Early Warning Release - Seite 2

Brookfield Asset Management is listed on the New York and Toronto stock exchanges under the symbol BAM and BAM.A respectively.

For more information, please visit our website at www.brookfield.com or contact:

Media: Claire Holland Vice President, Branding & Communications Tel: [phone] Email: [e-mail]

Investor Relations Linda Northwood Director, Investor Relations Tel: [phone] Email: [e-mail]

Notice to Readers

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, and, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements which reflect management’s expectations regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield and its subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and include future or conditional verbs such as “may” and “will”. In particular, the forward-looking statements contained in this news release include statements referring to future changes in Brookfield’s investment in the West Fraser Shares, which may in turn depend upon the future trading price of the West Fraser Shares and West Fraser’s future business and financial condition and prospects, among other factors.

Although Brookfield 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 because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, including the ongoing COVID-19 global pandemic and the related government-mandated economic restrictions, which may cause the actual results, performance or achievements of Brookfield and West Fraser to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.