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 4, 2011  July 15, 2011   $  0.33125
First Preference Shares, Series 2   July 4, 2011  July 15, 2011   $ 0.296875
Series A Preference Shares          July 4, 2011  July 15, 2011   $    0.125
Common Shares                       July 4, 2011  July 15, 2011   $    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)