Press Release 2004

Notice
Webcast and Conference Call for Investors and Analysts

2nd Quarter Conference Call

Date:

Thursday, August 5, 2004

Time:

2:00 p.m. (ETN)

You are invited to participate in Brascan's 2nd Quarter Conference Call on Thursday, August 5, 2004 at 2:00 p.m. (ETN) to discuss our results and current business initiatives with members of senior management.

Brascan will release its 2004 second quarter financial results on August 5th at approximately 8:00 a.m., and will be available on our web site at www.brascancorp.com under “Press Releases”. The Conference Call will also be Webcast live on our web site, where it will be archived for future reference.

To participate in the Conference Call, please dial 416-695-9753 or 1-877-461-2816, toll free in North America, at approximately 1:50 p.m. For those unable to participate in the Conference Call, a tape of the broadcast will also be accessible until midnight September 2, 2004. To access the tape, please call 416-695-6379 or 1-800-758-7977, toll free in North America, and enter the pin code 7547.

If you have any questions about the Conference Call, please contact Katherine Vyse, Senior Vice-President, Investor Relations and Communications at 416-369-8246 or by email at kvyse@brascancorp.com.

Brascan Corporation is an asset management company. With a focus on real estate and power generation, the company has direct investments of $17 billion and a further $7 billion of assets under management. These include interests in 75 premier office properties, and 120 power generating plants with a generating capacity of 2,600 MW. The company is listed on the New York and Toronto stock exchanges under the symbol BNN and BNN.a, respectively.

July 6, 2004

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