Brookfield Asset Management Announces Results of Annual Meeting of Shareholders

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Brookfield Asset Management (NYSE: BAM, TSX: BAM) held its annual meeting of shareholders on May 5, 2025, in New York with a virtual attendance option. All 12 nominated directors were successfully elected to the board by holders of Class A and Class B Limited Voting Shares. The election results showed strong shareholder support, with most nominees receiving over 98% approval. Notable directors include Bruce Flatt who received 99.01% approval and Angela F. Braly who received the highest approval rate at 99.98%.

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NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) --  Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) today announced that all 12 nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares (“Class A Shares”) and Class B Limited Voting Shares (“Class B Shares”) were elected at the company’s annual meeting of shareholders held on May 5, 2025 in New York, NY, with the option to attend virtually. Detailed results of the vote for the election of directors are set out below.

Management received the following proxies from holders of each of the Class A Shares and Class B Shares in regard to the election of the 12 directors nominated:

Director Nominee	Votes For	%	Votes Withheld	%
Barry Blattman	1,469,065,906	98.06	29,116,643	1.94
Angela F. Braly	1,497,842,984	99.98	339,565	0.02
Marcel R. Coutu	1,493,075,700	99.66	5,106,849	0.34
Scott Cutler	1,497,385,561	99.95	796,988	0.05
Bruce Flatt	1,483,290,876	99.01	14,891,673	0.99
Oliva (Liv) Garfield	1,470,059,798	98.12	28,122,751	1.88
Nili Gilbert	1,492,194,908	99.60	5,987,641	0.40
Keith Johnson	1,497,481,331	99.95	701,218	0.05
Brian W. Kingston	1,468,891,524	98.04	29,291,025	1.96
Cyrus Madon	1,466,656,179	97.90	31,526,370	2.10
Diana Noble	1,492,236,614	99.60	5,945,935	0.40
William Powell	1,469,081,070	98.06	29,101,479	1.94

A summary of all votes cast by holders of the Class A and Class B Shares represented at the company’s annual meeting of shareholders is available on EDGAR at www.sec.gov/edgar or on SEDAR+ at www.sedarplus.ca.

About Brookfield Asset Management

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

For more information, please visit our website at bam.brookfield.com or contact:

Media: Simon Maine Tel: +44 739 890 9278 Email: simon.maine@brookfield.com

Investor Relations: Jason Fooks Tel: (866) 989-0311 Email: jason.fooks@brookfield.com

FAQ

Who are the newly elected board members of Brookfield Asset Management (BAM) in 2025?

The 12 elected directors are Barry Blattman, Angela F. Braly, Marcel R. Coutu, Scott Cutler, Bruce Flatt, Oliva Garfield, Nili Gilbert, Keith Johnson, Brian W. Kingston, Cyrus Madon, Diana Noble, and William Powell.

What was the voting result for Bruce Flatt in BAM's 2025 board election?

Bruce Flatt received 1,483,290,876 votes (99.01% approval) with 14,891,673 votes withheld (0.99%).

Which director received the highest approval rate in Brookfield Asset Management's 2025 board election?

Angela F. Braly received the highest approval rate with 99.98% of votes (1,497,842,984 votes for and only 339,565 votes withheld).

When and where was Brookfield Asset Management's 2025 annual meeting held?

The annual meeting was held on May 5, 2025, in New York, NY, with an option to attend virtually.