Brookfield Asset Management Ltd. (BAM) is offering US$550,000,000 aggregate principal amount of 4.832% notes due April 15, 2031 and US$450,000,000 aggregate principal amount of 5.298% notes due January 15, 2036, for a total aggregate principal amount of US$1 billion (approximately C$1.39 billion). The 2036 notes offered hereby will have the same terms as the original 2036 notes, except for the issue date and the issue price, and will trade interchangeably with such notes immediately upon settlement. Upon closing, the aggregate principal amount of the 2036 notes, together with the original 2036 notes, will be US$850,000,000 (approximately C$1.17 billion). The net proceeds from this offering, after deducting the underwriters' fees and estimated expenses of approximately US$1,000,000, will be approximately US$988,104,000 (approximately C$1.36 billion). The net proceeds will be used for general corporate purposes. RBC Capital Markets, SMBC Nikko Securities, Scotia Capital and TD Securities are acting as joint book-running managers, with delivery expected on or about April 17, 2026.

Legal matters with respect to Canadian and United States law will be passed upon for BAM by Torys LLP, and certain legal matters will be passed upon for the underwriters by Skadden, Arps, Slate, Meagher & Flom LLP with respect to United States law and Goodmans LLP with respect to Canadian law. The notes are expected to be rated A- (stable) by S&P Global Ratings and A (stable) by Fitch Ratings.