Early Warning Launch NYSE:BAM

All amounts in Canadian dollars except normally said.

BROOKFIELD News, Feb. 26, 2021 (Globe NEWSWIRE) — Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A NYSE: BAM) stories that amongst February 17, 2021 and February 26, 2021 Brookfield, which includes sure of its controlled affiliate marketers, has disposed of, in aggregate, 2,667,011 prevalent shares (the “West Fraser Shares”) in the funds of West Fraser Timber Co. Ltd. (“West Fraser”) on the Toronto Inventory Trade in open up market product sales for combination dollars thing to consider of $229,499,413, at selling prices between $83.00 per West Fraser Share and $91.51 per West Fraser Share (the “Transactions”).

Prior to offering effect to the Transactions, Brookfield held an combination of 23,481,584 West Fraser Shares (symbolizing close to 19.4% of the West Fraser Shares at the moment superb). Pursuing the Transactions, Brookfield held an mixture of 20,814,573 West Fraser Shares, representing about 17.2% of the issued and superb West Fraser Shares, a lower of around 2.2%.

This press release is remaining issued in accordance with the early warning reporting needs recommended by Nationwide Instrument 62-103. An Early Warning Report with further data in respect of the foregoing matters will be filed for Brookfield. A copy of these kinds of report might be obtained from the SEDAR profile of West Fraser at www.sedar.com.

Brookfield retains the West Fraser Shares for expenditure needs. From time to time, Brookfield will overview its holdings of West Fraser Shares and, relying on sector situations, normal financial problems and business ailments, the buying and selling cost of the West Fraser Shares, West Fraser’s business enterprise and monetary problem and potential clients and/or other appropriate things, might enhance or decrease its financial investment in the West Fraser Shares in open up market or in privately negotiated transactions with one or much more persons.

West Fraser’s head office environment is located at 501- 858 Beatty Street, Vancouver, British Columbia, V6B 1C1.

Brookfield Asset Management Inc. is a primary worldwide alternate asset supervisor with US$600 billion of belongings underneath management throughout actual estate, infrastructure, renewable electric power, personal equity and credit rating. Brookfield owns and operates prolonged-life assets and enterprises, lots of of which variety the backbone of the world-wide overall economy. Making use of its world attain, access to massive-scale cash and operational experience, Brookfield gives a vary of alternate investment decision products to buyers all-around the world— which include general public and non-public pension programs, endowments and foundations, sovereign wealth cash, monetary institutions, insurance plan providers and personal prosperity traders.

Brookfield Asset Administration is shown on the New York and Toronto stock exchanges below the image BAM and BAM.A respectively.

For additional facts, please visit our web-site at www.brookfield.com or call:

Observe to Visitors

This information release includes “forward-hunting information” and “forward-looking statements” in the which means of Canadian provincial securities legislation and “forward-seeking statements” inside the meaning of the U.S. Securities Act of 1933, the U.S. Securities Trade Act of 1934, and, “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995 and in any applicable Canadian securities laws. Forward-on the lookout statements include statements that are predictive in mother nature, rely on or refer to upcoming occasions or situations, incorporate statements which mirror management’s anticipations regarding the operations, organization, economic ailment, envisioned money final results, overall performance, potential clients, possibilities, priorities, targets, ambitions, ongoing goals, strategies and outlook of Brookfield and its subsidiaries, as well as the outlook for North American and global economies for the current fiscal 12 months and subsequent durations, and contain long run or conditional verbs these types of as “may” and “will”. In specific, the ahead-hunting statements contained in this news release include things like statements referring to long run changes in Brookfield’s financial commitment in the West Fraser Shares, which may possibly in switch count upon the potential investing rate of the West Fraser Shares and West Fraser’s long term company and money problem and prospects, between other factors.

Despite the fact that Brookfield believes that this kind of forward-seeking statements and info are centered upon acceptable assumptions and expectations, the reader really should not put undue reliance on forward-seeking statements and information and facts mainly because they entail regarded and mysterious hazards, uncertainties and other components, quite a few of which are over and above our handle, like the ongoing COVID-19 world-wide pandemic and the linked govt-mandated economic limits, which may well bring about the precise results, functionality or achievements of Brookfield and West Fraser to differ materially from predicted long term outcomes, effectiveness or accomplishment expressed or implied by these ahead-wanting statements and info.

Aspects that could trigger real outcomes to differ materially from those contemplated or implied by ahead-wanting statements include things like, but are not minimal to: (i) expenditure returns that are decrease than goal (ii) the effect or unanticipated affect of general economic, political and marketplace elements in the nations in which we do business including as a consequence of COVID-19 and the related government-mandated economic limits (iii) the habits of economic marketplaces, together with fluctuations in interest and overseas trade prices (iv) international equity and capital markets and the availability of fairness and financial debt funding and refinancing within these markets (v) strategic steps which include acquisitions or dispositions (vi) the skill to complete and successfully combine acquisitions into existing operations and the skill to attain envisioned added benefits and (vii) other things comprehensive from time to time in our and West Fraser’s documents submitted with the securities regulators in Canada and the United States.

We warning that the foregoing record of important components that could have an impact on long run final results is not exhaustive and other aspects could also adversely impact success. Visitors are urged to contemplate the foregoing hazards, as nicely as other uncertainties, elements and assumptions thoroughly in analyzing the forward-seeking facts and are cautioned not to put undue reliance on these kinds of ahead-hunting facts. Besides as expected by regulation, Brookfield undertakes no obligation to publicly update or revise any ahead-on the lookout statements or details, whether or not composed or oral, that might be as a result of new information and facts, foreseeable future occasions or if not.