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)(TSX:ELF.PR.H) today declared the following
cash dividends:




                                                                   Amount of
Class                                Record Date   Payable Date     Dividend
                                                                            
First Preference Shares, Series 1   July 3, 2012  July 17, 2012  $   0.33125
                                                                            
First Preference Shares, Series 2   July 3, 2012  July 17, 2012  $  0.296875
                                                                            
First Preference Shares, Series 3   July 3, 2012  July 17, 2012  $    0.3993
                                                                            
Series A Preference Shares          July 3, 2012  July 17, 2012  $     0.125
                                                                            
Common Shares                       July 3, 2012  July 17, 2012  $     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.

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