Brookfield Asset Management Inc. Corporate Profile

Current Opportunities – Investment Environment Financial distress resulting in high quality assets being sold under duress into illiquid markets Potential for “once-in-a-lifetime” opportunities Brookfield well positioned to participate– Well capitalized with surplus liquidity– Strong global relationships and reputation as a reliable sponsor and counterparty– Operating platforms assist in due diligence, integration of acquisitions and building value Nevertheless, we exercise caution and patience in ensuring current operations are well protectedgiven continued volatility and uncertainty11| Brookfield Asset Management Inc.Current Opportunities – ExpansionBased on unique ability to create, build and foster new platformsAcquiring Additional Assetsin Core PlatformsLeveraging ExistingOperating PlatformsExpanding intoComplementary PlatformsExpanding into NewGeographic Markets12| Brookfield Asset Management Inc.

Current Opportunities – Asset Management Institutions are seeking:– Low-risk investment strategies to match liabilities in the face of low risk-free interest rates andhigh h market volatility– High quality counterparties with transparent governance and strong alignment of interest Brookfield offers:– High quality assets that:• Produce low volatility cash flows that increase over time• Provide capital protection in difficult markets and long-term value appreciation• Enhance yields relative to government and investment grade fixed income securities– Transparency and strong capitalization as a counterparty– Broad array of investment opportunities– Strong alignment of interests through capital participation13| Brookfield Asset Management Inc.Recently Announced InitiativesRestructuring and recapitalization of Babcock & Brown Infrastructure (BBI) andacquisition of key infrastructure assetsBBI Profile: US$8 billion infrastructure company focused on premier transportation and utility assets in Australia, UK,Europe and U.S.The Transaction: Brookfield-sponsored entities invested ~ US$1.1 billion as part of $1.8 billion recapitalization andacquired:– 40% interest in Prime Infrastructure (the renamed BBI)– 49.9% interest in Dalrymple Bay Coal Terminal in Australia– 100% of PD Ports in the UK Proceeds de-levered Prime to an appropriate level and addressed near term maturitiesBrookfield Benefit: Investment in high quality core infrastructure assets expected to earn attractive long-term returns Significant step forward for Brookfield’s infrastructure platform and enhanced position as a leadinginfrastructure asset manager14| Brookfield Asset Management Inc.

Recently Announced Initiatives cont’d$5B Real Estate Turnaround Consortium International pension funds and sovereign wealth funds Allocations of $300 million to $1 billion Global focus with emphasis on North America, Europe and AustralasiaC$1.5B Debtor-In-Possession Fund Economic Development Canada, CIBC and Sun Life Focus on Canadian companies and U.S. subsidiaries$400M Colombia Infrastructure Fund Colombian institutional investors Focus on Colombian infrastructurere Largest private equity and infrastructure fund in the country$500M Peru Infrastructure Fund Brookfield and Apoyo appointed by Peruvian Government to lead Fund Largest private equity and infrastructure fund in the country withBrookfield contributing up to 20%15| Brookfield Asset Management Inc.Current Operating Platforms

Property Operations One of the largest property investors worldwide Approximately $40 billion (1) of property assets with 125 million (2) sq.ft.Platform AUM Location ProfileCommercialPropertiesOffice $25.4 billion North and South America,Europe and AustralasiaApproximately 95 m sq.ft.Retail $1.8 billion Australia, Brazil and UK Over 20 retail shopping mallsndnsDevelopment aOther OperatioDevelopment $5.9 billion Worldwide Commercial, residential & ruraldevelopment propertiesServices $1.3 billion North America and Australia Property and brokerage servicesResidential $5.3 billion North America and Brazil 130,000 building lots,61 m sq.ft. condo density(1) Indicative value derived for IFRS purposes(2) Includes office, retail and development17| Brookfield Asset Management Inc.Renewable Power Generation One of the largest private owners of hydro generation assets $12 billion* portfolio should benefit from forecasted higher energy prices andcarbon-neutral profilePlatform Geographic ProfileHydroWindDevelopmentPipelineU.S., Canada,BrazilCanadaU.S., Canada,Brazil• Diversified Generation Base: 163 hydro power plantson 63 river systems• Marketing Optionality: key market interconnections• Flexible Production: peaking capabilities with storageover 3,400 GWh• Revenue Stability: approx. 80% of generation undercontract for the next two years• One of Canada’s largest wind farms• 189 MW of installed capacity• 126 turbines spanning 20,000 acres• 20-year power purchase agreement• 50 MW wind farm started construction in Ontario,Canada ($150 million)• First wind project secured in California, U.S.• Significant portfolio of early and advanced stage hydroand wind projects* Indicative value derived for IFRS purposes18| Brookfield Asset Management Inc.

