#1Brookfield Infrastructure Fund IV FEBRUARY 2019 100 Brookfield Please see Notice to Recipients on last two pages Confidential - For Institutional and Qualified Investor Use Only#2Brookfield Infrastructure Fund IV Brookfield Plymouth County Retirement Association Finalist Presentation Brookfield Asset Management Inc. ("BAM" or "Brookfield Asset Management", together with its affiliates, "Brookfield" or the "Firm") is pleased to present to Plymouth County Retirement Association, at its request, with the following information pertaining to Brookfield Infrastructure Fund IV ("BIF IV" or the "Fund”). The following information/response contains references to certain key terms and practices of the Fund and is necessarily general in nature. No agreement is being made hereby as to the terms and scope of your investment in any particular investment vehicle sponsored by Brookfield or its affiliates, the terms of which will be determined through a negotiation with you or your representative(s) and any other limited partners. Any information provided herein is qualified in its entirety by the Fund's confidential private placement memorandum (together with any supplements, the "PPM"), partnership agreement (as amended, the "LPA" or "Partnership Agreement") and other governing documents. Please refer to, and review carefully, such materials for additional details and prior to making an investment in the Fund. Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to them in the PPM. February 2019 Please see Notice to Recipients on the last two pages. Confidential - For Institutional and Qualified Investor Use Only. PRIVATE AND CONFIDENTIAL 2#3Executive Summary BIF IV is the continuation of Brookfield's flagship series of private infrastructure funds, utilizing an investment approach consistently executed for nearly 20 years Brookfield Investment Strategy • Seek to acquire high-quality, core infrastructure assets on a value basis Leading Infrastructure Business Established Track Record • • • • • . Leverage operations-oriented approach to enhance sourcing and execution, and add value post- acquisition Pursue investments in markets globally where Brookfield has an established investment presence Focus on sectors where Brookfield possesses extensive operating expertise—including transportation, renewable power, utilities, energy and data infrastructure One of the largest global infrastructure investors and operators, with $108 billion of infrastructure AUM1 Over 200 professionals and 31,000 operating employees on five continents² Senior management team averages 20 years of industry experience and 13 years with Brookfield Invested nearly $41 billion of equity capital in more than 100 infrastructure transactions since 20003 Please refer to endnotes on page 11. PRIVATE AND CONFIDENTIAL 3#4Brookfield's Investment Businesses Brookfield invests in sectors where it believes that its in-depth operating experience gives it a competitive advantage Infrastructure Real Estate Private Equity $108 billion $171 billion $44 billion AUM1 AUM1 AUM1 Transportation, Renewable Power, Utilities, Energy, Data, Sustainable Resources Please refer to endnotes on page 11. Office, Retail, Multifamily, Logistics, Hospitality and Other PRIVATE AND CONFIDENTIAL Business Services, Industrial Operations and Residential Development Brookfield 4#5Brookfield Is a Leading Infrastructure Manager Brookfield Brookfield's infrastructure group owns and operates high-quality, long-life assets that provide essential services to the global economy NORTH AMERICA EUROPE $44B AUM $21B AUM SOUTH AMERICA $30B AUM ASIA PACIFIC $13B AUM Please refer to endnotes on page 11. PRIVATE AND CONFIDENTIAL >200 -31,000 $108B Professionals¹ Operating Managed AUM² Employees¹ Transportation ~3,900 km of toll roads ~10,300 km of rail operations 37 ports 0 . Renewable Power 218 hydroelectric power plants 105 wind farms 544 solar facilities 4 storage facilities Utilities ~6.5 million electricity and gas connections ~2,200 km of electric transmission lines ~1.1 million smart meters installed Energy Over 22,000 km of natural gas pipelines³ 600 bcf of gas storage systems 1.8 million residential customers4 District heating and cooling systems Data ~7,000 multi-purpose communication towers 5,000 km of fiber backbone ~40 data centers³ 5#6Established Investment Strategy1 Brookfield Brookfield's infrastructure group has differentiated itself by consistently adhering to the following principles: Acquire High-Quality Core Assets + Invest On a Value Basis + Enhance Value With Operations- Oriented Approach . • Focus on essential services with inelastic demand Identify strong barriers to entry, due to regulatory and/or contractual frameworks and attractive locations Seek sustainable, long-term, inflation-linked cash flows with high operating margins Tap into proprietary deal flow utilizing Brookfield's proactive outreach program and advantages of scale and operating expertise Capitalize on broad global mandate to invest opportunistically where pockets of value exist Leverage ability to execute large, multifaceted transactions, where there is less competition · • • Focus on acquiring control or co-control of investments Implement active management approach through business plans Originate accretive organic growth projects and add-on acquisitions Seek to execute opportunistic exits in order to maximize value Please refer to endnotes on page 11. PRIVATE AND CONFIDENTIAL 6 CO#7Investing in High-Quality Core Assets Brookfield Brookfield's infrastructure group seeks to acquire core assets