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                      January 2, 2013 January 17, 2013    $  0.33125
                                                                            
First Preference Shares,                                                    
Series 2                      January 2, 2013 January 17, 2013    $ 0.296875
                                                                            
First Preference Shares,                                                    
Series 3                      January 2, 2013 January 17, 2013    $  0.34375
                                                                            
Series A Preference Shares    January 2, 2013 January 17, 2013    $    0.125
                                                                            
Common Shares                 January 2, 2013 January 17, 2013    $    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)

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