ELF E L Financial Corporation Limited

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:

Amount of
Class            Record Date     Payable Date         Dividend

First Preference Shares,
Series 1                     July 2, 2010    July 16, 2010        $0.33125

First Preference Shares,
Series 2                     July 2, 2010    July 16, 2010       $0.296875

Series A Preference Shares    July 2, 2010    July 16, 2010          $0.125

Common Shares                 July 2, 2010    July 16, 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.

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