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                     October 3, 2011   October 17, 2011    $0.33125
First Preference Shares,
 Series 2                     October 3, 2011   October 17, 2011   $0.296875
Series A Preference Shares    October 3, 2011   October 17, 2011      $0.125
Common Shares                 October 3, 2011   October 17, 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)