<SEC-DOCUMENT>0001171843-22-002079.txt : 20220324
<SEC-HEADER>0001171843-22-002079.hdr.sgml : 20220324
<ACCEPTANCE-DATETIME>20220323191005
ACCESSION NUMBER:		0001171843-22-002079
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220322
FILED AS OF DATE:		20220324
DATE AS OF CHANGE:		20220323

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROOKFIELD ASSET MANAGEMENT INC.
		CENTRAL INDEX KEY:			0001001085
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATORS OF NONRESIDENTIAL BUILDINGS [6512]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15160
		FILM NUMBER:		22764280

	BUSINESS ADDRESS:	
		STREET 1:		BROOKFIELD PLACE, 181 BAY ST, STE 300
		STREET 2:		PO BOX 762
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J2T3
		BUSINESS PHONE:		416-363-9491

	MAIL ADDRESS:	
		STREET 1:		BROOKFIELD PLACE, 181 BAY ST, STE 300
		STREET 2:		PO BOX 762
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J2T3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRASCAN CORP/
		DATE OF NAME CHANGE:	20010321

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EDPERBRASCAN CORP
		DATE OF NAME CHANGE:	19970904

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRASCAN LTD
		DATE OF NAME CHANGE:	19950919
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_032222.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="color: rgb(0, 0, 0); font: 400 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; text-indent: 0px"><FONT STYLE="font-size: 12pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></FONT><BR>
<B>Washington, D.C. 20549</B></P>

<P STYLE="color: rgb(0, 0, 0); font: 400 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-transform: uppercase; text-align: center; text-indent: 0px; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 400 10pt Times New Roman, Times, Serif; color: rgb(0, 0, 0); margin-top: 0pt; text-transform: uppercase; text-align: center; text-indent: 0px; margin-bottom: 0pt"><FONT STYLE="font-size: 12pt"><B>FORM
6-K</B></FONT></P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">Report of
Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">For the
month of  March 2022</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt"><FONT STYLE="font-weight: normal">Commission
File Number:</FONT> 001-15160</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt"><FONT STYLE="font-size: 12pt">BROOKFIELD
ASSET MANAGEMENT INC.</FONT></P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">(Translation of Registrant&#8217;s
Name into English)</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt"><FONT STYLE="text-transform: none"><B>Brookfield Place Suite
300 181 Bay Street, P.O. Box 762 Toronto, Ontario, Canada M5J 2T3</B></FONT></P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">(Address of Principal Executive
Offices)</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt"></P>

<P STYLE="color: rgb(0, 0, 0); font: 400 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<BR>
Form 20-F [&nbsp;&nbsp; ] &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F [&nbsp;X ]</P>

<P STYLE="font: 400 10pt Times New Roman, Times, Serif; color: rgb(0, 0, 0); margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0, 0, 0); font: 400 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</P>

<P STYLE="font: 400 10pt Times New Roman, Times, Serif; color: rgb(0, 0, 0); margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0, 0, 0); font: 400 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px"><B>Note:&nbsp;</B>Regulation
S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report
to security holders.</P>

<P STYLE="font: 400 10pt Times New Roman, Times, Serif; color: rgb(0, 0, 0); margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0, 0, 0); font: 400 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</P>

<P STYLE="font: 400 10pt Times New Roman, Times, Serif; color: rgb(0, 0, 0); margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0, 0, 0); font: 400 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px"><B>Note:&nbsp;</B>Regulation
S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the
registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of
a Form 6-K submission or other Commission filing on EDGAR.&nbsp;</P>



<P STYLE="margin: 0pt 0; color: rgb(0,0,0); font-size: 10pt; text-align: center; text-indent: 0pt"></P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0pt">&#160;</P>

<P STYLE="margin: 0pt 0; color: rgb(0,0,0); font-size: 10pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; text-indent: 0px; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">EXHIBIT INDEX</P>

<P STYLE="margin: 0pt 0; color: rgb(0,0,0); font-size: 10pt; text-align: justify; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font-size: 10pt; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 16%; text-align: left"><B><U>Exhibit Number</U></B></TD>
    <TD STYLE="width: 84%"><B><U>Description</U></B></TD>
    </TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: left"><A HREF="exh_991.htm">99.1</A></TD>
    <TD><A HREF="exh_991.htm">    CODE OF BUSINESS CONDUCT AND ETHICS</A></TD>
    </TR>
</TABLE>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>


