Brookfield and Investment Corporation of Dubai Announce Appointment of Douglas Kirkman in Dubai

Tue Feb 26, 2013 1:04pm EST

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Brookfield Asset Management Inc.

February 26, 2013 - 01:03:55 PM

Brookfield and Investment Corporation of Dubai Announce Appointment of Douglas
Kirkman in Dubai

DUBAI, UNITED ARAB EMIRATES--(Marketwire - Feb. 26, 2013) - Brookfield Asset
Management Inc. (TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) and Investment
Corporation of Dubai announced today that they have appointed Douglas Kirkman,
Senior Vice President of the Brookfield Property Group, as chief executive
officer of ICD-Brookfield Management Limited, which will be the manager of the
ICD-Brookfield Dubai Real Estate Fund (under formation). He will be based in

Prior to assuming his current position, Mr. Kirkman worked for the Blackstone
Group, where he helped set up their Indian real estate business and led their
drive into Turkey, among his other responsibilities in their European
principal investing activities.

The ICD-Brookfield Dubai Real Estate Fund, once formed, will pursue
opportunities in the Dubai real estate sector with a particular focus on
development opportunities. The manager of the Fund is jointly owned by
Brookfield Asset Management and Investment Corporation of Dubai.

Investment Corporation of Dubai is the investment arm of the government of
Dubai and holds stakes in more than 30 companies, including Emaar Properties,
developer of the world's largest mall and tallest tower, and Emirates

Brookfield Asset Management Inc. is a global alternative asset manager with
over $175 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

Forward-Looking Statements

Note: This news release contains forward-looking information within the
meaning of Canadian provincial securities laws and "forward-looking
statements" within the meaning of Section 27A of the U.S. Securities Act of
1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as
amended, "safe harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995 and in any applicable Canadian securities
regulations. The words "considering" and "intends" and derivations thereof and
other expressions that are predictions of or indicate future events, trends or
prospects and which do not relate to historical matters identify
forward-looking statements. Forward-looking statements in this news release
include statements in regards to the proposed offering and the use of proceeds
from the offering described in this news release. Although Brookfield Asset
Management believes that such forward-looking statements and information are
based upon reasonable assumptions and expectations, the reader should not
place undue reliance on forward-looking statements and information as such
statements and information involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of the company to differ materially from anticipated future results,
performance or achievement expressed or implied by such forward-looking
statements and information.

Factors that could cause actual results to differ materially from those
contemplated or implied by forward-looking statements include: economic and
financial conditions in the countries in which we do business; the behaviour
of financial markets, including fluctuations in interest and exchange rates;
availability of equity and debt financing; and other risks and factors
detailed from time to time in the company's form 40-F filed with the
Securities and Exchange Commission as well as other documents filed by the
company with the securities regulators in Canada and the United States
including the company's most recent Management's Discussion and Analysis of
Financial Results under the heading "Business Environment and Risks."

We caution that the foregoing list of factors that may affect future results
is not exhaustive. When relying on our forward-looking statements to make
decisions with respect to Brookfield Asset Management, investors and others
should carefully consider the foregoing factors and other uncertainties and
potential events. Except as required by law, the company undertakes no
obligation to publicly update or revise any forward-looking statements or
information, whether written or oral, as a result of new information, future
events or otherwise.

Investment Corporation of Dubai
Abdulla Al Qubaisi
Operations Director
+97147071444 (FAX)

Brookfield Asset Management Inc.
Andrew Willis
SVP, Communications and Media
(416) 369-8236
(416) 363-2856 (FAX)

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