Brookfield Announces Shareholder Approval of Transaction to Simplify Corporate Structure and Results of 2026 Annual and Special Meeting

Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that the transaction to simplify its corporate structure (the “Transaction”) received shareholder approval at its annual and special meeting of shareholders held on July 16, 2026 (the “Meeting”). Upon completion of the Transaction, Brookfield Corporation Ltd., which will be listed on the TSX and NYSE under the symbol “BN”, will be the new parent entity of the group. Completion of the Transaction is subject to customary conditions and is expected to close by year-end, subject to receipt of all applicable regulatory approvals. In addition, Brookfield announced that all eight nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares (“Class A Shares”) and all eight nominees proposed for election to the board of directors by the holder of Class B Limited Voting Shares (“Class B Shares”) were elected at the Meeting. Detailed results of the vote for the election of directors are set out below. Management received the following proxies from holders of Class A Shares in regard to the election of the eight directors nominated by this shareholder class: Director Nominee Votes For % Votes Withheld % M. Elyse Allan 1,670,838,791 99.33 11,198,848 0.67 Ang Eng Seng 1,680,919,871 99.93 1,117,768 0.07 Janice Fukakusa 1,654,108,195 98.34 27,929,444 1.66 Maureen Kempston Darkes 1,642,627,741 97.66 39,409,898 2.34 Frank J. McKenna 1,528,459,767 90.87 153,577,872 9.13 Hutham S. Olayan 1,666,734,576 99.09 15,303,063 0.91 Satish C. Rai 1,675,269,587 99.60 6,768,052 0.40 Diana L. Taylor 1,594,363,482 94.79 87,674,157 5.21 Management received a proxy from the holder of Class B Shares to vote all 85,120 Class B Shares for each of the eight directors nominated by this shareholder class: Director Nominee Votes For % Howard S. Marks 100.0 Rafael Miranda 100.0 Lord O'Donnell 100.0 Jeffrey M. Blidner 100.0 Jack L. Cockwell 100.0 Bruce Flatt 100.0 Brian D. Lawson 100.0 Samuel J.B. Pollock 100.0 A summary of all votes cast by holders of the Class A Shares and Class B Shares represented at the Meeting is available on EDGAR at www.sec.gov/edgar or SEDAR+ at www.sedarplus.ca . About Brookfield Corporation Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in infrastructure, energy, private equity, and real estate. We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN). For more information, please visit our website at bn.brookfield.com or contact: Communications & Media: Kerrie McHugh Tel: (212) 618-3469 Email: [email protected] Investor Relations: Katie Battaglia Tel: (416) 359-8544 Email: [email protected] Forward-Looking Statements This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (collecti...