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Investor Presentaiton

Brookfield Brookfield Oaktree | Business Metrics The two companies together will be one of the leading alternative asset managers with ~$475B of AUM Assets Under Management Fee Bearing Capital Carry Eligible Capital Overall Metrics (as at December 31, 2018) OAK (@ 100%) $120bn BAM (@ 100%) BAM Post-privatization1 $355bn $475bn $98bn $138bn $196bn $53bn $58bn $90bn Asset Manager Earnings 2 $0.5bn $1.3bn $1.6bn Invested capital, net³,4 $1.6bn $28.9bn $29.9bn 1. 2. 3. 4. Post-privatization figures based on BAM's proportionate 60% ownership in OAK on a fully diluted basis, with the exception of AUM which is shown at 100%. OAK asset manager earnings represent the average 2019 fee related earnings analyst forecast, including Opps Xb fund fee revenues, plus the five-year average historical carried interest, net. BAM asset manager earnings represent the sum of 2018 fee related earnings plus realized carried interest, net. Excluding accumulated unrealized carried interest, net. Post-privatization figure excludes the impact of cash consideration used. Source: Oaktree Capital Group, LLC 4Q2018 Investor Presentation; Oaktree Capital Group, LLC 2018 Form 10-K. сл 5
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