Mr. Duncan Jackman reports

E-L FINANCIAL CORPORATION LIMITED ANNOUNCES OUTCOME OF DIRECTOR ELECTIONS

E-L Financial Corp. Ltd. has released voting results for the election of directors at its annual meeting of shareholders held on May 10, 2023.

                     VOTING RESULTS FOR ELECTION OF DIRECTORS

Director nominee         Votes for   % of votes cast   Votes withheld   % of votes cast

Duncan N.R. Jackman      3,152,187             96.19          124,952              3.81             
M. Victoria D. Jackman   3,162,493             96.50          114,646              3.50             
Peter J. Levitt          3,198,586             97.60           78,553              2.40             
Elizabeth M. Loach       3,275,190             99.94            1,949              0.06             
Clive P. Rowe            3,249,500             99.16           27,639              0.84             
Stephen J.R. Smith       3,195,932             97.52           81,207              2.48             
Mark M. Taylor           3,183,604             97.15           93,535              2.85