Mr. Sumit Malhotra reports

ELEMENT ANNOUNCES PRICING OF PRIVATE OFFERING OF SENIOR NOTES

Element Fleet Management Corp. has agreed to sell $500-million (U.S.) aggregate principal amount of 4.641 per cent senior notes due 2030 in a private offering that will not be registered under the Securities Act of 1933, as amended. The notes will mature on Nov. 24, 2030.

The net proceeds from the offering are expected to be used for working capital and general corporate purposes, which may include the repayment of existing indebtedness. The offering is expected to close on Nov. 24, 2025, subject to the satisfaction of customary closing conditions.

About Element Fleet Management Corp.

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

We seek Safe Harbor.