An anonymous director reports

GLASS LEWIS RECOMMENDS BROOKFIELD RESIDENTIAL SHAREHOLDERS VOTE FOR THE ARRANGEMENT

A second independent proxy advisory firm, Glass Lewis & Co. LLC, has recommended that shareholders vote for the special resolution to approve the plan of arrangement pursuant to which 1927726 Ontario Inc. (the purchaser), a wholly owned subsidiary of Brookfield Asset Management Inc., will acquire all of the common shares of Brookfield Residential Properties Inc. that are not already owned by Brookfield Asset Management and its affiliates for consideration of $24.25 (U.S.) per share.

Glass Lewis's endorsement follows a report by another leading independent proxy adviser, Institutional Shareholder Services Inc., that also recommends shareholders vote in favour of the plan of arrangement. Brookfield Residential disclosed ISS's recommendations on Feb. 17, 2015.

The board of directors of Brookfield Residential unanimously (with Alan Norris and Timothy Price abstaining) recommends that shareholders vote for the plan of arrangement.

Your vote is important. Please submit your proxy before 10 a.m. EST on March 6, 2015.

You may vote on the Internet or following the instructions provided on the form of proxy or voting instruction form. If you have any questions or require assistance voting your shares, please contact Laurel Hill Advisory Group by e-mail at assistance@laurelhill.com or by telephone at 1-877-452-7184 (1-416-304-0211 collect).

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