Brookfield Announces Termination of Swap Agreement with AIG

Brookfield Announces Termination of Swap Agreement with AIG 
TORONTO, ONTARIO -- (Marketwired) -- 08/23/13 -- Brookfield Asset
Management Inc. ("Brookfield") (NYSE:BAM)(TSX:BAM.A)(EURONEXT:BAMA)
announced today that it has reached agreement with American Insurance
Group, Inc. ("AIG") to terminate two related 25-year interest rate
swap agreements executed in 1990 between Brookfield and AIG (the
"Swap Agreement"). As consideration for terminating the Swap
Agreement, Brookfield agreed to pay a single lump sum payment of
US$905 million to AIG. The Swap Agreement, which was accounted for in
Brookfield's financial statements as at June 30, 2013 as an
approximate $1.4 billion liability, was subject to litigation that
had been pending in the United States District Court for the Southern
District of New York and will be dismissed in conjunction with the
consensual termination of the Swap Agreement. 
More detailed information regarding the nature of this matter is
available in Brookfield's 2013 second quarter interim report filed on
EDGAR and SEDAR and also found in the investor section of its website
Brookfield Asset Management Inc. is a global alternative asset
manager with over $175 billion in assets under management. The
company has over a 100-year history of owning and operating assets
with a focus on property, renewable power, infrastructure and private
equity. It has a range of public and private investment products and
services, which leverage its expertise and experience and provide
Brookfield with a competitive advantage in the markets where it
operates. Brookfield is co-listed on the New York and Toronto stock
exchanges under the symbol BAM and BAM.A, respectively, and on NYSE
Euronext under the symbol BAMA. For more information, please visit
our website at 
For more information, please visit our web site at
Brookfield Asset Management Inc.
Andrew Willis
Communications and Media
(416) 369-8236
(416) 363-2856 (FAX) 
Brookfield Asset Management Inc.
Amar Dhotar
Investor Relations
(416) 359-8629
(416) 363-2856 (FAX)
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