Ms. Kerrie McHugh reports

BROOKFIELD CORPORATION ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID FOR PREFERRED SHARES

Brookfield Corp. has received approval from the Toronto Stock Exchange (TSX) for the renewal of its normal course issuer bid to purchase up to 10 per cent of the public float of each series of the company's outstanding Class A preference shares that are listed on the TSX. Purchases under the bid will be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems. The period of the normal course issuer bid will extend from Aug. 24, 2026, to Aug. 23, 2027, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any preferred shares purchased or such other price as may be permitted.

Under the normal course issuer bid, Brookfield is authorized to repurchase each respective series of the preferred shares as shown in the attached table.

As of Aug. 12, 2026, under its current normal course issuer bid that commenced on Aug. 22, 2025, and will expire on Aug. 21, 2026, and which was approved by the TSX, Brookfield purchased 251,500 shares of the preferred shares, Series 51, at a weighted average price of $17.86 per share of which 131,500 shares was made on the TSX. The company also purchased 23,300 shares of the preferred shares, Series 52, at a weighted average price of $17.55 per share on the TSX.

Brookfield believes that the renewed normal course issuer bid will provide the flexibility to use available funds to purchase preferred shares where it aligns with the company's investment and capital allocation strategies. All preferred shares acquired by Brookfield under this bid will be cancelled.

Brookfield intends to enter into an automatic share purchase plan on or about the week of Sept. 21, 2026, in relation to the normal course issuer bid. The automatic share purchase plan will allow for the purchase of preferred shares, subject to certain trading parameters, at times when Brookfield ordinarily would not be active in the market due to its own internal trading blackout period, insider trading rules or otherwise. Outside of these periods, the preferred shares will be repurchased in accordance with management's discretion and in compliance with applicable law.

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: asset management, wealth solutions, and its operating businesses which are in infrastructure, energy, private equity and real estate.

The company has a record of delivering 15-plus-per-cent annualized returns to shareholders for over 30 years, supported by its 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 the company's 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 Corp. is publicly traded in New York and Toronto (New York Stock Exchange: BN, Toronto Stock Exchange: BN).

We seek Safe Harbor.