Mr. Simon Maine reports

BROOKFIELD ASSET MANAGEMENT ANNOUNCES PRICING OF INAUGURAL OFFERING OF SENIOR NOTES

Brookfield Asset Management Ltd. has priced its inaugural public offering of senior notes. Brookfield Asset Management has agreed to issue $750-million principal amount of senior notes due 2035, which will bear interest at a rate of 5.795 per cent per annum.

The net proceeds from the sale of the notes will be used for general corporate purposes. The offering is expected to close on April 24, 2025, subject to the satisfaction of customary closing conditions.

The notes are being offered under Brookfield Asset Management's existing amended and restated base shelf prospectus filed in the United States and Canada. In the U.S., the notes are being offered pursuant to an effective registration statement on Form F-10 filed by Brookfield Asset Management with the U.S. Securities and Exchange Commission (file No. 333-279599). The offering is being made only by means of a prospectus supplement relating to the offering of the notes. You may obtain these documents for free on EDGAR or on SEDAR+. Before you invest, you should read these documents and other public filings by Brookfield Asset Management for more complete information about Brookfield Asset Management and this offering.

Alternatively, copies can be obtained from: Citigroup Global Markets Inc., care of Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, N.Y., 11717, telephone at 1-800-831-9146, email at prospectus@citi.com; and Wells Fargo Securities LLC, 608 2nd Ave. S, Suite 1000, Minneapolis, Minn., 55402, attention: WFS Customer Service, telephone at 1-800-645-3751, email at wfscustomerservice@wellsfargo.com.

About Brookfield Asset Management Ltd.

Brookfield Asset Management is a leading global alternative asset manager, headquartered in New York, with over $1-trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. Brookfield Asset Management invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. Brookfield Asset Management offers a range of alternative investment products to investors around the world, including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors. Brookfield Asset Management draws on its heritage as an owner and operator to invest for value and generate strong returns for its clients, across economic cycles.

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