Brookfield Asset Management Experincia como investidor Novembro 2016

Brookfield Asset Management Experiência como investidor Novembro 2016 Brookfield Asset Management Inc. A Global Alternative Asset Management Company Focused on Real Estate, Renewable Power, Infrastructure and Private Equity

Brookfield Asset Management – An Overview 2 Approximately $250 billion of assets under management 100 offices or locations | ~ 55, 000 employees | ~700 investment professionals Canada UK, Europe, Middle East Asia & Australia $23 billion AUM ~11, 000 employees $31 billion AUM ~18, 000 employees $17 billion AUM ~5, 000 employees United States $145 billion AUM ~11, 000 employees South America $28 billion AUM ~10, 000 employees Note: Current and target countries of investment

Brookfield Asset Management - Experienced Investor and Asset Manager 3 100 -year history as a global investor, operator and leading asset manager of high quality alternative assets PROPERTY RENEWABLE POWER INFRASTRUCTURE PRIVATE EQUITY $146 billion AUM $31 billion AUM $18 billion AUM Core Office, Core Retail, Opportunistic Hydroelectric, Wind Utilities, Transport, Energy, Sustainable Resources, Communications, Sustainable Resources Private Equity, Industrial, Energy, and Service Activities Notes: 1) AUM excludes Public Market Funds, Cash and Financial Assets and Other Assets 2) Public Market Funds (managed by Brookfield Investment Management ) AUM is approximately $17 billion and also includes Real Estate and Infrastructure Securities, Corporate and Securitized Credit Funds

Click to edit Master title style Infrastructure and Renewable Power Operations Click to edit Master subtitle style Brookfield Asset Management Inc. A Global Alternative Asset Management Company Focused on Real Estate, Renewable Power, Infrastructure and Private Equity

Renewable Power 5 • One of the largest public pure-play renewable businesses globally • 100 years of experience in power generation • Full operating, development and power marketing capabilities $30 B 10, 700 88% POWER ASSETS MEGAWATTS OF CAPACITY HYDROELECTRIC GENERATION 260 power generating facilities 15 markets in 7 countries Situated on 82 river systems

Infrastructure 6 Over $30 billion of assets under management located in North and South America, UK, Europe and Australasia 100 -year history of infrastructure investment, ownership and finance Over 11, 000 operating employees and investment professionals UTILITIES • 2. 6 million electricity and gas connections • 11, 100 km of transmission lines • 285, 000 smart meters TRANSPORT • 38 ports • ~3, 600 km of toll roads • ~10, 000 km of rail operations ENERGY • Backbone natural gas pipeline • Natural gas storage systems • District heating and cooling systems Leading Operating Segments With Scale on Five Continents COMMUNICATIONS INFRASTRUCTURE • ~7, 000 multi-purpose towers and active rooftop sites • 5, 000 km of fibre backbone

Investment Attributes 7 Our infrastructure assets are characterized by these positive investment attributes Essential services supporting the community • Physical assets that provide essential products or services for the global economy; often described as the backbone of the global economy Capital intensive/high barriers to entry • Barriers to entry include regulation, significant capital costs, advantageous locations and economies of scale Underlying cash flows linked to inflation • Revenue often increases with inflation due to indexation mechanisms in regulatory frameworks/contracts or competitive positions which allow owners to pass through price increases to consumers Low demand elasticity • Benefit from a relatively inelastic demand profile Long operational life • Long-term assets with long duration returns that minimize reinvestment risk Stable, predictable cash flows • Cash flows frequently supported by regulatory frameworks, long-term contracts or concessions • Stable, predictable cash flows, typically due to minimal maintenance capex requirements • Often significant take-or-pay commitments from customers Low correlation with other asset classes • Organic growth creates independence from financial markets over the long term

