Ms. Kerrie McHugh reports

BROOKFIELD CORPORATION TO ISSUE C$150 MILLION OF PREFERRED SHARES

Brookfield Corp. has agreed to issue six million Class A preference shares, Series 56, on a bought deal basis to a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., Bank of Nova Scotia and TD Securities Inc. for distribution to the public. The preferred shares, Series 56, will be issued at a price of $25 per share, for aggregate gross proceeds of $150-million. Holders of the preferred shares, Series 56, will be entitled to receive a cumulative quarterly fixed dividend yielding 5.65 per cent annually for the initial period ending Dec. 31, 2031. 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 2.15 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 56, which, if exercised, would increase the gross offering size to $200-million. The preferred shares, Series 56, will be offered in all provinces of Canada by way of a supplement to Brookfield's existing short form base shelf prospectus dated Dec. 19, 2025. The preferred shares, Series 56, 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 for general corporate purposes. The offering is expected to close on or about Oct. 22, 2026.

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 amendments to those 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 amendments to those documents may be obtained, without charge, from any of the joint bookrunners by contacting RBC Capital Markets by e-mail at Distribution.RBCDS@rbccm.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 by e-mail at NBF-Syndication@bnc.ca, Scotiabank by e-mail at equityprospectus@scotiabank.com and TD Securities by e-mail at sdcconfirms@td.com.

Prospective investors should read the base shelf prospectus and the prospectus supplement (when filed) in their entirety before making an investment decision.

About Brookfield Corp.

Brookfield is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. Brookfield has three core businesses: asset management, wealth solutions and its operating businesses, which are in infrastructure, energy, private equity and real estate.

Brookfield has a record of delivering 15-per-cent-plus annualized returns to shareholders for over 30 years, supported by the company's investment and operational experience. Brookfield'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 is publicly traded in New York and Toronto.

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