Presentation - Brookfield Asset Management

And, we manage client capital and invest alongside themin our high quality real assetsBrookfield(BAM)FlagshipPublicFundsBrookfieldProperty Partners(BPY)93% 65% 28% 100%Brookfield RenewableEnergy Partners(BREP)BrookfieldInfrastructure Partners(BIP)BrookfieldCapital PartnersPrivateFundsBrookfieldProperty FundsBrookfieldInfrastructure FundsBrookfieldPrivate Equity Funds3| Brookfield Asset Management Inc.

Our multi-fund strategy focuses onpublic and private fundsPublic Funds• Stable yield-oriented investment vehicles• Perpetual capital• Base fees based on market capitalization• Incentive distributions driven by growth in unitholder distributionsPrivate Funds• Closed-ended private funds• Base fees based on capital commitments• Carried interest ranging from 18% to 20% of investment return4| Brookfield Asset Management Inc.

Programa Cooperación Farma-BiotechNanocoat: Formulations for the coating and transfer of different elements towards tumoursTechnologies:1. The Research GroupGene Therapy (adenovirus, CRAds, retrovirus, lentivirus)Cell Therapy (Mesenchymal stem cells, iPS, ES)Nanotechnology (dendrimers, NP functionalization)Molecular Imaging (MRI, PET, SPECT, BLI)Tissue Regeneration (de/recellularization organs)Molecular diagnosis (molecular biology)

And we have aStrong Performance RecordVintages Gross IRR 1,2Private FundsCore Plus & Value Add 2003 – 2013 12%Opportunistic 2001 – 2012 26%Flagship Listed FundsInfrastructure (BIP) 2008 18%Renewable Energy (BREP) 1999 17%Property (BPY) 3 1991 16%1) Reflects performance from initial investment date to June 30, 20132) Reflects the internal rate of return before fund expenses, management fees and carried interests for private funds and the compound annual growth rate for flagship listed fundsPrior performance is not indicative of future results and there can be no assurance that we will achieve comparable results or be able to avoid losses3) Reflects performance of underlying assets7| Brookfield Asset Management Inc.

Leading to significant growth in feesTarget fee base increased 36% to $932 million over the prior year• Contractual annualized base management fees and incentivedistributions increased 34% to $557 million• Target carried interest now stands at $375 million on anannualized basisAccumulated performance income increased 40%, totaling $765 million9| Brookfield Asset Management Inc.

Growth Opportunities

We are well positioned for growthGlobal footprintMomentum in private fundraisingStrong investment performanceAttractive investment opportunitiesAmple liquidity11| Brookfield Asset Management Inc.

A global footprint• Ability to allocate capital to the business or location which offers bestrisk/reward• Indirect access to “emerging” growth markets• Never “forced” to invest where capital is plenty• Access to a larger pool of international investors• Ability to meet the needs of our international clients• Cash flow diversification12| Brookfield Asset Management Inc.

Momentum in Private Fundraising5 funds in marketing with target of additional third party capital of $2 billionRecently closed a number of funds above expected final close targets13| Brookfield Asset Management Inc.

Attractive Investment OpportunitiesAcquisitions• Europe• Emerging markets• Commodity related14| Brookfield Asset Management Inc.

Attractive Investment OpportunitiesOrganic Growth• Existing assets positioned to benefit from economic growth• Real return = increasing cash flows• Several businesses highly correlated to U.S. housing recovery15| Brookfield Asset Management Inc.

Attractive Investment OpportunitiesDevelopments• Property: significant development pipeline of 28.8 million sq.ft.• Renewable Power: 1,800 MW of early stage hydro and winddevelopmentsInfrastructure: ~$5 billion of potential organic growth projectsunder consideration16| Brookfield Asset Management Inc.

And, we have ample liquidity for growth• Harvesting investments has bolstered cash resources and lockedin favourable returns for investors• We have over $15 billion of investable resources, including– $10 billion of “dry powder”; and– $5 billion of core group liquidity• Our use of both listed entities and private funds provides stableand diverse access to attractive equity capitalLastly, our ownership structure provides us the ability to monetize ourcapital held in our listed issuers, which may be recycled to fund futuregrowth, without impacting our operations17| Brookfield Asset Management Inc.

Bottom Line: Why Brookfield?

Why Brookfield?• Rapidly growing asset management franchise– Strong fundraising momentum– Substantial increase in contractual fees on managed capital• Interests aligned with clients and investors• World class operating platforms with global footprint• Long life real assets with growing cash flows• Attractive investment opportunities19| Brookfield Asset Management Inc.

Global Alternative Manager of Real Assets | Property, Power, Infrastructure, Private EquityScotia Financials Summit | September 5, 2013