Infrastructure Approximately $12 billion of assets under management Located in North and South America, UK, Europe and Australasia 100-year history of infrastructure investment, ownership and financePlatform AUM ProfileUtilities$5.6 billion• 8,800 km of transmission lines in Canada and Chile• Natural gas pipelines, storage and connections inAustralia, New Zealand, U.S. and UKTransportation$2.5 billion• Premier coal terminal (Australia)• Rail infrastructure operator and service provider(Australia)• Diversified port operations in Europe and ChinaTimberlands $3.6 billion • 2.5 million acres of high quality timberlands in Northand South AmericaSocialInfrastructure$350 million • Development and management of assets in UK andAustralia19| Brookfield Asset Management Inc.Specialty FundsManage approximately $5 billion of assets for institutional and retail investors in theareas of bridge and real estate financing and restructuringPlatformAUMRestructuring:Two restructuring funds invest in companies with attractivetangible assets with significant operating history butexperiencing short-term distress. Target industries includereal estate, financial, manufacturing, metals and mining$1.9 BillionBridge Lending:Two bridge lending funds finance mid-market companiesin Canada and the U.S. in need of quick access toshort-term financing and/or standby credit facilities$0.6 BillionReal Estate Finance:Two real estate finance funds provide real estate propertyand corporate loans, primarily in the U.S. in risk positionssenior to traditional equity and subordinate to traditional firstmortgages or investment grade debt$2.5 Billion20| Brookfield Asset Management Inc.

Investment Management Business & Advisory ServicesManage $23 billion of assets in fixed income and real estate securitiesPlatformAUMInvestment Management:Fixed Income$18 BillionInvestment Management:Global Real Estate SecuritiesGlobal Infrastructure Securities(Equity Capital)$5 BillionAdvisory Services:Investment Banking,Residential Brokerage,Global Relocation,Property Management Services,Home Valuations, Move Programsn/a21| Brookfield Asset Management Inc.Asset Management

Compelling Private Institutional Fund Platform Diversity of product mix with substantial institutional investor backing– 20 differentiated private equity funds and investment programs– ~$19 billion of institutional capital commitments– Over 60 institutional fund clients• Global thought leaders• Diversity of investor base by type and geography Compelling investment strategies– Wide range of product offerings along the risk-return spectrum– Focus on core competencies of the broader platform Attractive platform for investors– Well capitalized– Leading owner-operator– Strong governance and transparency– Clear alignment of interests through meaningful fund commitments23| Brookfield Asset Management Inc.Diversity of Global Institutional Investors in Private FundsThird-Party Capital by Investor Type (1) Third-Party Capital by Geography (1)Hospitals/Healthcare,Family Office& Other6%Bank/Investment/Financial7%Consultants4%CorporatePension2%Europe6%USA10%South America2%Insurance12%Sovereign20%Public Pension &Superannuation49%Australasia28%Canada54%(1) Based on dollars committed24| Brookfield Asset Management Inc.

Assets Under Management – Private FundsStrong track record of creating value through Core, Value Add andOpportunistic strategiesYearAs at December 31, 2008FormedCore and Value AddU.S. Core Office 2006Canadian Core Office 2005West Coast Timberlands 2005Global Timber Fund 2008Transmission 2006Bridge Loan I 2003Bridge Loan II 2007Real Estate Finance I 2004Real Estate Finance II 2007YearAs at December 31, 2008FormedOpportunity and Private EquityReal Estate Opportunity 2006Real Estate Opportunity II 2007Brazil Retail Property 2006Brazil Timber 2008Special Situations I 2001Special Situations II 2006Brookfield Real Estate Investment Consortium 2009Colombia Infrastructure Fund 2009Debtor‐In‐Possession Fund 2009* Brookfield has other private funds in marketing which cannot yet be disclosed as a result of regulatory restrictions.25| Brookfield Asset Management Inc.Investment HighlightsQ & A

Investment HighlightsDownside ProtectionMarket capitalization supported by high quality assetsGrowth PotentialThrough expansion of operating businesses and assetmanagement activitiesProven Track Record of ValueCreation26% five-year cash return on book equity per shareSubstantial Liquidity>$2.5 billion liquidity plus co-investor commitments fornew opportunitiesManagement AlignmentOfficers and directors own 17% of Class A shares27| Brookfield Asset Management Inc.Cash Flow From OperationsOur principal financial objective is to increase cash flow per share by12% annually over the longer termMajor Disposition Gains (per share):2006 - $1.022007 - $1.322008 - $0.35Cash flow per share annualized growthsince 2001:- Including gains: 21%- Excluding gains: 18%$1.46$2.95$3.11$2.33$0.61$0.70$0.95$1.03200120022003 2004 20052006 2007 200828| Brookfield Asset Management Inc.

Expanding Third-Party Fee IncomeThe increasing contribution from fees enhances our return on capitalTotal Revenue ($ millions)$415$449$246$257$168$99200320042005 20062007 200829| Brookfield Asset Management Inc.Increasing DividendWe direct a portion of our cash flows to dividends$0.47$0.39 21%9%$0.51*$0.1916%$0.229%$0.248%50%$0.2620022003 2004 20052006 2007 2008* Excludes Brookfield Infrastructures’ special dividend of $0.9430| Brookfield Asset Management Inc.

