BPO Properties Completes Preferred Share Exchange

BPO Properties Completes Preferred Share Exchange 
Not for Distribution to U.S. Newswire Services nor for Dissemination
to the United States 
TORONTO -- (Marketwired) -- 04/30/13 --  BPO Properties Ltd. ("BPO
Properties") today announced that the exchange of its existing
preferred shares for new class AAA preference shares of Brookfield
Office Properties Inc. ("Brookfield Office Properties") has been
completed. 
The class AAA preference shares, series V, W and Y of Brookfield
Office Properties replaced the series G, J and M preferred shares of
BPO Properties and will begin trading on the Toronto Stock Exchange
under the stock symbols "BPO.PR.X," "BPO.PR.W" and "BPO.PR.Y,"
respectively, on or about Thursday, May 2, following the delisting of
the series G, J and M preferred shares of BPO Properties from the TSX
Venture Exchange.  
As BPO Properties no longer has any outstanding public securities, it
will apply to cease to be a reporting issuer under the securities
laws of each province and territory of Canada in which it is
currently a reporting issuer. 
About Brookfield Office Properties
 Brookfield Office Properties
owns, develops and manages premier office properties in the United
States, Canada, the United Kingdom and Australia. Brookfield Office
Properties' portfolio is comprised of interests in 110 properties
totaling 76 million square feet in the downtown cores of New York,
Washington, D.C., Houston, Los Angeles, Denver, Seattle, Toronto,
Calgary, Ottawa, Sydney, Melbourne and Perth, making BPO the global
leader in the ownership and management of office assets. Landmark
properties include Brookfield Places in New York, Toronto and Perth,
Bank of America Plaza in Los Angeles, Bankers Hall in Calgary and
Darling Park in Sydney. Brookfield Office Properties common shares
trade on the NYSE and TSX under the symbol "BPO." For more
information, visit www.brookfieldofficeproperties.com. 
About BPO Properties
 BPO Properties owns, develops and manages
premier commercial office properties in select cities in Canada. BPO
Properties' commercial property portfolio consists of interests in 28
properties totaling 20.7 million square feet, including 4.0 million
square feet of parking. BPO Properties' development portfolio
comprises six development sites totaling 5.5 million square feet.  
Forward-Looking Statements
 This press release contains
forward-looking statements and information within the meaning of
applicable securities legislation. Although Brookfield Office
Properties and BPO Properties believe that the 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 assumptions, known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of Brookfield Office Properties or BPO Properties to
differ materially from anticipated future results, performance or
achievement expressed or implied by such forward-looking statements
and information. Accordingly, Brookfield Office Properties and BPO
Properties cannot give any assurance that its expectations will in
fact occur and cautions that actual results may differ materially
from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those set forth in the
forward-looking statements and information include, but are not
limited to, general economic conditions; local real estate
conditions, including the development of properties in close
proximity to the company's properties; timely leasing of
newly-developed properties and re-leasing of occupied square footage
upon expiration; dependence on tenants' financial condition; the
uncertainties of real estate development and acquisition activity;
the ability to effectively integrate acquisitions; interest rates;
availability of equity and debt financing; the impact of
newly-adopted accounting principles on Brookfield Office Properties'
or BPO Properties' accounting policies and on period-to-period
comparisons of financial results; and other risks and factors
described from time to time in the documents filed by Brookfield
Office Properties and BPO Properties with the securities regulators
in Canada and the United States, including in Brookfield Office
Properties' Renewal Annual Information Form under the heading
"Business of Brookfield Office Properties - Company and Real Estate
Industry Risks," and in its most recent interim management's
discussion and analysis of financial results under the heading "Risks
and Uncertainties," and in BPO Properties' Renewal Annual Information
Form under the heading "Business of BPO Properties - Company and Real
Estate Industry Risks" and in its most recent interim management's
discussion and analysis of financial results under the heading "Risks
and Uncertainties." Brookfield Office Properties and BPO Properties
undertake no obligation to publicly update or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, except as required by law. 
Media Contact: 
Melissa Coley
Vice President, Investor Relations and Communications
(212) 417-7215
melissa.coley@brookfield.com 
Investor Contact: 
Matt Cherry
Director, Investor Relations and Communications
(212) 417-7488
matthew.cherry@brookfield.com