Ms. Kathleen Taylor reports

ELEMENT NOMINATES KEITH TAYLOR FOR ELECTION TO THE BOARD OF DIRECTORS

Keith Taylor has been nominated to stand for election to Element Fleet Management Corp.'s board of directors at its annual general meeting of shareholders on May 7, 2026.

Mr. Taylor is being nominated to replace Joan Lamm-Tennant, who has reached the end of her term limit as director and is not standing for re-election. The company thanks Ms. Lamm-Tennant for her meaningful contributions and dedicated service to Element.

"Keith is a highly respected financial leader with deep experience in global markets and a strong track record of value creation," said Kathleen Taylor, chair of Element's board of directors. "His expertise will further strengthen our board as we continue to oversee the execution of Element's strategy and long-term growth."

"I am honoured to be nominated to join Element's board of directors," said Mr. Taylor. "Element has built a strong market position and clear strategic direction, and I look forward to contributing to the company's continued success."

Mr. Taylor is a seasoned finance executive with more than 30 years of experience in global corporate finance. He most recently served as executive vice-president and chief financial officer of Equinix Inc., a leading multinational digital infrastructure company listed on the Nasdaq Stock Market, where he played a key role in the company's growth over a tenure of more than 20 years. He retired from his position as executive vice-president and chief financial officer in March, 2026, but will remain as a special adviser to the chief executive officer through March 31, 2027.

"Keith brings a combination of financial discipline, global perspective and public company experience that will be highly valuable as we continue to scale our business," said Laura Dottori-Attanasio, chief executive officer of Element. "His insights will support our focus on delivering consistent performance and long-term value for our shareholders."

About Keith Taylor

Mr. Taylor currently serves as a director of Invitation Homes Inc., where he is chair of the compensation committee and management development committee, and a member of the audit committee. He holds a bachelor of business administration in accounting from Bishop's University, is a chartered professional accountant and is a founding member of the U.S. Chapter of His Majesty King Charles III's Accounting for Sustainability (A4S) CFO Leadership Network.

Further details about Element's nominated directors can be found in the company's management information circular, which is available on SEDAR+.

About Element Fleet Management Corp.

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

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