Ms. Keren Dubon reports

BROOKFIELD OFFICE PROPERTIES ANNOUNCES RESULTS OF CONVERSION OF ITS SERIES R PREFERENCE SHARES

After having taken into account all election notices received by the deadline for the conversion of the Class AAA preference shares, Series R, of Brookfield Office Properties Inc. into Class AAA preference shares, Series S, the holders of Series R shares are not entitled to convert their Series R shares into Series S shares. There were 24,640 Series R shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series S shares.

The Series R shares will pay on a quarterly basis, for the five-year period beginning on Oct. 1, 2026, as and when declared by the board of directors of Brookfield, a fixed dividend based on an annual dividend rate of 6.829 per cent (42.68125 cents per share per quarter).

About Brookfield Office Properties Inc.

Brookfield Office Properties is a subsidiary of Brookfield Property Partners LP, one of the world's largest commercial real estate companies.