Ms. Kerrie McHugh reports

BROOKFIELD CORPORATION ANNOUNCES RESULTS OF CONVERSION OF ITS SERIES 34 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 34, into cumulative Class A preference shares, Series 35, there were 257,216 Series 34 shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 35 shares. Accordingly, there will be no conversion of Series 34 shares into Series 35 shares and holders of Series 34 shares will retain their Series 34 shares.

About Brookfield Corp.

Brookfield is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. It has one of the largest pools of discretionary capital globally, which is deployed across its three core businesses -- asset management, insurance solutions and its operating businesses. Through its core businesses, Brookfield invests in real assets that form the backbone of the global economy to deliver strong risk-adjusted returns to its stakeholders. Over the long term, the company is focused on delivering over 15-per-cent annualized returns to its shareholders. Brookfield is publicly traded in New York and Toronto (BN).