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Michael Dolan Appointed as Chief Information Security Officer of Element's Fleet Management Business

FOR IMMEDIATE RELEASE

SPARKS, MD., August 23, 2016 – Element Financial Corporation (EFN: TSX), one of North America's leading fleet management and equipment finance companies, today announced that Michael Dolan has been named chief information security officer of its fleet management business. In this role, he'll manage the group's information security program and related initiatives.

Dolan joined Element in 2015 when it acquired GE Capital Fleet Services, bringing over 16 years of legal and information security experience to the company. He began at GE Capital Fleet Services in 2008 as vice president, counsel, & chief compliance officer. He then held a series of GE Capital leadership roles, most recently serving as its lead global counsel, IT, information security, & privacy.

"Element is a data-driven company of industry leaders who are inspired to transform the future," said John Wall, chief technology officer at Element Fleet Management. "Michael's deep information security and legal background make him an excellent addition to our leadership team."

Prior to GE Capital, Dolan served in executive roles with US Bancorp, most recently overseeing the design and implementation of its information security program as deputy chief compliance & enterprise security officer. Previously, he was in private practice with Oppenheimer Wolff & Donnelly LLP and served as judicial law clerk to the Honorable Bruce D. Willis of the Minnesota Court of Appeals. He received his Bachelor of Science degree from the University of Wisconsin-Madison and earned his JD, cum laude, and MBA from the University of Minnesota.

"I'm pleased to take such a meaningful role within the Element Fleet Management team at this exciting time in our evolution," said Dolan. "Element is devoted to empowering our clients to deliver extraordinary results, and I couldn't be prouder of our commitment to advancing the fleet industry."

For more information about Element's fleet management business, visit www.elementfleet.com or follow us on Twitter @elementfleet.

For more information about Element Financial Corporation, visit www.elementcorp.com.

About Element Financial Corporation

With total assets of $24.0C billion, Element Financial Corporation is one of North America's leading fleet management and equipment finance companies. A shareholder vote has been scheduled for September 20, 2016 to consider approval of an arrangement to separate the Company to two publicly traded entities – Element Fleet Management Corp. (Element Fleet) and ECN Capital Corp. (ECN Capital). As the world's largest publicly-traded fleet management services company, Element Fleet will operate the Company's fleet management business. As a leading North American equipment finance company, ECN Capital will operate the Company's commercial finance, vendor finance, rail finance and aviation finance businesses and transition to an origination and asset management business model.

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