Ms. Kathleen Taylor reports

ELEMENT ANNOUNCES ANNUAL MEETING VOTING RESULTS

Element Fleet Management Corp. has confirmed today that all 10 nominees listed in its management information circular dated March 25, 2026, were elected as directors at the annual meeting of shareholders held on May 7, 2026, with each director receiving strong support as demonstrated by the results below. A total of 347,109,616 common shares (approximately 87.19 per cent of the outstanding common shares) were represented in person or by proxy at the meeting.

"We would like to thank our shareholders for their engagement, as demonstrated by turnout of over 87 per cent of shares voted, and also for their continued support, as evidenced by the strong voting outcomes," said Kathleen Taylor, chair of the board.

The detailed results of the vote for the election of directors at the meeting are set out below.

In addition, shareholders approved an advisory resolution (say on pay) on executive compensation, with 97.67 per cent of votes cast in favour of the resolution, and approved the reappointment of Ernst & Young LLP as the company's independent auditor.

For complete results on all matters voted on at the meeting, see Element's report of voting results filed on the company's SEDAR+ profile.

About Element Fleet Management Corp.

Element Fleet Management is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by its purpose to move the world through intelligent mobility, the company helps clients manage the vehicles, data, technology and decisions that keep their businesses moving. Fleet is the company's foundation, and intelligent mobility is how the company leads. By combining deep fleet expertise with connected technologies, data-driven intelligence, and strategic partnerships, Element helps clients lower their total cost of ownership, improve uptime and driver experience, and build more resilient operations. In 2025, Element managed over 1.5 million vehicles globally and, inclusive of technology-enabled assets, powered more than 1.7 million vehicles while helping identify over $1.6-billion in cost-saving opportunities across clients' fleets. Through Element Mobility, the company is advancing its leadership into the next era of intelligent mobility to deliver measurable business outcomes for its clients.

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