The Board of Directors of E-L Financial Corporation Limited ("the Company") (TSX: ELF) (TSX: ELF.PR.F) (TSX: ELF.PR.G) (TSX: ELF.PR.H) today declared the following cash dividends:

Today the Company announced that the Board of Directors has decided to proceed to give effect to a hundred-for-one share split of the Company's Common Shares. The Common Shares of the Company will begin to trade on an ex-distribution (post-split) basis on Monday, June 2, 2025. The quarterly dividend of $0.04 per Common Share announced today is on a post-split basis.

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.

SOURCE E-L Financial Corporation Limited

SOURCE: E-L Financial Corporation Limited

For further information please contact: Richard B. Carty, Vice-President, General
Counsel and Corporate Secretary, Telephone: (416) 947-2578, Fax: (416) 362-2592

COMTEX_465319840/2197/2025-05-07T17:05:00