Share BuybacksShareRepurchases*(millions)AveragePrice/ShareTotalPurchases(US$ millions)2009 YTD 1.50 $12.09 $ 182008 14.20 $ 20.17 $ 2872007 4.99 $ 32.62 $ 1632006 0.25 $ 31.89 $ 82005 8.95 $ 18.06 $ 1622004 1.86 $ 10.38 $ 192003 15.45 $ 6.59 $ 102* Share information reflects stock splits31| Brookfield Asset Management Inc.Strong Financial PositionSignificant liquidity Substantial financial liquidity, with additional capital frompartners to fund growthFree cash flow ±$1.5 billion annuallyStrong and flexiblecapitalization $20 billion of permanent equity capitalization Low debt to capitalization – 15% at corporate level and 44%on proportionately consolidated basis with affiliates* Long-term financing and permanent equity matched to longtermassets Strong investment grade ratings* Based on underlying values derived for IFRS purposes as at December 31, 200832| Brookfield Asset Management Inc.

Solid Credit RatingsFlexibility inherent in asset base and continued access to capitalenables us to further enhance liquidity position Investment-grade financing strategy– Finance primarily at asset level and on non-recourse basis– Maintain substantial liquidity– Extend maturity profile by refinancing assets with long-dated debt– Maturities diversified over long periodCredit Ratings DBRS S&P Moody's FitchCommercial paper R-1 (low) A-1 (low) — —Term debt A (low) A- Baa2 BBBPreferred shares Pfd-2 (low) P-2 — —33| Brookfield Asset Management Inc.Platform for GrowthBrookfield is well positioned Permanent equity capitalization Durable, long-term cash flows Strong liquidity Leading operating platforms Significant annual cash flow and capital turnover Institutional relationships Low parent company debt Increasing opportunities to invest34 | Brookfield Asset Management Inc.

Additional InformationStock InformationExchange Listings:Shares Outstanding:Trading Volume (NYSE/TSX):Quarterly Dividend:NYSE/TSX/Euronext – BAM608.0 million (diluted)2.7 million average daily during Q3 2009US$0.13 per shareTop Holders ( > 5 million shares):RBC Asset ManagementMorgan Stanley (1)Third Avenue ManagementTD Financial a Group (2)Bank of Nova ScotiaInvesco Trimark Ltd.Horizon Asset ManagementBarclays Global InvestorsWellington Management Co.Davis Selected AdvisersSource: ThomsonOneMcLean BuddenSelect Equity GroupFirst ManhattanWilliam Blair & Company, LLCPyramis Global Advisors (Fidelity)British Columbia Investment Management Corp.Harris Investment Management, Inc.(1) Includes wholly owned subsidiary Van Kempen Asset Management(2) Includes TD Securities and TD Asset Management36| Brookfield Asset Management Inc.

Common Share PerformanceWe measure performance over the long term. BAM’s 20-year track recordof share price performance exceeds the S&P and TSX indicesCommon Share Price Compound Growth*20-Year 10-Year 5-Year 1-YearBAM 12.5% 22.0% 13.7% (12.9)%S&P 500 8.0% (0.2)% 1.0% (6.9)%S&P TSX 7.9% 7.3% 8.3% 0.5%* As of September 30, 2009, inclusive of dividends37| Brookfield Asset Management Inc.Investment PrinciplesBUSINESS PHILOSOPHY Build the business and all the relationships based on integrity Attract and retain high calibre individuals who will grow with us over the long term Ensure our people think and act like owners in all their decisions Treat our clients’ money like it is our ownINVESTMENT GUIDELINES Invest where we possess competitive advantages Acquire assets on a value basis with a goal of maximizing return on capital Build sustainable cash flows to provide certainty, reduce risk and lower the cost of capital Recognize that superior returns often require contrarian thinkingMEASUREMENT OF OUR CORPORATE SUCCESS Measure success based on total return on capital over the long term Encourage calculated risks, but compare returns with risk Sacrifice short-term profit, if necessary, to achieve long-term capital appreciation Seek profitability rather than growth, because size does not necessarily add value38| Brookfield Asset Management Inc.

Sustainability RecognitionMeritas Jantzi Social Index (www.jantziresearch.com) Mutual Fund focused on socially responsible investing. Brookfield is among the top 25 of 66 firms inthe index.KLD Global Climate 100 Index (GC100) (www.kld.com) KLD Research is an independent research firm based in Boston Massachusetts. GC100 consists of100 companies whose activities demonstrate the greatest potential for mitigating immediate andlong-term causes of climate change.Desjardins Environment Fund (www.desjardins.com) Desjardins is a Canadian financial institution with a dedicated Environment Fund investing incorporations that contribute to maintaining and improving the environment. Brookfield meets theenvironmental standards for eligibility in this fund.39| Brookfield Asset Management Inc.Investor Relations ContactsContact Title E-Mail Address Phone NumberBruce Flatt Chief Executive Officer flatt@brookfield.com (416) 363-9491(212) 417-7000Brian Lawson Chief Financial Officer blawson@brookfield.com (416) 363-9491Sachin ShahKatherine VyseSenior Vice President,FinanceSenior Vice President,Investor Relations andCommunicationssshah@brookfield.com (416) 363-9491kvyse@brookfield.com (416) 369-824640 | Brookfield Asset Management Inc.