Mr. Connor Teskey reports

BROOKFIELD EXPANDS ITS OPERATIONS IN GERMANY WITH A NEW FRANKFURT OFFICE

Brookfield Asset Management Ltd. has opened its new Frankfurt office. The new office reinforces Brookfield's long-term conviction in Germany and enables it to be closer to its investors, portfolio companies and investment opportunities across the German-speaking region.

Brookfield has been actively investing in Germany since 2013 and today has over 25 billion euros of assets across sectors critical to the German economy. Its portfolio spans digital and residential decarbonization infrastructure, student housing, logistics and renewable power, in addition to investments in iconic real estate like the newly redeveloped Potsdamer Platz in the heart of Berlin. Through its operations, Brookfield employs over 4,000 people in Germany.

Connor Teskey, president, Brookfield, said: "The launch of our new Frankfurt office is an exciting milestone in our continued growth in Europe. We have been investing in Germany for over a decade and have built a portfolio of high-quality assets and businesses and see significant opportunities for further investment."

Sikander Rashid, head of Europe and head of European infrastructure, said: "Germany is home to some of the world's foremost industrial companies and ranks among the most influential economies globally. We are excited to partner with businesses seeking to reduce carbon emissions, localize supply chains and build out the critical infrastructure that underpins an increasingly digital economy."

Brookfield's investments in Germany over the last two years total over 10 billion euros of equity and include a partnership with Deutsche Telekom on the 10.7-billion-euro GD Towers transaction, the acquisition of Sunovis, a German solar developer and an investment in alstria REIT.

Brookfield has been investing in Europe since 2003 and today manages approximately 160 billion euros of assets across the region. With offices in London, Madrid and now Frankfurt, Brookfield is active across all its major strategies in Europe.

About Brookfield Asset Management Ltd.

Brookfield Asset Management is a leading global alternative asset manager with $850-billion of assets under management across renewable power and transition, infrastructure, private equity, real estate and credit. The company invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. The company offers a range of alternative investment products to investors around the world -- including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors. The company draws on Brookfield's heritage as an owner and operator to invest for value and generate strong returns for its clients across economic cycles.

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