Toronto, Ontario, April 27, 2010 – Brookfield Asset Management Inc. (NYSE: BAM; TSX: BAM.A; EURONEXT: BAMA) is pleased to announce that Richard Liao joined its Brookfield Europe operations on April 13th 2010 as Managing Partner, Real Estate Investments, Europe. In his new role, Mr. Liao will lead efforts to expand Brookfield's property portfolio in the region.

Prior to his appointment at Brookfield, Mr. Liao served as Managing Director, Real Estate Investment Banking for Bank of America Merrill Lynch, London, a position he held since 2005 and was employed for the preceding three years at Citigroup in London as a Managing Director of Real Estate Investment Banking. Before moving to London, Mr. Liao worked for seven years in New York and 11 years in Hong Kong in real estate investment banking and as an entrepreneur.

Mr. Liao is based in Brookfield Europe’s office in London, UK. Brookfield currently has a £1.3 billion portfolio of property assets under management in Europe, which includes 28 properties totalling 20 million square feet. Brookfield Europe also designs, constructs, manages and finances large scale real estate and social infrastructure projects.

James Tuckey, Chairman, Brookfield Europe said: “We are delighted to welcome Richard Liao to Brookfield. His extensive experience in international real estate markets will assist in achieving our growth objectives, identifying and implementing acquisition opportunities in the UK and European markets.”

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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.