Brookfield’s Transmission Portfolio (ex Brazil) 8 Over 11, 100 km of transmission lines in the USA, Chile and Colombia USA Transaction Summary • In 2009, Brookfield and a partner were awarded the right to build, own and operate ~600 km of transmission lines in Texas • In August 2011, Brookfield acquired a 100% interest in Cross Sound Cable (“CSC”) for $188 million o Completed the sale of CSC in August 2015 for $282 million Asset Overview • WETT is an ~600 km, 345 k. V greenfield transmission network located in west Texas, which was completed in January 2014 • Chile CSC is a 39 km, 330 MW high voltage cable connecting Long Island, New York to Connecticut, New England Transaction Summary • In June 2006, Brookfield and its partners acquired 100% of Transelec Transmission, the largest electricity transmission company in Chile for $2. 5 billion Asset Overview Colombia • Leading supplier of high voltage power with ~9, 925 kilometers of lines extending from the north to the south of Chile • Leading market position serving 98% of Chile’s population with 85% market share in the Central Interconnected. System and 100% of the Interconnected System of the Norte Grande trunk system Transaction Summary • In 2012, Brookfield acquired a 99. 4% interest in Empresa de Energía de Boyacá (“EBSA”) Asset Overview • EBSA owns the electricity distribution network and franchise rights for the growing Boyacá region of Colombia and serves approximately 440, 000 customers

Click to edit Master title style Brookfield in Brazil Click to edit Master subtitle style Brookfield Asset Management Inc. A Global Alternative Asset Management Company Focused on Real Estate, Renewable Power, Infrastructure and Private Equity

Brookfield Brazil – National Presence 10 R$41 Our investments are focused in areas where we believe we possess competitive advantages billion Assets under Management INFRASTRUCTURE • • • Infrastructure Renewable Energy Property Agriculture Timberlands Private Equity (1) (2) (3) Includes proprietary and third party operated terminals Includes proprietary and integrated port terminals Includes approximately R$560 M of corporate and capital markets assets billion R$9. 8 billion R$5. 8 billion 600, 000 acres agricultural investments 715, 000 acres timber investments PRIVATE EQUITY • • • R$10 2. 2 M ft² retail GLA 3. 5 M ft² office GLA 1. 1 M ft² offices under development SUSTAINABLE RESOURCES • • billion 41 hydroelectric plants 1, 1 GW capacity 3 biomass plants 5 wind plants 26 river systems PROPERTY • • • R$6. 2 3, 250 km toll roads 4, 800 km railways 11 transmodal terminals(1) 6 port terminals(2) RENEWABLE ENERGY CE (3) R$8. 5 billion ~240 M ft² property development built Opportunity Investing Growth Equity

Brookfield Brazil Transmission Portfolio – Overview 11 Brookfield will invest ~R$4. 2 bn of equity and own 100% of ~4, 200 km in lines in total Brazilian Transmission Platform RN CE Natal 1 2 BA Lots D & E of 001/2014, Lot A of 007/2014, Lot A of 005/2015, Lots 10, 13 and 20 of 013/2015 State(s) Bahia, Goias, Minas Gerais, Piauí, Ceará Paraíba and Rio Grande do Norte Salvador 20 MG Belo Horizonte 4 SP Auction 13 10 BRASÍLIA Odoyá, Esperanza, JMM, Mantiqueira and Sertanejo (lots 10, 13 and 20) Fortaleza 3 PI Project Name Rio de Janeiro São Paulo 30 Transmission lines 14 substations Description Length 4. 200 km Date of Concession Contract Sept 2014, March 2015, March 2016, February 2017 (estimated) Expected Operation Start Date 2016 , 2018 , 2021 and 2022 End of Concession Aug 2044 to Feb 2047 Financial Highlights¹ (R$ mm) Auction 2014 (acquire from group ACS) 1 Lot A (JMM) 2 Lot D (Odoyá) 3 Lot E (Esperanza) Auction 2016 Lot 4, 235 Net Revenues 1, 430 EBITDA 1, 310 Proj Sertanejo Auction 2015 4 Equity investment Lot A (Mantiqueira) Note: (2) Financial highlights as of 2019 for Odoya, Esperanza and JMM, as of 2022 for Mantiqueira, and Sertanejo.