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 an offering of C$425 million of medium term notes (unsecured) ("notes")
with a March 2023 maturity and a yield of 4.546%. 


The notes have been assigned a credit rating of Baa2 (stable outlook) by
Moody's; A - (negative outlook) by Standard & Poor's; BBB (stable outlook) by
Fitch; and A low (stable outlook) by DBRS. The notes are being offered through a
syndicate of agents led by CIBC World Markets Inc., Scotia Capital Inc. and TD
Securities Inc. 


The company intends to use the net proceeds of the issue to redeem or repurchase
$350 million of 8.95% notes that mature on June 2, 2014 and for general
corporate purposes. 


This news release does not constitute an offer to sell or the solicitation of an
offer to buy the securities in any jurisdiction. The securities being offered
have not been approved or disapproved by any regulatory authority nor has any
such authority passed upon the accuracy or adequacy of the short form base shelf
prospectus or the prospectus supplement. The securities have not been and will
not be registered under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act") or any state securities laws and may not be offered
or sold within the United States or to United States persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available. 


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.


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 word
"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 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.

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