that serve as the backbone of the global economy while generating secure and stable cash flows Marquee Businesses1 Acquiring large-scale standalone businesses with high scarcity value providing essential services Western Canadian Midstream Business² Natural gas gathering and processing in Canada Rollup Strategies¹ Leveraging existing operations in key industries to develop portfolios of scale through small or single-asset acquisitions Colombian Renewable Power A leading power generation company in Colombia with 3,000 MW of capacity Renewable Power Portfolios Regional hydroelectric, wind and solar operations benefitting from centralized control and operations Electricity Transmission 4,200 km of electricity transmission lines in Northeast Brazil³ Please refer to endnotes on page 11. French Telecom Infrastructure Largest tower operator in France with 7,000 towers and active rooftop sites PRIVATE AND CONFIDENTIAL District Energy Heating and cooling systems in several major U.S. and Canadian cities 7#8Brookfield Infrastructure Fund IV (BIF IV) BIF IV seeks attractive, risk-adjusted returns by employing Brookfield's infrastructure group's longstanding, successful investment approach KEY FUND HIGHLIGHTS • Seek to acquire high-quality core assets on a value basis Leverage operations-oriented approach to enhance transaction sourcing, execution and add value post- acquisition Please refer to endnotes on page 11. PRIVATE AND CONFIDENTIAL Brookfield ILLUSTRATIVE DEPLOYMENT TARGETS1 20% 20% By Sector 15% 20% 20% 20% 20% ■Transportation ■Renewable Power ■ Utilities ■ Energy 25% ■ Data 40% By Geography ■ North America Europe ■ South America ■ Asia Pacific 8#9BIF IV: Executing on Brookfield's Advantage Brookfield The Fund is expected to benefit from Brookfield's scale and expertise as one of the leading owners and operators of infrastructure assets globally A Leading Infrastructure Asset Manager > Established Investment > Strategy Operational Excellence . Experienced Leadership • • • One of the largest infrastructure owners globally, with a diverse, broad-based presence on five continents 115-year history of investing in, owning and operating real assets, including infrastructure Track record of profitably investing and divesting significant capital in various market conditions and phases of the business cycle¹ Demonstrated ability to generate proprietary deal flow, with approximately two-thirds of the investments in the predecessor funds BIF I-III secured through bilateral discussions² Well-established structuring capability to execute multifaceted transactions—such as recapitalizations and financial restructurings—in order to acquire assets on a value basis Conservative financing strategy generally targeting investment-grade credit metrics at the asset level, with long-term maturities, few restrictive covenants and no recourse to the Fund Business groups with scale in the transportation, renewable power, utilities, energy and data infrastructure sectors Operational expertise that Brookfield believes enhances deal sourcing, formulation of investment theses, due diligence and asset management Extensive development and construction capability that is expected to drive additional value creation Investment Committee members average over 29 years of investment experience and have worked together for an average of 20 years Brookfield's infrastructure group is supported by more than 200 professionals globally³ Please refer to endnotes on page 11. PRIVATE AND CONFIDENTIAL 6#10Demonstrated Ability to Invest Throughout Market Cycles Brookfield has deployed nearly $41 billion of equity capital in more than 100 transactions since 20001 Brookfield $2.0B 8 acquisitions $450M $1.2B 2 acquisitions 3 acquisitions $2.6B 9 acquisitions $2.6B 11 acquisitions $5.1B 7 acquisitions $7.7B 6 acquisitions 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 $350M 7 acquisitions $2.4B 5 acquisitions $700M 5 acquisitions $1.6B 7 acquisitions $5.3B $7.4B 15 acquisitions 7 acquisitions Please refer to endnotes on page 11. PRIVATE AND CONFIDENTIAL 10#11Endnotes Brookfield Page 3 1) 2) 3) "AUM" is calculated as total assets presented on a fair value basis, and at 100%, for investments that Brookfield consolidates for accounting purposes or actively manages, including investments of which Brookfield or a controlled investment vehicle is the largest shareholder or the primary operator or manager. For all other investments, AUM is presented at Brookfield's or its controlled investment vehicles', as applicable, proportionate share of the investment's total assets on a fair value basis. In addition, AUM includes pro-forma amounts to reflect infrastructure transactions that closed subsequent to September 30, 2018 and transactions that have been signed but not yet closed totaling in aggregate approximately $12 billion (ie. a North American Residential Infrastructure business, a Western Canadian Midstream business, a U.S. Data Center business, a Brazilian Data Center Business, an Indian Toll Road asset, an Indian Gas Pipeline and a U.S. portfolio of site-control assets in telecom and renewable power). Infrastructure AUM includes that of Brookfield and its publicly traded affiliates, Brookfield Infrastructure Partners L.P. ("BIP") and Brookfield Renewable Partners L.P. ("BEP"), as well as sustainable resources investments managed by Brookfield's infrastructure group. Infrastructure AUM excludes public securities managed by Brookfield Investment Management Inc. ("Brookfield's Public Securities Group" or "PSG"). PSG is a separate and