BAM.A Brookfield Asset Management Inc

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 Dubai.


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 Airlines.


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
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
"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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investment Corporation of Dubai
Abdulla Al Qubaisi
Operations Director
+97147071344
+97147071444 (FAX)
abdulla.alqubaisi@icd.gov.ae


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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