Ms. Claire Holland reports

BROOKFIELD BUSINESS PARTNERS ANNOUNCES $600 MILLION EQUITY OFFERING

Brookfield Business Partners LP has agreed to issue 6.67 million limited partnership units, on a bought deal basis, to a syndicate of underwriters co-led by TD Securities Inc., Citigroup, CIBC Capital Markets, Morgan Stanley and RBC Capital Markets, at a price of $30 per unit, for gross proceeds of approximately $200-million. All amounts are in U.S. dollars.

In addition, Brookfield Asset Management Inc. and certain of its related entities (other than Brookfield Business Partners) will, concurrent with the offering, purchase, directly or indirectly, 6,945,000 redeemable exchangeable units (REUs) of Brookfield Business Partners' holding limited partnership at the offering price (net of underwriting commissions), for a total amount of approximately $200-million.

Brookfield Business Partners will also, concurrent with the offering, issue 6.67 million units at the offering price by way of private placement to OMERS (Ontario Municipal Employees Retirement System), the pension plan for Ontario's municipal employees, for gross proceeds of approximately $200-million. The aggregate gross proceeds of the offering and the concurrent private placements will be approximately $600-million.

Brookfield Business Partners has granted the underwriters an overallotment option, exercisable in whole or in part for a period of 30 days following the closing of the offering, to purchase up to an additional 1,000,500 units at the offering price. If the overallotment option is exercised in full, the gross offering size would increase to approximately $630-million.

Brookfield Business Partners intends to use the net proceeds from the offering, together with the proceeds of the concurrent private placements, for general corporate purposes, including the financing of previously announced transactions and future growth opportunities.

The offering and the concurrent private placements are expected to close on or about Sept. 26, 2017.

Offer documents

Brookfield Business Partners has filed a registration statement on Form F-3 (including a prospectus) with the U.S. Securities and Exchange Commission in respect of the offering. Before you invest, you should read the prospectus in that registration statement and other documents Brookfield Business Partners has filed with the SEC for more complete information about Brookfield Business Partners and the offering. Brookfield Business Partners will also be filing a prospectus supplement relating to the offering with the securities regulatory authorities in the United States and in Canada. You may obtain these documents, along with any document incorporated by reference therein, free of charge, on SEDAR or EDGAR on the SEC's website. Alternatively, Brookfield Business Partners, any underwriter or any dealer participating in the offering will arrange to send you the prospectus, or you may request it in the United States from TD Securities (USA) LLC, 31 W 52nd St., New York, N.Y., 10019, phone number 212-827-7392, or from Citigroup, care of Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, N.Y., 11717, phone number 800-831-9146, or from CIBC Capital Markets in the United States, Attention: Hector Cruz (telephone: 800-282-0822; e-mail: useprospectus@cibc.com), 425 Lexington Ave., fifth floor, New York, N.Y., or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick St., second floor, New York, N.Y., 10014, or from RBC Capital Markets LLC, Attention: Equity Syndicate, 200 Vesey St., eighth floor, New York, N.Y., 10281-8098 (phone: 877-822-4089; e-mail: equityprospectus@rbccm.com), or in Canada from TD Securities Inc., Attention: Symcor, NPM (telephone: 289-360-2009; e-mail: sdcconfirms@td.com), 1625 Tech Ave., Mississauga, Ont., L4W 5P5, or from Citigroup Global Markets Canada Inc., phone number 416-947-5500, or from CIBC Capital Markets, 161 Bay St., ninth floor, Toronto, Ont., M5J 2S8; Attention: Lovena Doodahnand (phone: 416-594-7270; e-mail: Lovena.Doodahnand@CIBC.ca), or from Morgan Stanley Canada Ltd., Attention: Prospectus Department, 180 Varick St., second floor, New York, N.Y., 10014, or from RBC Dominion Securities Inc., Attention: Simon Yeung, Distribution Centre, RBC Wellington Square, eighth floor, 180 Wellington St. W, Toronto, Ont., M5J 0C2 (phone: 416-842-5349; e-mail: Distribution.RBCDS@rbccm.com).

Brookfield Business Partners is a business services and industrial company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs.

We seek Safe Harbor.