Ms. Claire Holland reports

BROOKFIELD ASSET MANAGEMENT ANNOUNCES PROPOSED OFFERING OF NOTES

Brookfield Asset Management Inc. has commenced a public offering, subject to market and other conditions, of $500-million (U.S.) of notes due 2047. 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.

Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. are acting as joint book-running managers for the offering.

The notes will be offered under Brookfield Finance's existing base shelf prospectus filed in the United States and Canada. In the United States, the notes are being offered pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission on Feb. 24, 2017. Brookfield Finance 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. Before you invest, you should read these documents and other public filings by Brookfield for more complete information about Brookfield and this offering.

Alternatively, copies can be obtained from Deutsche Bank Securities Inc., 60 Wall St., New York, N.Y., 10005-2836, telephone at 1-800-503-4611, e-mail at prospectus.CPDG@db.com, or HSBC Securities (USA) Inc., 452 5th Ave., New York, N.Y., 10018, attention: Transaction Management Americas, telephone at 1-866-811-8049, e-mail at tmg.americas@us.hsbc.com.

About Brookfield Asset Management Inc.

Brookfield Asset Management is a global alternative asset manager with over $250-billion (U.S.) in assets under management.

We seek Safe Harbor.