Source - Brookfield Asset Management

Important Cautionary NotesA registration statement containing important information relating to the securities described in this presentation has been filed with the UnitedStates Securities and Exchange Commission. This presentation does not provide full disclosure of all material facts relating to the securities.Investors should read the registration statement for disclosure of those facts, especially risk factors relating to the units of Brookfield PropertyPartners L.P. (“BPY”).This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities. BPY units are being distributed as a specialdividend and no securities are being sold and no proceeds will be raised.All operating and other statistical information is presented as if BPY will own 100% of each property in its portfolio, regardless of whether it willown all of the interests in each property.All amounts are in U.S. dollars unless otherwise specified.Unless otherwise indicated, the statistical and financial data in this document is presented as of December 31, 2012.All market data in this report is attributable to the following sources: Cushman & Wakefield, CB Richard Ellis, Jones Lang LaSalle, Richards, Barry,Joyce Partners, Delta Associates, CoStar, Colliers & Avison YoungCautionary Note Concerning Forward-Looking StatementsThis corporate profile contains certain forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, futureplans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Forward-lookingstatements in this presentation include statements regarding the anticipated benefits of the spin-off of BPY, the quality of BPY’s assets, BPY’santicipated financial performance, BPY’s future growth prospects, BPY’s ability to make distributions and the amount of such distributions, theimpact of changes in the IFRS cap rate on the value of BPY's assets or units, BPY's five year plan and the impact that certain developments mighthave on BPY's intrinsic value, the listing and liquidity of BPY’s units and BPY’s access to capital. In some cases, forward-looking statements can beidentified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “should,” “will” and “would”or the negative of those terms or other comparable terminology.42