walled-off business unit of Brookfield that focuses on investments in the public securities markets through institutional portfolios, mutual funds and structured products. Headcount figures are as of December 31, 2017 and include infrastructure business professionals and operating employees of Brookfield, its publicly-traded affiliates, BIP and BEP, and related operating businesses and portfolio companies, and exclude sustainable resources employees. Infrastructure business professionals includes investment professionals, and asset management professionals, and employees in corporate functions including finance, tax, legal and investor relations. Includes equity invested and committed as of November 2018. There can be no assurance that Brookfield will successfully execute on deals which have not yet closed. There can be no guarantee that Brookfield will continue to deploy capital at a similar rate. Page 4 1) "AUM" is calculated as total assets presented on a fair value basis, and at 100%, for investments that Brookfield consolidates for accounting purposes or actively manages, including investments of which Brookfield or a controlled investment vehicle is the largest shareholder or the primary operator or manager. For all other investments, AUM is presented at Brookfield's or its controlled investment vehicles', as applicable, proportionate share of the investment's total assets on a fair value basis. In addition, AUM includes pro-forma amounts to reflect infrastructure transactions that closed subsequent to September 30, 2018 and transactions that have been signed but not yet closed totaling in aggregate approximately $12 billion (ie. a North American Residential Infrastructure business, a Western Canadian Midstream business, a U.S. Data Center business, a Brazilian Data Center Business, an Indian Toll Road asset, an Indian Gas Pipeline and a U.S. portfolio of site-control assets in telecom and renewable power). Infrastructure AUM includes that of Brookfield and its publicly traded affiliates, BIP and BEP, as well as sustainable resources investments managed by Brookfield's infrastructure group. Infrastructure AUM includes that of Brookfield and its publicly traded affiliates, BIP and BEP, as well as sustainable resources investments managed by Brookfield's infrastructure group. AUM figures exclude public securities managed by PSG. Page 5 1) 2) 3) 4) Headcount figures are as of December 31, 2017 and include infrastructure business professionals and operating employees of Brookfield, its publicly-traded affiliates, BIP and BEP, and related operating businesses and portfolio companies, and exclude sustainable resources employees. Infrastructure business professionals includes investment professionals, and asset management professionals, and employees in corporate functions including finance, tax, legal and investor relations. "AUM" is calculated as total assets presented on a fair value basis, and at 100%, for investments that Brookfield consolidates for accounting purposes or actively manages, including investments of which Brookfield or a controlled investment vehicle is the largest shareholder or the primary operator or manager. For all other investments, AUM is presented at Brookfield's or its controlled investment vehicles', as applicable, proportionate share of the investment's total assets on a fair value basis. In addition, AUM includes pro-forma amounts to reflect infrastructure transactions that closed subsequent to September 30, 2018 and transactions that have been signed but not yet closed totaling in aggregate approximately $12 billion (ie. a North American Residential Infrastructure business, a Western Canadian Midstream business, a U.S. Data Center business, a Brazilian Data Center Business, an Indian Toll Road asset, an Indian Gas Pipeline and a U.S. portfolio of site-control assets in telecom and renewable power). Infrastructure AUM includes that of Brookfield and its publicly traded affiliates, BIP and BEP, as well as sustainable resources investments managed by Brookfield's infrastructure group. Infrastructure AUM includes that of Brookfield and its publicly traded affiliates, BIP and BEP, as well as sustainable resources investments managed by Brookfield's infrastructure group. AUM figures exclude public securities managed by PSG. Figures for natural gas pipelines and data centers reflects inclusion of transactions not yet closed as of September 30, 2018, but for which there exists definitive, binding agreements to complete the transactions subject to customary closing conditions. There can be no assurance that Brookfield will successfully execute on these transaction. Figures reflect inclusion of transaction closed subsequent to September 30, 2018. Page 6 1) An investment in infrastructure involves substantial risks and there is no assurance that any such investments will avoid losses. Page 7 1) 2) 3) It should not be assumed that any of the investments discussed were or will be profitable, or that investments made in the future will be profitable or will equal the performance of the investments discussed herein. In addition, there can be no assurance that the Fund will be able to make investments similar to the investments discussed herein (because of economic conditions, the availability of investment opportunities and otherwise). Represents transactions that have not yet closed as at September 30, 2018 but for which there exist definitive, binding agreements to complete the transactions subject to customary closing conditions, or represents future development