Brookfield Business Partners Announces Renewal of Normal Course Issuer Bids for Units and Exchangeable Shares - Seite 2

Under Brookfield Business Corporation’s normal course issuer bid that commenced on August 17, 2023 and will expire on August 16, 2024, Brookfield Business Corporation previously sought and received approval from the TSX to repurchase up to 3,647,745 Exchangeable Shares. No Exchangeable Shares were purchased under Brookfield Business Corporation’s previous normal course issuer bid.

Purchases of Units and Exchangeable Shares will be made through the facilities of the TSX, the New York Stock Exchange and/or alternative trading systems. All Units and Exchangeable Shares purchased by Brookfield Business Partners L.P. and Brookfield Business Corporation under the applicable normal course issuer bids will be cancelled. Purchases will be subject to compliance with applicable United States federal securities laws, including Rule 10b-18 under the United States Securities Exchange Act of 1934, as amended, as well as applicable Canadian securities laws.

Brookfield Business Partners has entered into automatic repurchase plans, which have been pre-cleared by the TSX, to allow for the purchase of Units or Exchangeable Shares, as applicable, subject to certain trading parameters, at times when Brookfield Business Partners would ordinarily not be active in the market due to its own internal trading black-out periods, insider trading rules or otherwise. Outside of these periods, Units and Exchangeable Shares will be purchased in accordance with management’s discretion and in compliance with applicable law. The actual number of Units and Exchangeable Shares purchased under the automatic plans, the timing of such purchases and the price at which Units and Exchangeable Shares are purchased will depend upon future market conditions.

Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership, or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.