Ms. Marie Fuller reports

BROOKFIELD BUSINESS PARTNERS COMPLETES FILING OF RECAST ANNUAL FINANCIAL STATEMENTS

Brookfield Business Partners LP has filed recast audited consolidated financial statements as at Dec. 31, 2022, and 2021 and for each of the three years in the period ended Dec. 31, 2022, together with corresponding management's discussion and analysis. The recast financial statements have been prepared in connection with Brookfield Business Partners' previously disclosed adoption of IFRS 17, Insurance Contracts.

The recast financial statements supersede and replace in all respects the previously filed annual consolidated financial statements and management's discussion and analysis of Brookfield Business Partners for such periods.

The recast financial statements are available on Brookfield Business Partners' website, on the United States Securities and Exchange Commission's website and on the SEDAR-plus website. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

About Brookfield Business Partners LP

Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position.

We seek Safe Harbor.