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 that it has agreed to issue C$350 million aggregate principal amount of
medium term notes ("notes"), including C$175 million principal amount of a
re-opening of notes with a March 2023 maturity (the "March 2023 Notes") and
C$175 million principal amount of a re-opening of notes with an April 2019
maturity (the "April 2019 Notes"). 


The original issuance of the March 2023 Notes was completed in September 2012.
The additional March 2023 Notes will have the same coupon of 4.54%, as well as
the same terms and conditions as the company's notes issued in September 2012,
but will be issued at a price of C$102.307 plus accrued interest, with an
effective yield of 4.257% if held to maturity. An aggregate of C$600 million of
March 2023 Notes will be outstanding after giving effect to this offering. 


The original issuance of the April 2019 Notes was completed in April 2012. The
additional April 2019 Notes will have the same coupon of 3.95%, as well as the
same terms and conditions as the company's notes issued in April 2012, but will
be issued at a price of C$102.247 plus accrued interest, with an effective yield
of 3.541% if held to maturity. An aggregate of C$600 million of April 2019 Notes
will be outstanding after giving effect to this offering. 


The company intends to use the net proceeds of the issue to redeem all of its
outstanding 8.95% notes that mature on June 2, 2014, to refinance indebtedness
that will mature in October 2013 and for general corporate purposes. 


The notes are being offered through a syndicate of agents led by Scotia Capital
Inc., CIBC World Markets Inc. and RBC Capital Markets.


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.

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 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
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)
katherine.vyse@brookfield.com
www.brookfield.com

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