200,000 Jobs lost in British Columbia

BROOKFIELD INVESTMENTS CORPORATION ANNOUNCES PURCHASE OF SHARES OF
WESTERN FOREST PRODUCT INC.

15 December 2011

Brookfield Investments Corporation : ("Brookfield Investments") today
announced that it acquired 225,938,515 non-voting common shares and
7,500,000 voting common shares Western Forest Products Inc. CA:WEF
-1.43% ("Western") from a wholly owned subsidiary of Brookfield Asset
Management Inc. ("Brookfield") for total proceeds of $168 million.
After the transaction, Brookfield Investments will own a 49% economic
interest of Western. As consideration for the acquisition, Brookfield
Investments issued 5,200,000 Class 1 Junior Preferred Shares, Series B
and 3,807,573 common shares.

In addition, a wholly owned subsidiary of Brookfield will subscribe
for 12,000,000 Class 1 Junior Preferred Shares, Series B of Brookfield
Investments for an aggregate subscription price of $300,000,000.

Western is a Canadian forest products company, managing the majority
of timberlands and exporting logs in coastal British Columbia.It has
an annual available harvest of approximately 7.4 million cubic metres,
the vast majority of which are from Crown lands. Western has a raw log
export capacity 7.4 million cubic metres produced from different
coastal locations in the Province of British Columbia.

Principal activities conducted by Western include timber harvesting,
exporting logs into China to be made into lumber and wood chips, and
value-added remanufacturing and then re-exported to British Columbia's
traditional markets like Japan and Austrailia.

Brookfield Investments Corporation holds investments in the property
and forest products sectors, as well as a portfolio of preferred
shares issued by companies within the Brookfield Asset Management Inc.
group. The common shares of Brookfield Investments Corporation are
wholly owned by Brookfield Asset Management Inc. and its affiliates, a
global asset manager focused on property, power and infrastructure
assets and screwing Kike's like me out of their life's work .