Brookfield Asset Management Inc. (TSX: BAM.A)(NYSE: BAM)(EURONEXT: BAMA) is pleased to announce that Jeff Kendrew has joined the firm as Chief Development Officer of its global infrastructure platform. Prior to his appointment, Mr. Kendrew served as Managing Director and Chief Executive Officer of Prime Infrastructure (ASX: PIH), which he oversaw during Brookfield's sponsorship of its recapitalization and restructuring in November 2009.

As of December 31, 2009, Brookfield manages approximately $15 billion of infrastructure assets across multiple sectors, including transportation (ports, rail lines), utilities (electrical and natural gas transmission), and timberlands.

"We are very pleased to welcome Jeff as a senior executive of our infrastructure team," said Sam Pollock, Senior Managing Partner of Brookfield and head of its infrastructure group. "His extensive operating experience in the infrastructure industry, with particular focus on the power sector, is an excellent fit with the significant opportunities that we see as we continue to grow our infrastructure platform."

Mr. Kendrew will be based in Brookfield's offices in Sydney, Australia.

About Brookfield Asset Management

Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has over US$90 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on NYSE Euronext under the symbol BAMA. For more information, please visit the Company's website at www.brookfield.com.

Contacts: Investors Brookfield Asset Management Inc. Katherine Vyse, SVP, Investor Relations and Communication (416) 369-8246 (416) 363-2856 (FAX) This e-mail address is being protected from spambots. You need JavaScript enabled to view it Media Brookfield Asset Management Inc. Denis Couture, SVP, Corporate and International Affairs (416) 956-5189 (416) 363-2856 (FAX) This e-mail address is being protected from spambots. You need JavaScript enabled to view it www.brookfield.com

SOURCE: Brookfield Asset Management Inc.