BAM.A Brookfield Asset Management Inc

NOT FOR DISTRIBUTION IN THE UNITED STATES

Brookfield Asset Management ("Brookfield") (TSX:BAM.A) (NYSE:BAM)
(EURONEXT:BAMA) today announced the first closing of the US$400 million
Brookfield Colombia Infrastructure Fund. The closing was achieved with
commitments of US$320 million, making it the largest private equity and
infrastructure fund ever raised in Colombia. Investors in the fund include
Colombian institutional investors and Brookfield.


Thomas Keller, Brookfield's Managing Partner for Latin America Infrastructure
said: "We are pleased to have this vote of confidence from Colombian
institutional investors." Fernando Garcia-Rossel, Brookfield's Head of Andean
Region Infrastructure added: "This initiative is an important step in our plan
to expand our presence in Colombia and occurs at a time of attractive investment
opportunities in the Colombian market."


About Brookfield Asset Management

Brookfield is a leading global asset manager offering private equity investment
strategies in real estate, renewable power generation, infrastructure and
special situations to institutional investors. The firm currently has over US$80
billion of assets under management of which approximately US$8 billion are
invested in Latin America. The firm has over 400 investment professionals and
9,700 operating employees in over 50 offices and operating locations around the
world. Brookfield's strategy is to combine best-in-class operating platforms and
best-in-class transaction execution capabilities to invest in targeted assets
and actively manage them to achieve superior returns over the long term.


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 "plan",
"expand", "strategy", 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
Brookfield's ability to expand its presence in Columbia, its strategy and other
statements with respect to Brookfield's beliefs, outlook, plans, expectations
and intentions for the Fund. Although Brookfield Asset Management believes that
the anticipated future results, performance or achievements expressed or implied
of such assets by the 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 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; the market, including competition, in the private equity and
infrastructure space; 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 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.


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

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