Ms. Kerrie McHugh reports

BROOKFIELD CORPORATION ANNOUNCES RESULTS OF CONVERSION OF ITS SERIES 32 PREFERRED SHARES

After having taken into account all election notices received by the deadline for the conversion of Brookfield Corp.'s cumulative Class A preference shares, Series 32, into cumulative Class A preference shares, Series 33, there were 177,688 Series 32 shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 33 shares. Accordingly, there will be no conversion of Series 32 shares into Series 33 shares and holders of Series 32 shares will retain their Series 32 shares.

About Brookfield Corp.

Brookfield is focused on compounding capital over the long term to earn attractive total returns for its shareholders. Today, its capital is deployed across three businesses -- asset management, insurance solutions and its operating businesses, generating substantial and growing free cash flows, all of which is underpinned by a conservatively capitalized balance sheet.