Brookfield Announces Redemption of Its Remaining 8.95% Notes Due June 2, 2014

Mon Feb 4, 2013 9:29am EST

* Reuters is not responsible for the content in this press release.

  TORONTO, ONTARIO, Feb 04 (MARKET WIRE) --
Brookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA)
announced today that it has exercised its right to redeem its remaining
C$150,000,000 principal amount of 8.95% Notes due June 2, 2014 (the
"Notes") on March 6, 2013. On October 15, 2012, Brookfield redeemed 70%
of its original issuance of C$500,000,000 8.95% Notes due June 2, 2014.

    The redemption price for the Notes will be determined in accordance with
the provisions of the trust indenture dated September 20, 1995 and the
eleventh supplemental indenture dated June 2, 2009 and will include
accrued and unpaid interest on the Notes up to, but not including, the
redemption date.

    Notice of redemption will be delivered today to CDS Clearing and
Depository Services Inc. ("CDS") and the trustee, Computershare Trust
Company of Canada. Non-registered holders (banks, brokerage firms or
other financial institutions) who maintain their interests in the Notes
through CDS should contact their CDS customer service representative with
any questions about the redemption.

    Brookfield Asset Management Inc. is a global alternative asset manager
with over $150 billion in assets under management. The company has over a
100-year history of owning and operating assets with a focus on property,
renewable power, infrastructure and private equity. It has a range of
public and private investment products and services, which leverage its
expertise and experience and provide Brookfield with a competitive
advantage in the markets where it operates. Brookfield is co-listed on
the New York and Toronto Stock Exchanges under the symbol BAM and BAM.A,
respectively, and on NYSE Euronext under the symbol BAMA. For more
information, please visit our website at www.brookfield.com.

    For more information, please visit our web site at www.brookfield.com.

Contacts:
Brookfield Asset Management Inc.
Andrew Willis
SVP, Communications and Media
(416) 369 - 8236
(416) 363 - 2856 (FAX)
andrew.willis@brookfield.com

Brookfield Asset Management Inc.
Katherine Vyse
SVP, Investor Relations
(416) 369-8246
(416) 363-2856 (FAX)
kvyse@brookfield.com
www.brookfield.com

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