BAM.A Brookfield Asset Management Inc

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


All amounts in Canadian dollars. 

Brookfield Renewable Energy Partners L.P. ("Brookfield Renewable") (TSX:BEP.UN)
and Brookfield Asset Management ("Brookfield")
(TSX:BAM.A)(NYSE:BAM)(EURONEXT:BAMA) have completed the previously announced
bought-deal secondary offering with a syndicate of underwriters led by
Scotiabank, CIBC, RBC Capital Markets and TD Securities Inc., through which
Brookfield sold 8,065,000 L.P. units of Brookfield Renewable at an offering
price of $31.00 per L.P. unit, for total gross proceeds of $250 million to
Brookfield. 


Brookfield now owns 169,685,609 L.P. units, representing approximately 65% of
Brookfield Renewable on a fully-exchanged basis. 


This news release shall not constitute an offer of securities for sale in the
United States. The L.P. units offered will not be and have not been registered
under the United States Securities Act of 1933, as amended, and may not be
offered or sold into the United States absent registration or an exemption from
registration. There shall not be any public offering of the L.P. units in the
United States. 


About Brookfield Renewable Energy Partners

Brookfield Renewable Energy Partners (TSX:BEP.UN) operates one of the largest
publicly-traded, pure-play renewable power platforms globally. Its portfolio is
primarily hydroelectric and totals more than 5,600 megawatts of installed
capacity. Diversified across 69 river systems and 11 power markets in the United
States, Canada and Brazil, the portfolio generates enough electricity from
renewable resources to power more than two million homes on average each year.
With a virtually fully-contracted portfolio of high-quality assets and strong
growth prospects, the business is positioned to generate stable, long-term cash
flows supporting regular and growing cash distributions to unitholders. For more
information, please visit www.brookfieldrenewable.com. 


About Brookfield Asset Management

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brookfield Renewable Energy Partners
Zev Korman
Director, Investor Relations
(416) 359-1955
zev.korman@brookfield.com
www.brookfieldrenewable.com


Brookfield Asset Management
Investors:
Katherine Vyse
SVP, Investor Relations
(416) 369-8246
katherine.vyse@brookfield.com


Media:
Andrew Willis
SVP, Communications & Media
(416) 369-8236
andrew.willis@brookfield.com
www.brookfield.com

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