Brookfield Finance I (UK) plc - 4.50% NT PERPETUAL USD 25

Strong Q1 financial momentum + “ramp-up” outlook - Distributable earnings (DE) incl. realizations: $1.6B in Q1 ($6.0B over last 12 months), $0.66/share. - DE before realizations: $1.4B ($5.5B over last 12 months), $0.59/share (+7% YoY vs prior-year quarter). - Management expects the business to strengthen over the year; specifically signals 2026 is an inflection year for monetizations (carried interest realization later in the year).

Asset Management: fundraising and fee base growth are key drivers - Fundraising: $67B YTD, including $21B in Q1; also highlighted a major $40B Just Group-related investment mandate. - Fee-bearing capital: $614B, +12% YoY; driving fee-related earnings of $772M (+11% YoY). - Noted ~$120M DE from a partial monetization of a technology investment; also disclosed exposure to SpaceX (~$1B at pre-IPO mark) as part of a larger $2B total investment. - Opportunity framing: large fundraising pipeline suggests they’re positioned for a record 2026 fundraising year.

Real assets/operating businesses: leasing strength and cash-flow resilience - Operating businesses DE: $360M in Q1 ($1.5B over last 12 months). - Real estate “value” theme: emphasized that capital is returning to high-quality real assets; financing spreads/tightening supply backdrop supports rent and valuation tailwinds. - Leasing metrics (examples): - Office: 2.6M sq ft leased globally; avg net rents ~15% above expiring. Includes US: 227k sq ft at >2x expiring and Canada: 761k sq ft at +30% (e.g., Exchange Tower). - Retail: 1.6M sq ft commenced at +11% vs prior levels. - Super Core same-store NOI growth: +2% in the quarter; >95% occupancy in Super Core + Core Plus.