projects which have not yet commenced construction. There can be no assurance that Brookfield will successfully execute on such deals or fund such developments. Includes 2,600km of electric transmission lines under development. There is no guarantee that this development will be completed. Page 8 1) Based on investment amount. There can be no guarantee that comparable diversifications or asset allocations will be met or that BIF IV will be able to implement its investment strategy or achieve its investment objectives. Page 9 F23 1) 2) 3) Prior performance is not indicative of future results and there can be no guarantee that Brookfield will achieve comparable results or be able to avoid losses.. As calculated based on number of transactions as of September 2018. Headcount figures are as of December 31, 2017 and include infrastructure business professionals and operating employees of Brookfield, its publicly-traded affiliates, BIP and BEP, and related operating businesses and portfolio companies, and exclude sustainable resources employees. Infrastructure business professionals includes investment professionals, and asset management professionals, and employees in corporate functions including finance, tax, legal and investor relations. Page 10 1) Includes equity invested and committed as of November 2018. There can be no assurance that Brookfield will successfully execute on deals which have not yet closed. There can be no guarantee that Brookfield will continue to deploy capital at a similar rate. PRIVATE AND CONFIDENTIAL 11#12Notice to Recipients Brookfield This document is being circulated to a limited number of sophisticated institutional investors on a confidential basis. This document has been prepared to provide recipients with the opportunity to determine their preliminary interest regarding an investment in Brookfield Infrastructure Fund IV ("BIF IV" or "the Fund") and may not be used or reproduced for any other purpose. Brookfield Asset Management Inc. ("BAM" together with its affiliates, "Brookfield") is not making any offer, invitation or recommendation of any kind by communication of this document to the recipient and under no circumstances is it to be construed as a prospectus, product disclosure statement or an advertisement. Any such offer will be made only by means of the Fund's offering materials (collectively, the "Offering Materials") and is subject to the terms and conditions contained therein. Without limiting the generality of the foregoing, this document does not constitute an invitation or inducement of any sort to any person in any jurisdiction in which such an invitation or inducement is not permitted or where BAM is not qualified to make such invitation or inducement. In particular, this document is not intended to constitute, and should not be construed as, marketing of the Fund for any purposes of the Alternative Investment Fund Managers Directive. The information set forth herein is presented for discussion purposes only and does not purport to be complete, and the document does not purport and is not required to contain all of the information required to be included in a prospectus or product disclosure statement. The Offering Materials contain additional information about the investment objectives and terms and conditions of an investment in the Fund, certain tax information and conflicts of interest and risk disclosures that are important to any investment decision regarding the Fund. This document is qualified in its entirety by the Offering Materials, which should be read completely before a prospective investor considers making an investment in the Fund. This document is intended to be communicated only to such persons as BAM is legally able to send it and who are legally able to receive it in their jurisdiction of residence. If you are not such a person, please return it to BAM immediately. This document is confidential and is intended solely for the information of the person to whom it has been delivered. It may not be reproduced, made public or transmitted, in whole or in part, to third parties except as agreed in writing by Brookfield. In addition, if the recipient is subject to section 552(a) of title 5 of the United States Code (commonly known as the "Freedom of Information Act") or any other public disclosure law, rule or regulation of any governmental or non-governmental entity, it is acknowledged that the information contained herein is confidential, proprietary and a trade secret. Certain information contained herein may constitute material non-public information in respect of BAM or any of its publicly traded affiliates and may not be used to trade in securities or other financial interests on the basis of any such information. Brookfield Private Advisors LLC, a wholly owned subsidiary of BAM, is a registered broker dealer with the SEC and a FINRA Member. Certain employees of Brookfield's Private Funds Group may be registered with Brookfield Private Advisors LLC. Brookfield Private Capital (UK) Limited, a wholly owned subsidiary of BAM, is authorised and regulated by the United Kingdom's Financial Conduct Authority (authorisation number 730073). None of Brookfield, its associates, directors, members, shareholders, partners, officers, employees, advisers, agents or affiliates (together, its "Related Persons") makes any express or implied representation, warranty or undertaking with respect to this document. Accordingly, and to the maximum extent permitted by law, none of Brookfield or its Related Persons shall be liable (except in the