Ms. Kerrie McHugh reports

BROOKFIELD CORPORATION TO ISSUE C$200 MILLION OF PREFERRED SHARES AND REDEEM A MINIMUM OF C$200 MILLION OF ITS CLASS A PREFERENCE SHARES, SERIES 44

Brookfield Corp. has agreed to issue eight million Class A preference shares, Series 54, on a bought deal basis to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., RBC Capital Markets and TD Securities Inc. for distribution to the public. The preferred shares, Series 54 will be issued at a price of $25.00 per share, for aggregate gross proceeds of $200-million. Holders of the preferred shares, Series 54 will be entitled to receive a cumulative quarterly fixed dividend yielding 5.65 per cent annually for the initial period ending Dec. 31, 2030. Thereafter, the dividend rate will be reset every five years at a rate equal to the greater of: (i) the five-year government of Canada bond yield plus 2.80 per cent and (ii) 5.65 per cent.

In connection with the offering, Brookfield has granted the underwriters an option, exercisable until 48 hours prior to closing, to purchase up to an additional two million preferred shares, Series 54, which, if exercised, would increase the gross offering size to $250-million. The preferred shares, Series 54 will be offered in all provinces of Canada by way of a supplement to Brookfield's existing short form base shelf prospectus dated May 31, 2024. The preferred shares, Series 54, may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements under the U.S. Securities Act.

Brookfield intends to use the net proceeds from the offering to redeem a minimum of $200-million of its outstanding cumulative Class A preference shares, Series 44, for cash on Dec. 31, 2025. If the underwriters' option is exercised in full, Brookfield intends to redeem all of its preferred shares, Series 44 on Dec. 31, 2025. The redemption price for each share will be $25.00. Holders of preferred shares, Series 44, of record as of Dec. 15, 2025, will receive the previously declared quarterly dividend of 31.25 cents per share, payable on Dec. 31, 2025. The offering is expected to close on or about Nov. 26, 2025.

Access to the prospectus supplement, the base shelf prospectus and any amendments to the documents is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to the documents. The base shelf prospectus is, and the prospectus supplement will be (within two business days of the date hereof), accessible on SEDAR+. An electronic or paper copy of the prospectus supplement, the base shelf prospectus and any amendment to the documents may be obtained, without charge, from any of the joint bookrunners by contacting Scotiabank by e-mail at equityprospectus@scotiabank.com, BMO Capital Markets by e-mail at torbramwarehouse@datagroup.ca, CIBC Capital Markets by e-mail at mailbox.canadianprospectus@cibc.com, National Bank Financial Inc. by e-mail at NBF-Syndication@bnc.ca, RBC Capital Markets by e-mail at Distribution.RBCDS@rbccm.com and TD Securities Inc. by e-mail at sdcconfirms@td.com.

About Brookfield Corp.

Brookfield is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. The company has three core businesses: alternative asset management, wealth solutions and its operating businesses which are in renewable power, infrastructure, business and industrial services, and real estate.

Brookfield has a record of delivering 15-per-cent-plus annualized returns to shareholders for over 30 years, supported by its unrivalled investment and operational experience. The company's conservatively managed balance sheet, extensive operational experience and global sourcing networks allow the company to consistently access unique opportunities. At the centre of its success is the Brookfield ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield is publicly traded in New York and Toronto (New York Stock Exchange: BN, Toronto Stock Exchange: BN).

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