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Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid BROOKFIELD, NEWS, May 20, 2021 (GLOBE NEWSWIRE) Brookfield Asset Management Inc. (NYSE: BAM) (TSX: BAM.A) today announced it has received approval from the Toronto Stock Exchange (“TSX”) for the renewal of its normal course issuer bid to purchase up to 132,856,682 Class A Limited Voting Shares (“Class A Shares”), representing 10% of the public float of Brookfield’s outstanding Class A Shares. Purchases under the bid will be made through the facilities of the TSX, the New York Stock Exchange (“NYSE”), and/or alternative trading systems. The period of the normal course issuer bid will extend from May 25, 2021 to May 24, 2022, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any Class A Shares purchased or such other price as may be permitted.

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