Brookfield Office Properties Announces Redemption of Class AAA

Brookfield Office Properties Announces Redemption of Class AAA
Preference Shares, Series F 
Not for Distribution to U.S. Newswire Services nor for Dissemination
to the United States 
TORONTO -- (Marketwire) -- 12/21/12 --  Brookfield Office Properties
Inc. (NYSE: BPO) (TSX: BPO) announced today that it intends to redeem
all 8,000,000 of its outstanding Class AAA Preference Shares, Series
F (TSX: BPO.PR.F), all of which are beneficially held by CDS & Co.,
as nominee of CDS Clearing and Depositary Services Inc., for cash on
January 31, 2013. The redemption price for each such share is C$25.00
plus accrued and unpaid dividends thereon of C$0.1233 (excluding
declared dividends with a record date prior to January 31, 2013),
representing a total redemption price of C$25.1233 per share.  
Notice of Redemption has been sent to CDS & Co. Payment of the
redemption price will be made to all beneficial holders of the Series
F Shares on or after January 31, 2013 through the facilities of CDS &
About Brookfield Office Properties
 Brookfield Office Properties
owns, develops and manages premier office properties in the United
States, Canada, Australia and the United Kingdom. Its portfolio is
comprised of interests in 111 properties totaling 77 million square
feet in the downtown cores of New York, Washington, D.C., Houston,
Los Angeles, Toronto, Calgary, Ottawa, London, Sydney, Melbourne and
Perth, making it the global leader in the ownership and management of
office assets. Landmark properties include the World Financial Center
in Manhattan, Brookfield Place in Toronto, Bank of America Plaza in
Los Angeles, Bankers Hall in Calgary, Darling Park in Sydney and
Brookfield Place in Perth. The company's common shares trade on the
NYSE and TSX under the symbol BPO. For more information, visit 
Forward-Looking Statements
 This press release contains
"forward-looking information" within the meaning of Canadian
provincial securities laws and "forward-looking statements" within
the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, Section 21E of the U.S. Securities Exchange Act of 1934, as
amended, "safe harbor" provisions of the United States Private
Securities Litigation Reform Act of 1995 and in any applicable
Canadian securities regulations. Forward-looking statements include
statements that are predictive in nature, depend upon or refer to
future events or conditions, include statements regarding the
operations, business, financial condition, expected financial
results, performance, prospects, opportunities, priorities, targets,
goals, ongoing objectives, strategies and outlook of the company and
its subsidiaries, as well as the outlook for North American and
international economies for the current fiscal year and subsequent
periods, and include words such as "expects", "anticipates", "plans",
"believes", "estimates", "seeks", "intends", "targets", "projects",
"forecasts" or negative versions thereof and other similar
expressions, or future or conditional verbs such as "may", "will",
"should", "would" and "could". 
Although we believe that our anticipated future results, performance
or achievements expressed or implied by the forward-looking
statements and information are based upon reasonable assumptions and
expectations, the reader should not place undue reliance on
forward-looking statements and information because they involve known
and unknown risks, uncertainties and other factors, many of which are
beyond our control, which may cause the actual results, performance
or achievements of the company to differ materially from anticipated
future results, performance or achievement expressed or implied by
such forward-looking statements and information.  
Factors that could cause actual results to differ materially from
those contemplated or implied by forward-looking statements include,
but are not limited to: risks incidental to the ownership and
operation of real estate properties including local real estate
conditions, the ability to enter into new leases or renew leases on
favorable terms, dependence on tenants' financial condition,
uncertainties of real estate development, acquisition and disposition
activity; the impact or unanticipated impact of general economic,
political and market factors in the countries in which we do
business; the behavior of financial markets, including fluctuations
in interest and foreign exchanges rates; global equity and capital
markets and the availability of equity and debt financing and
refinancing within these markets; the ability to complete and
effectively integrate acquisitions into existing operations and the
ability to attain expected benefits therefrom; changes in accounting
policies and methods used to report financial condition (including
uncertainties associated with critical accounting assumptions and
estimates); the effect of applying future accounting changes;
business competition; operational and reputational risks; changes in
government regulation and legislation within the countries in which
we operate; changes in tax laws, catastrophic events, such as
earthquakes and hurricanes; the possible impact of international
conflicts and other developments including terrorist acts; and other
risks and factors detailed from time to time in our documents filed
with the securities regulators in Canada and the United States. 
We caution that the foregoing list of important factors that may
affect future results is not exhaustive. When relying on our
forward-looking statements, investors and others should carefully
consider the foregoing factors and other uncertainties and potential
events. Except as required by law, the company undertakes no
obligation to publicly update or revise any forward-looking
statements or information, whether written or oral, that may be as a
result of new information, future events or otherwise. 
Melissa Coley 
Vice President, Investor Relations and Communications
(212) 417-7215 
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