case of fraud) for any loss (whether direct, indirect or consequential) or damage suffered by any person as a result of relying on any statement in, or omission from, this document. This document has been prepared for institutional and qualified investors only. It has not been filed with FINRA and may not be reproduced, shown, quoted to, or used with members of the public. An investment in the Fund is speculative and involves significant risks, including loss of the entire investment. There can be no guarantees that the Fund's investment objective will be achieved or that the investment will be successful. Interests in the Fund will be illiquid as there will be no secondary market for such interests and none is expected to develop. There will be restrictions on transferring interests in the Fund. The Fund's investments may be leveraged and its investment performance may be volatile. An investment in the Fund is suitable only for sophisticated investors and requires the financial ability and willingness to accept the risks and lack of liquidity that are characteristic of an investment in the Fund described herein. Any references to "committed capital" include all pledged commitments. Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, is subject to change, and will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing or changes occurring after the date hereof. Certain information contained herein constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "anticipate," "target," "project," "estimate," "intend," "continue," or "believe," or the negative thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the Fund may differ materially from those reflected or contemplated in such forward-looking statements. Although Brookfield believes that the anticipated future results, performance or achievements for the Fund expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations in light of the information presently available, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Fund to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Factors that could cause actual results to differ materially from those set forward in the forward-looking statements or information include but are not limited to: general economic conditions, changes in interest and exchange rates, availability of equity and debt financing and risks particular to underlying portfolio company investments. Unless otherwise noted, any photographs appearing in this document are of investments owned or previously owned by funds or other investment vehicles managed by Brookfield. Any such photographs are intended for informational and historical purposes only. No assurance is made that the Fund will invest in similar investments. In considering investment performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results and there can be no assurance that comparable results will be achieved, that an investment will be similar to the historic investments presented herein (because of economic conditions, the availability of investment opportunities or otherwise), that targeted returns, diversification or asset allocations will be met or that an investment strategy or investment objectives will be achieved. Any information regarding prior investment activities and returns contained herein has not been calculated using generally accepted accounting principles and has not been audited or verified by an auditor or any independent party. Unless otherwise indicated, internal rates of return (including targeted rates of return) are presented on a "gross" basis (i.e., they do not reflect management fees (or equivalent fees), carried interest (or incentive allocation), taxes, transaction costs and other expenses to be borne by investors, which in the aggregate are expected to be substantial and which would reduce the actual returns experienced by an investor). Unless otherwise indicated, returns presented on a "net" basis include costs and timing of any subscription facility, carried interest (or incentive allocation), management fees (or equivalent fees) and other fund expenses as applicable to the average investor, but do not reflect any potential tax burdens to an individual investor. Nothing contained herein should be deemed to be a prediction or projection of future performance. This document includes Brookfield's estimates of the projected performance of certain unrealized investments currently held by other Brookfield-managed funds, including any predecessor funds, and investment programs managed by Brookfield. Although this information is forward-looking by its nature and actual results are likely to differ, perhaps materially, from these estimates, Brookfield believes that the estimates have a reasonable basis. PRIVATE AND CONFIDENTIAL 12#13Notice to Recipients (cont'd) Brookfield Any changes to assumptions could have a material impact on projections and actual returns. Actual returns on unrealized investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, legal and contractual restrictions on transfer that may limit liquidity, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions and circumstances on which the valuations used in the prior performance data contained herein are based. Accordingly, the actual realized returns on unrealized investments may differ materially from the returns indicated herein. Brookfield will provide more detailed information on the material factors or assumptions that were applied in making the projections and the material factors that could cause actual results to differ materially from the