Brookfield Asset Management Names A Client Relations Manager For Private Funds Group.

Brookfield Asset Management Inc. named Chris Harris client relations manager for the private funds group. He will assume responsibility for Toronto, Ontario-based company’s relationships with investors in the western U.S. Harris will be based in San Francisco. He previously served as director of Macquarie Capital’s private placement team.

PRESS RELEASE

Brookfield Asset Management Inc. (TSX: BAM.A)(NYSE: BAM)(EURONEXT: BAMA) is pleased to announce that Chris Harris has joined the firm as Client Relations Manager for the Private Funds Group.

Mr. Harris will be responsible for Brookfield’s relationships with investors in the western United States. Prior to his appointment, Mr. Harris served a director in the private placement team at Macquarie Capital for three years, working on development of new funds and overseeing client investments in real estate, private equity and infrastructure. Before that, he spent two years as director of institutional marketing at Citi Property Investors.

“We are delighted to welcome Chris as a senior member of our global relationship team,” said Leo van den Thillart, Managing Partner in Brookfield’s Private Funds Group. “His deep understanding of essential assets such as infrastructure and real estate, his experience as a fund trustee and his strong ties to institutional investors in the U.S. market will help Brookfield expand our best-in-class portfolio of private funds.”

Mr. Harris will be based in San Francisco and will join Brookfield on August 30, 2010.

About Brookfield Asset Management

Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has over US$100 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on NYSE Euronext under the symbol BAMA. For more information, please visit the Company’s website at www.brookfield.com.