Mr. Simon Maine reports

BROOKFIELD ASSET MANAGEMENT ANNOUNCES $1 BILLION COMMERCIAL PAPER PROGRAM

Brookfield Asset Management Ltd. has established a commercial paper program on a private placement basis. Under the program, Brookfield may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $1-billion. The program is expected to further diversify and strengthen Brookfield's balance sheet by providing another source of short-term capital. The proceeds from the issuance of any notes will be used for general corporate purposes.

About Brookfield Asset Management Ltd.

Brookfield Asset 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. It 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. It 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. It draws on Brookfield's heritage as an owner and operator to invest for value and generate strong returns for its clients across economic cycles.

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