projections to any investor on request. Certain of the information contained herein is based on or derived from information provided by independent third party sources. While Brookfield believes that such information is accurate as of the date it was produced and that the sources from which such information has been obtained are reliable, Brookfield does not guarantee the accuracy or completeness of such information, and has not independently verified such information or the assumptions on which such information is based. This document is subject to the assumptions (if any) and notes contained herein. The information in this document does not take into account your investment objectives, financial situation or particular needs and nothing contained herein should be construed as legal, business or tax advice. Each prospective investor should consult its own attorney, business adviser and tax advisor as to legal, business, tax and related matters concerning the information contained herein. None of the information contained herein (or in any future communication (written or oral) regarding an investment) is intended to be investment advice with respect to a proposed investment. Brookfield's status as an ERISA fiduciary and the existence and nature of Brookfield's financial interest with respect to the proposed investment is set forth in the Fund's governing documents. Additionally, the information provided herein is being made available only to "independent fiduciaries with financial expertise" (within the meaning of the definition of the term "Fiduciary"; Conflict of Interest Rule - Retirement Investment Advice, 81 Fed. Reg. 20,946 (Apr. 8, 2017)). Any person who does not meet such requirements may not invest in the Fund and should promptly return these materials to Brookfield. Neither this document nor the interests offered hereby have been approved by the United States Securities and Exchange Commission, the United Kingdom's Financial Conduct Authority, the Australian Securities and Investments Commission or by any regulatory or supervisory authority of any state or other jurisdiction, including Canada, nor has any such authority or commission passed on the accuracy or adequacy of this document. The information contained herein is subject to correction, completion, verification and amendment. Any representation to the contrary is a criminal offense. This document is not intended to be made available to any person in Australia who is not a wholesale client (within the meaning of the Corporations Act 2001 (Cth) of Australia) and is provided to you on the basis that you are a person to whom an offer of interests in the Fund would not require disclosure under Part 7.9 of the Corporations Act 2001 (Cth) of Australia because of subsection 1012B(3)(b) (not a retail client). By receiving this document, you represent and warrant to Brookfield that you are not a retail client (within the meaning of the Corporations Act 2001 (Cth) of Australia). If you are a retail client, please do not consider the contents of this document and please return it. Any offer or invitation in Australia to invest in a fund, and any investment in a fund by a person in Australia, is limited to such wholesale clients. This document is not a disclosure document or product disclosure statement (within the meaning of the Corporations Act 2001 (Cth) of Australia). Certain of the information provided herein has been prepared based on Brookfield's internal research and certain information is based on various assumptions made by Brookfield, any of which may prove to be incorrect. Brookfield may have not verified (and disclaims any obligation to verify) the accuracy or completeness of any information included herein based on such assumptions, including information that has been provided by third parties, and you cannot rely on Brookfield as having verified such information. Certain information provided herein reflects Brookfield's perspectives and beliefs, is for illustrative and discussion purposes only, and may vary from actual terms of other products and market practice. As such, you should not place undue reliance on it. Investors should consult with their advisors prior to making an investment in any fund, including a Brookfield-sponsored fund. Unless otherwise noted, all references to "$" or "Dollars" are to U.S. Dollars. All representations are made as of September 30, 2018, unless otherwise expressly indicated, and no duty to update said representations is assumed. For Investors in Germany This document is made available in Germany for information purposes only and is subject to change. A subscription to interests in the Fund is currently not possible for investors from Germany. No subscriptions for the Fund are currently being sought, solicited or accepted from prospective investors in Germany. Subscriptions will only be sought, solicited and accepted after all requirements for the marketing of the interests of the Fund in Germany are met. Any information in this document (including the name and terms of the Fund) is preliminary and subject to change and is replaced by the information in the Fund's final confidential private placement memorandum (as supplemented), limited partnership agreement (as amended) and subscription documentation (together, the "Final Documentation"). The Final Documentation may be made available only after all requirements for marketing of the Fund interests in Germany are met. Subscriptions will only be made and accepted on the basis of the Final Documentation. PRIVATE AND CONFIDENTIAL 13