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Investing - Brookfield Asset Management

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Recent Acquisition – Chilean Toll Roads<br />

• <strong>Brookfield</strong> consortium acquiring majority interests in two toll roads<br />

for $340 million<br />

• Direct result of European outreach program<br />

• Attractive investment – key arteries in Santiago’s urban roadway<br />

– Rapid economic growth in Chile in last 20 years<br />

Autopista Vespucio Norte (“AVN”)<br />

– Metropolitan region represents 48% of total GDP 1<br />

– Cash flow growth from above inflation tariff increases and<br />

excess road capacity<br />

• Targeted to generate levered, after-tax t returns of 12-15%<br />

15%<br />

• Expected to close in fourth quarter, subject to third-party consents<br />

Tunel San Cristobal (“TSC”)<br />

Establishes new toll road platform in a country we know well<br />

1<br />

Instituto Nacional de Estadisticas<br />

119<br />

| <strong>Brookfield</strong> <strong>Asset</strong> <strong>Management</strong> Inc.

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