Press Release 2005

BNN: TSE, NYSE
Annual & Special Meeting
And 2005 First Quarter Results

Conference Call and Webcast for Investors and Analysts

Webcast of Annual & Special Meeting of Shareholders

Date:

Friday, April 29, 2005

Time:

10:30 a.m. (ETN)

2005 First Quarter Conference Call & Webcast

Date:

Friday, April 29, 2005

Time:

2:30 p.m. (ETN)

You are invited to participate in the live Webcast presentation of Brascan Corporation's Annual & Special Meeting of Shareholders at www.brascancorp.com on Friday, April 29, 2005 at 10:30 a.m. (ETN). This presentation will be archived for future reference.

You are also invited to participate in Brascan's 2005 First Quarter Conference Call & Webcast on Friday, April 29, 2005 at 2:30 p.m. (ETN) to discuss with members of senior management our results and current business initiatives.

These results will be released on April 29th at approximately 7:00 a.m. and will be available following the release 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 1-800-240-5124 toll free in North America, or for overseas calls please dial 507-726-3506 at approximately 1:50 p.m. For those unable to participate in the Conference Call, a taped rebroadcast will also be available until midnight May 31, 2005. To access this rebroadcast, please call 1-800-807-5189.

If you have any questions about the Conference Call, please contact Linda Northwood, Director, Investor Relations at 416-359-8647 or by email at lnorthwood@brascancorp.com.

Brascan Corporation is an asset management company. With a focus on property, power and infrastructure assets, the company has direct investments of $20 billion and a further $7 billion of assets under management. This includes 70 premier office properties and over 120 power generating plants. The company is listed on the New York and Toronto stock exchanges under the symbol BNN. For more information, please visit our web site at www.brascancorp.com.

April 5, 2005

© Copyright 2008. Brookfield Asset Management Inc.