Brookfield Asset Management (BAM) EGM 2025 summary

Opening remarks and agenda

• Meeting convened to consider a corporate arrangement to simplify structure and broaden shareholder ownership.

• Chair welcomed participants and outlined the meeting's focus on the arrangement and related voting procedures.

Specific resolutions to be voted on

• Approval of a plan of arrangement for BAM to issue Class A shares to BN in exchange for all common shares held by BN, on a one-for-one basis.

• Consideration of a resolution to increase the number of directors from 12 to 14, which was later withdrawn.

Corporate governance

• Board composition to be reviewed ahead of the next annual meeting, with a focus on increasing U.S.-based directors and enhancing board skills.