Brookfield Asset Management Announces Pricing of US$650 Million 3.900% Notes Due January 25, 2028 and US$350 Million Re-Opening of 4.700% Notes Due September 20, 2047

TORONTO, Jan. 11, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. ("Brookfield") (TSX:BAM.A) (NYSE:BAM) (Euronext:BAMA) today announced the pricing of its previously announced public offering of notes due 2028 (the "2028 notes") and re-opening of notes due 2047 (the "additional 2047 notes" and, together with the 2028 notes, the "notes"). The size of the offering of 2028 notes was increased from US$500 million to US$650 million and the offering of additional 2047 notes was increased from US$250 million to US$350 million.

The 2028 notes will have a coupon of 3.900% and will be issued at a price equal to 99.654% of their face value for an effective yield of 3.942%.

The additional 2047 notes will form the same series as the already outstanding US$550 million principal amount of 4.700% notes due 2047 (the "existing 2047 notes"), which were issued on September 14, 2017. The terms of the additional 2047 notes will be identical to the existing 2047 notes, other than the issue date and issue price. The additional 2047 notes will be issued at a price equal to 101.963% of their face value plus accrued and unpaid interest from the original issuance date of September 14, 2017 to, but excluding, the date of delivery of such notes, with an effective yield of 4.577%, if held to maturity. An aggregate principal amount of US$900 million of 4.700% notes due 2047 will be outstanding after giving effect to this offering.

The notes will be issued by Brookfield Finance Inc., a 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The net proceeds of the offering will be used for general corporate purposes. The offering is expected to close on or about January 17, 2018.

The notes will be offered under Brookfield Finance Inc.'s existing base shelf prospectus filed in the United States and Canada. In the United States, the notes are being offered pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission on September 29, 2017. The offering will be made only by means of a prospectus supplement relating to the offering of the notes. You may obtain these documents for free on EDGAR at www.sec.gov or on SEDAR at www.sedar.com. Before you invest, you should read these documents and other public filings by Brookfield for more complete information about Brookfield and this offering.