Ms. Suzanne Fleming reports

BROOKFIELD ASSET MANAGEMENT ANNOUNCES PROPOSED OFFERING OF NOTES

Brookfield Asset Management Inc. is commencing a public offering, subject to market and other conditions, of $350-million (U.S.) of notes due 2026. The notes will be issued by a subsidiary of Brookfield, Brookfield Finance Inc., and will be fully and unconditionally guaranteed by Brookfield. The net proceeds of the offering will be used for general corporate purposes.

Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering.

The notes will be offered under Brookfield Finance Inc.'s existing base shelf prospectus filed in the United States and Canada. Brookfield Finance Inc. has filed a preliminary prospectus supplement relating to the offering of the notes. You may obtain these documents for free on EDGAR or on SEDAR.

We seek Safe Harbor.