Toronto, Canada – June 29, 2015 – Element Financial Corporation (TSX: EFN) (“Element” or the “Company”), one of North America’s leading fleet management and equipment finance companies, announced today that it has entered into a definitive agreement with GE (NYSE:GE) to acquire GE Capital’s remaining North American fleet management operations in the US and Mexico, as well as GE Capital’s fleet management operations in Australia and New Zealand (the “Transaction) for an all-cash purchase price of C$8.6 billion.