CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND  INFORMATION This Annual Report contains “forward-looking information” within the meaning of Canadian provincial securities laws and  “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E  of the U.S. Securities Exchange Act of 1934, as amended, “safe harbour” provisions of the United States Private Securities  Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. Forward-looking statements include  statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the  operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets,  goals, ongoing objectives, strategies and outlook of the Corporation and its subsidiaries, as well as the outlook for North  American and international economies for the current fiscal year and subsequent periods, and include words such as “expects,”  “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “forecasts” or negative versions thereof  and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” Although we believe that our anticipated future results, performance or achievements expressed or implied by the  forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place  undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties  and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of  the Corporation 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 contemplated or implied by forward-looking statements  include, but are not limited to: the impact or unanticipated impact of general economic, political and market factors in the  countries in which we do business; the behaviour of financial markets, including fluctuations in interest and foreign exchange  rates; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets;  strategic actions including dispositions; the ability to complete and effectively integrate acquisitions into existing operations and  the ability to attain expected benefits; changes in accounting policies and methods used to report financial condition (including  uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes;  business competition; operational and reputational risks; technological change; changes in government regulation and legislation  within the countries in which we operate; changes in tax laws, catastrophic events, such as earthquakes and hurricanes; the  possible impact of international conflicts and other developments including terrorist acts; and other risks and factors detailed  from time to time in our documents filed with the securities regulators in Canada and the United States. We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our  forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties  and potential events. Except as required by law, the Corporation undertakes no obligation to publicly update or revise any  forward-looking statements or information, whether written or oral, that may be as a result of new information, future events  or otherwise. 146 BROOKFIELD ASSET MANAGEMENT 