Investor Presentaiton

Endnotes 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