Ms. Anne-Elise Allegritti reports

BRIDGEMARQ REAL ESTATE SERVICES ANNOUNCES VOTING RESULTS FROM SPECIAL MEETING OF SHAREHOLDERS

Bridgemarq Real Estate Services Inc. has released the voting results for the special meeting of its shareholders held virtually earlier today.

Bridgemarq is pleased to announce that the holders of restricted voting shares adopted an ordinary resolution at the meeting, approving the issuance of up to three million Class B subordinated limited partnership units by Residential Income Fund LP, a subsidiary of the company, and the issuance of the restricted voting shares in the capital of the company that may be issued upon the exchange of such Class B units, as consideration for the acquisition by the partnership of all of the outstanding shares of Bridgemarq Real Estate Services Manager Ltd. and Proprio Direct Inc., pursuant to a share purchase agreement dated Dec. 14, 2023, among (inter alia) the company, the partnership and Brookfield BBP (Canada) LP. The full text of the transaction resolution is set out in appendix B to the circular.

The results of the voting with respect to the transaction resolution exclude the votes cast by Brookfield BBP (Canada) and its affiliates, and are summarized in the attached table.

            VOTING RESULTS

Votes for      %    Votes against      %  

1,448,184   93.2          105,311    6.8

Please refer to the company's management information circular dated March 1, 2024, for a full description of this matter, a copy of which is available under the company's profile on SEDAR+.

About Bridgemarq Real Estate Services Inc.

Bridgemarq is a leading provider of services to residential real estate brokers and a network of approximately 21,000 Realtors. It operates in Canada under the Royal LePage, Via Capitale and Johnston & Daniel brands.

Bridgemarq is an affiliate of Brookfield Business Partners, a business service and industrial company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and the Toronto stock exchanges.