Brookfield Europe Completes Refinancing of Eden, High Wycombe

LONDON, United Kingdom, March 12, 2009 – Brookfield Europe today announced that it has completed a Pounds Sterling 128 million refinancing of the retail property at Eden, High Wycombe, near London, in which it has a 50% interest. Helaba, Deutsche Postbank AG and Nationwide Building Society have participated in the five-year debt facility maturing in 2014. The 77,000-square-metre (825,000 sq. ft.) shopping centre, which opened in the spring of 2008, includes two anchor stores, 120 retail and restaurant units, cinema, bowl as well as 48 residential units and a car park.

Brookfield Asset Management Inc. (TSX:BAM)(NYSE:BAM)(AEX:BAMA) is a global asset manager focused on property, power and other infrastructure assets with approximately US$80 billion of assets under management. In Europe, Brookfield has real estate and infrastructure operations engaged in Asset and Fund Management, Development, Construction, and Facilities Management.

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For more information, please contact:

Brookfield Europe
Ronan Murphy
Group Treasurer
00 44 207 4088381
Email: Ronan.Murphy@brookfieldeurope.com