<P STYLE="margin: 0pt 0; color: rgb(0,0,0); font-size: 10pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; color: rgb(0,0,0); font-size: 10pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; color: rgb(0,0,0); font-size: 10pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0pt"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0pt"></P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">SIGNATURES</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font-size: 10pt; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD><B>&nbsp;</B></TD>
    <TD COLSPAN="3"><B>BROOKFIELD ASSET MANAGEMENT INC.</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Date: March 22, 2022</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Justin B. Beber</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>Justin B. Beber</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Head of Corporate Strategy and Chief Legal Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: Red"><IMG SRC="logo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt">CODE OF BUSINESS
CONDUCT AND ETHICS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">March 2022</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">SUMMARY OF THE
CODE&#8217;S PRINCIPLES<B><SUP>1</SUP></B></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Protecting the
Company&#8217;s Assets, Resources and Data</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: right"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">We often have sensitive confidential information about Brookfield, other companies, our Clients<SUP>2
</SUP>and investors, and our directors, officers and employees; preserving the integrity of this information is vital to our business
and reputation and is necessary to meet our obligations under data protection laws.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: right"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Electronic communications relating to business activities may not be conducted through electronic
communication systems that have not been specifically approved for business activities, including (among others) personal email accounts,
personal text messaging, non-approved chat forums, and social media.</TD>
</TR></TABLE>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Accuracy of Books
and Records and Public Disclosures</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">We should take care that our books and records
are accurate and that all of our business transactions are properly authorized. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">As a public company, we have duties to our shareholders
and must ensure that our communications and other disclosures to the market are true and accurate.</FONT></TD></TR></TABLE>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Duties to Stakeholders</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>In
asset management, one&#8217;s reputation is everything and we should act responsibly in dealings with our securityholders, customers,
Clients, investors, suppliers, other stakeholders and competitors.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>We
have obligations to our Clients and must manage their capital as though it were our own.</TD></TR></TABLE>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Communications
and Media</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>In
this digital era, be careful in your written communications made over company information systems, such as email, as this is a permanent
record.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>You
must ensure that your online activities, including your use of social media, are appropriate and reflect well on Brookfield.</TD></TR></TABLE>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Conflicts of Interest
and Personal Behavior</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Brookfield is a global brand
and as a representative of the company your personal behavior must be consistent with our values.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As a steward of third-party
capital, be cognizant that you face a heightened risk that your personal interests may conflict with or appear to conflict with the interests
of the company.</FONT></TD></TR></TABLE>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Positive Work Environment</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>We
value diversity and we should all do our part to maintain a respectful work environment where everyone feels safe, included and productive.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Our
success is dependent on establishing a workplace culture free from discrimination, violence, harassment and other negative influences.</TD></TR></TABLE>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">___________________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 8pt"><SUP>1
</SUP>These principles are for summary purposes only. For more detailed information on each of these items consult the Code attached.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 8pt"><SUP>2
</SUP>&#8220;Clients&#8221; include among others, private funds, listed issuers and separate accounts.</FONT></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Compliance with
Laws, Rules, Regulations and Policies</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>We
operate in many jurisdictions and are subject to different laws, rules and regulations; you need to be aware of the laws that apply to
your activities so that you can comply with them; ignorance of the law is no excuse.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>The
company has corporate policies that you must be familiar with, as they govern your trading activities, business practices and other conduct
while at Brookfield.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">FREQUENTLY ASKED
QUESTIONS</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Why do we have
a code?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Code serves as a guide for how you should
conduct yourself as a member of the Brookfield team. Preserving our corporate culture and ensuring compliance with legal, regulatory and
fiduciary duties is vital to the organization and following the Code helps us do that.</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Who must follow
the code?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All directors, officers, employees and temporary
workers of Brookfield Asset Management Inc., its wholly-owned subsidiaries, and certain publicly-traded controlled affiliates who have
not adopted their own Code of Conduct or other policies that are consistent with the provisions of this Code, as further described in
the Introduction section of the Code.</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">What are your responsibilities?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You have two responsibilities. First, you must
follow every aspect of the Code and certify your commitment each year. Second, if you suspect someone may be violating the Code or the
policies referred to herein, you have an obligation to report it. To make a report, follow the section of the Code: &#8220;Reporting Potential
Code Violations.&#8221;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">How will i know
if there is a problem?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Code attempts to deal with the most common
issues that you may encounter, but it cannot address every question that may arise. When you&#8217;re not sure what to do, ask yourself
