Mr. Derek Gorgi reports

BROOKFIELD INVESTMENTS CORPORATION ANNOUNCES THIRD QUARTER 2014 FINANCIAL RESULTS

Brookfield Investments Corp. had a net loss of $6-million or 13 cents per common share for the three months ended Sept. 30, 2014, compared with income of $69-million or $1.38 per common share for the same period in 2013. The decrease in net income relative to the prior period was due to a large amount of disposition gains recorded in the prior-year quarter and the recognition of unfavourable foreign currency revaluation in the current quarter. Net income in the prior year included $52-million of disposition gains on the sale of two investments, whereas the current quarter included a $3-million realized disposition loss. In addition, the company recorded $16-million of unrealized foreign currency losses in the current quarter, due to negative foreign currency revaluation of non-U.S.-dollar investments. Net income on a nine-month basis was $110-million in the current year and $217-million in the prior year, or $2.20 and $4.35 per share, respectively.

Comprehensive income, which consists of net loss and other comprehensive income, was a loss of $42-million for the three months ended Sept. 30, 2014, compared with income of $21-million in the same period of 2013. Other comprehensive loss was $36-million during the quarter, compared with $48-million in the third quarter of 2013. The current period reflects unfavourable market performance of the company's investment portfolio relative to the prior year.

                  CONSOLIDATED STATEMENTS OF OPERATIONS
     (in millions of U.S. dollars, except per-share amounts)

                                     Three months ended   Nine months ended 
                                               Sept. 30,           Sept. 30,
                                         2014      2013      2014      2013 
Investment income                                                           
Equity accounted income              $     17  $     23  $     50  $     84 
Dividend and interest income                5         6        18        23 
Realized and unrealized (losses)                                          
gains                                      (3)       52        92       139 
Foreign exchange (loss) income            (16)        2       (16)        4 
Interest expense                           (8)       (7)      (22)      (22)
Income tax expense                         (1)       (7)      (12)      (11)
                                     --------- --------- --------- ---------
Net (loss) income                    $     (6) $     69  $    110  $    217 
                                     ========= ========= ========= =========
Net (loss) income per common share   $  (0.13) $   1.38  $   2.20  $   4.35