Mr. Sherif El-Azzazi reports

BROOKFIELD CANADA OFFICE PROPERTIES FILES AMENDED SCHEDULE 13E-3

Brookfield Canada Office Properties, Brookfield Property Partners LP and Brookfield Asset Management Inc. have filed an amendment to their previously filed Rule 13e-3 transaction statement on Schedule 13E-3 originally filed with the U.S. Securities and Exchange Commission on May 8, 2017. The amendment to the Schedule 13E-3 is available on Brookfield Canada's profile on SEDAR and EDGAR. The amendment revises the Schedule 13E-3 and certain disclosure contained in the management information circular dated May 8, 2017, and previously made available to unitholders to address certain comments to the Schedule 13E-3 and the circular received from the staff of the SEC.

The SEC requested that the company provide certain additional disclosure to unitholders regarding the previously announced going-private transaction, pursuant to which all of Brookfield Canada's issued and outstanding trust units not already owned by Brookfield Property and its subsidiaries will be redeemed, and Brookfield Property will effectively acquire the approximately 17-per-cent equity interest in Brookfield Canada that it or its subsidiaries do not already own (approximately 15.9 million trust units) for cash consideration of $32.50 per trust unit.

The amendment contains important information that unitholders should consider prior to voting on the transaction, and therefore unitholders are strongly encouraged to carefully read the amendment together with the circular.

No changes have been made to the consideration, the terms or conditions of the transaction, or the date of the annual and special meeting of Brookfield Canada unitholders at which the transaction will be voted on.

This press release is neither an offer to purchase nor a solicitation of an offer to sell securities.

About Brookfield Canada Office Properties

Brookfield Canada Office Properties is Canada's pre-eminent real estate investment trust (REIT). Its portfolio is composed of 26 premier office properties totalling 20 million square feet in the downtown cores of Toronto, Calgary and Ottawa, in addition to a development site in Calgary. Its landmark assets include Brookfield Place and 1 Canadian Place in Toronto, and Bankers Hall in Calgary.

Brookfield Canada Office Properties is the flagship Canadian REIT of Brookfield Asset Management, a leading global alternative asset manager with approximately $250-billion in assets under management.

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