAmount of DividendFirst Preference Shares, Series 1July 4, 2011July 15, 2011$0.33125First Preference Shares, Series 2July 4, 2011July 15, 2011$0.296875Series A Preference SharesJuly 4, 2011July 15, 2011$0.125Common SharesJuly 4, 2011July 15, 2011$0.125E-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: Richard B. CartyE-L Financial Corporation LimitedVice-President, General Counsel and Corporate Secretary(416) 947-2578(416) 362-2592 (FAX)