Element Fleet Management Corp. announced that it intends to sell senior unsecured notes (the ?Notes?) in a proposed private offering that will not be registered under the Securities Act of 1933, as amended (the ?Securities Act?), subject to market and other conditions (the ?Notes Offering?). The Company intends to use the net proceeds from the Notes Offering for working capital and general corporate purposes, which may include the repayment of existing indebtedness.

The Notes will not be registered under the Securities Act or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws. Accordingly, the Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act. Additionally, in Canada the offering will be made pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws.