Mr. Sumit Malhotra reports

ELEMENT ANNOUNCES PROPOSED PRIVATE OFFERING OF SENIOR NOTES

Element Fleet Management Corp. intends to sell senior unsecured notes in a proposed private offering that will not be registered under the Securities Act of 1933, as amended, subject to market and other conditions. The company intends to use the net proceeds from the notes offering for working capital and general corporate purposes, which may include the repayment of existing indebtedness.

The notes will not be registered under the Securities Act or any state securities laws in the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws. Accordingly, the notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act. Additionally, in Canada, the offering will be made pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws.

About Element Fleet Management Corp.

Element Fleet Management is the largest publicly traded pure-play automotive fleet manager in the world. As a purpose-driven and client-centric company, Element Fleet Management delivers value through scalable, sustainable and technology-enabled fleet and mobility solutions. With operations across North America, Australia, New Zealand and Ireland, and a growing global footprint through its technology platform, Autofleet, Element Fleet Management provides its clients with end-to-end fleet management services, from vehicle acquisition, maintenance and risk management to route optimization, electric vehicle integration and remarketing. Element Fleed Management combines its fleet management expertise with advanced digital capabilities in order to unlock real-time data insights, dynamic planning tools, and advanced optimization that enhances the cost-efficiency and vehicle productivity of its clients' fleets.

We seek Safe Harbor.