BAM.A Brookfield Asset Management Inc

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE
UNITED STATES 


Brookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) announced
today the completion of its previously announced Class A Preference Shares,
Series 32 issue in the amount of CDN$300,000,000. The offering was underwritten
by a syndicate led by RBC Dominion Securities Inc., CIBC World Markets Inc.,
Scotia Capital Inc. and TD Securities Inc.


Brookfield issued 12,000,000 Series 32 Shares at a price of CDN$25.00 per share,
for aggregate gross proceeds of CDN$300,000,000. Holders of the Series 32 Shares
will be entitled to receive a cumulative quarterly fixed dividend yielding 4.50%
annually for the initial period ending September 30, 2018. Thereafter, the
dividend rate will be reset every five years at a rate equal to the 5-year
Government of Canada bond yield plus 2.90%. The Series 32 Shares will commence
trading on the Toronto Stock Exchange this morning under the ticker symbol
BAM.PF.A. 


Brookfield intends to use the net proceeds of the issue of Series 32 Shares to
redeem its Class A Preference Shares, Series 10 and for general corporate
purposes. The Series 32 Shares may not be offered or sold in the United States
or to U.S. persons absent registration or an applicable exemption from the
registration requirements under the U.S. Securities Act.


About Brookfield 

Brookfield Asset Management Inc. is a global alternative asset manager with
approximately $150 billion in assets under management. We have over a 100-year
history of owning and operating assets with a focus on real estate,
infrastructure, power and private equity. We have a range of public and private
investment products and services, which leverage our expertise and experience
and provide us with a distinct competitive advantage in the markets where we
operate. Brookfield is co-listed on the New York and Toronto Stock Exchanges
under the symbol BAM and on NYSE Euronext under the symbol BAMA. For more
information, please visit our web site at www.brookfield.com.


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

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 "will"
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 use of
proceeds of the preferred share issue described in this news release. Although
Brookfield 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, 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.

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