Ms. Kerrie McHugh reports

BROOKFIELD CORPORATION ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

Brookfield Corp. has received approval from the Toronto Stock Exchange fr the renewal of its normal course issuer bid to purchase up to 191,034,672 Class A limited voting shares, representing 10 per cent of the public float of Brookfield's outstanding Class A shares. Purchases under the bid will be made on the open market through the facilities of the TSX, the New York Stock Exchange and/or alternative trading systems. The period of the normal course issuer bid will extend from May 27, 2026 to May 26, 2027, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any Class A shares purchased or such other price as may be permitted.

As at May 15, 2026, the number of Class A shares issued and outstanding totalled 2,450,808,038, of which 1,910,346,718 shares represented the public float. In accordance with the rules of the TSX, the maximum daily purchase on the TSX under this bid will be 722,889 Class A shares, which is 25 per cent of 2,891,559 (the average daily trading volume for Class A shares on the TSX for the six months ended April 30, 2026).

Of the 143,027,158 Class A shares approved for purchase under Brookfield's prior normal course issuer bid that commenced on May 27, 2025, and will expire on May 26, 2026, Brookfield did not make any purchases on the TSX. Brookfield completed a 3-for-2 stock split on Oct. 9, 2025. Between the period May 27 to Oct. 9, 2025, Brookfield purchased 916,362 Class A shares on the NYSE on a presplit basis. Between Oct. 10, 2025, and May 15, 2026, 13,755,801 Class A shares were purchased by Brookfield on the NYSE on a postsplit basis. In total, Brookfield purchased 15,130,344 Class A shares on a postsplit basis at a weighted average per share price of $41.51 (U.S.).

Brookfield is renewing its normal course issuer bid because it will provide the flexibility to use available funds to acquire its Class A shares where it aligns with Brookfield's investment and capital allocation strategies. All Class A shares acquired by Brookfield under this bid will be cancelled and/or purchased by a non-independent trustee pursuant to the terms of Brookfield's long-term incentive plans.

Brookfield intends to enter into an automatic share purchase plan on or about the week of June 15, 2026, in relation to the normal course issuer bid. The automatic share purchase plan will allow for the purchase of Class A shares, subject to certain trading parameters, at times when Brookfield ordinarily would not be active in the market due to its own internal trading blackout period, insider trading rules or otherwise. Outside of these periods, Class A shares will be repurchased in accordance with management's discretion and in compliance with applicable law.

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 energy, infrastructure, private equity and real estate.

Brookfield has a record of delivering greater-than-15-per-cent 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 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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