Mr. Andrew Willis reports

BROOKFIELD ASSET MANAGEMENT ANNOUNCES EXERCISE OF UNDERWRITERS' OVER-ALLOTMENT OPTION

Brookfield Asset Management Inc.'s underwriters for its public offering of 17.86 million Class A limited voting shares completed on April 27, 2015, have exercised their option to purchase an additional 2,679,000 Class A shares at a price of $56.00 (U.S.) per Class A share. Brookfield will receive additional gross proceeds of approximately $150-million (U.S.) from the exercise of the overallotment option. The aggregate gross proceeds from the offering, including the overallotment option, and a private placement of 1,395,089 Class A shares completed concurrently with the offering, total approximately $1.225-billion (U.S.). Closing of the overallotment option is expected to occur on April 30, 2015.

CIBC, RBC Capital Markets, Citigroup Global Markets Canada Inc. and Deutsche Bank Securities acted as co-lead underwriters for the offering.

The Class A shares issued under the offering were offered under Brookfield's existing base shelf prospectus filed in the United States and Canada. Brookfield also filed a prospectus supplement relating to the offering and the overallotment option. Investors may obtain these documents for free on EDGAR or on SEDAR.

We seek Safe Harbor.