Ms. Kerrie McHugh reports

BROOKFIELD CORPORATION RECEIVES EXEMPTIVE RELIEF FROM THE ONTARIO SECURITIES COMMISSION

Brookfield Corp. has received exemptive relief from the Ontario Securities Commission from the requirement to obtain a formal valuation and minority shareholder approval in relation to the arrangement to enhance the corporate structure of Brookfield Asset Management Ltd., which was jointly announced by Brookfield Corp. and Brookfield Asset on Oct. 31, 2024.

Brookfield Corp. filed a material change report on Nov. 1, 2024, summarizing the terms of the arrangement and results of the formal valuation prepared by KPMG LLP, the independent valuer appointed by the governance, nominating and compensation committee of Brookfield Asset. The material change report and the valuation are available on SEDAR+ under Brookfield Corp.'s profile and on EDGAR. Copies of the material change report and/or the valuation will be provided free of charge to shareholders upon request.

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: alternative asset management, wealth solutions, and its operating businesses which are in renewable power, infrastructure, business and industrial services, and real estate.

Brookfield has a record of delivering 15-per-cent plus annualized returns to shareholders for over 30 years, supported by its unrivalled investment and operational experience. Brookfield's conservatively managed balance sheet, extensive operational experience and global sourcing networks allow it to consistently access unique opportunities. At the centre of Brookfield'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.