the following questions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Is it illegal?</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Does it feel like the wrong thing to do?</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Would you feel uncomfortable if others knew about
it?</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Will it have the potential to create a negative
perception of you or the company?</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Do you have a personal interest that has the
potential to conflict with the company&#8217;s interest?</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you answer &#8220;yes&#8221; to any of these
questions your proposed conduct may violate the Code and you should ask for help.</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">How should I ask
for help?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you have questions about the Code, any policies
or guidelines referred to herein, or about the best course of action to take in a particular situation, you should seek guidance from
your supervisor or a member of Brookfield&#8217;s Legal &amp; Regulatory Group (a list of these members and their contact information
is set forth on Schedule A).</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">What if I would
like to make an anonymous report?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You may make an anonymous report by contacting
the company&#8217;s reporting hotline, which is operated by an independent third-party and is available 24 hours a day, 7 days a week.
The Reporting Hotline phone numbers by jurisdiction are set forth on Schedule A. If you choose to make an anonymous report, your anonymity
will be protected to the fullest extent possible as permitted by law. Keep in mind, however, that maintaining your anonymity may limit
the company&#8217;s ability to investigate your concerns.</P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">What are the consequences
for violating the code?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Violations of the Code or the policies and guidelines
incorporated by reference herein, can vary in its consequences. If you&#8217;re an employee, it could result in a reprimand or other disciplinary
action, including the termination of your employment at the company for cause. If you&#8217;re a director, a violation may necessitate
your resignation. Certain violations of the Code also contravene applicable laws and therefore can have severe consequences outside of
Brookfield. Depending on your actions, failing to comply with the Code could lead to civil or criminal prosecution, which could result
in substantial fines, penalties and/or imprisonment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="2" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="font-weight: bold; text-decoration: underline; vertical-align: middle; text-align: left; width: 83%">TABLE OF CONTENTS</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 17%"><U>Page</U></TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">INTRODUCTION</TD>
    <TD STYLE="vertical-align: middle; text-align: right">5</TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">STANDARDS OF BUSINESS CONDUCT</TD>
    <TD STYLE="vertical-align: middle; text-align: right">5</TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Protecting the
    Company&rsquo;s Assets, Resources and Data</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">6</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Accuracy of Books
    and Records and Public Disclosures</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">8</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Duties to Stakeholders</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">9</TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Communications
    and Media</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">9</TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Conflicts of Interest
    and Personal Behavior</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">10</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Positive Work
    Environment</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">12</TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Compliance with
    Laws, Rules, Regulations and Policies</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">14</TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Reporting POTENTIAL
    CODE VIOLATIONS</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">17</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Disciplinary Action
    for Code Violations</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">18</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Statement of Compliance</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">18</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Waivers</FONT></TD>
    <TD STYLE="text-align: right; vertical-align: bottom">19</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: justify"><FONT STYLE="text-transform: uppercase">Amendments</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">19</TD>
    </TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><FONT STYLE="font-variant: normal"><U>SCHEDULE
A</U> &#8211; Contact Information </FONT>&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Introduction</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This Code of Business Conduct and Ethics (&#8220;the
Code&#8221;) applies to all directors, officers, employees and temporary workers<SUP>3</SUP> (collectively, &#8220;you&#8221; or &#8220;employee&#8221;)
of (i) Brookfield Asset Management Inc. and its wholly-owned subsidiaries (&#8220;Brookfield Asset Management&#8221;); (ii) certain publicly-traded
and or controlled affiliates (Brookfield Business Partners LP, Brookfield Infrastructure Partners LP, Brookfield Property Partners LP
and Brookfield Renewable Partners LP, Brookfield Infrastructure Corporation, Brookfield Renewable Corporation, Brookfield Business Corporation)
(&#8220;Listed Entities&#8221;); and (iii) any other controlled affiliate of Brookfield Asset Management (together with the Listed Entities,
the &#8220;Controlled Affiliates,&#8221; and collectively with Brookfield Asset Management, &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221;
&#8220;Brookfield&#8221; or the &#8220;company&#8221;), unless such Controlled Affiliate has adopted its own Code of Conduct and/or other
policies that are consistent with the provisions of this Code.<SUP>4</SUP></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Standards of Business
Conduct</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Brookfield seeks to foster and maintain a reputation
for honesty, openness, trust, integrity and professionalism. The confidence and trust placed in Brookfield by our Clients and investors
is something we value greatly and endeavor to protect. In many respects, our reputation is our most vital business asset. Accordingly,
all our activities should be conducted with honesty and integrity and in compliance with applicable legal and regulatory requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have adopted the Code and related policies
and procedures to preserve our culture and to ensure compliance with legal, regulatory and fiduciary requirements applicable to our activities.
We expect and require that you meet the letter and spirit of the Code (and related policies and procedures). This Code incorporates by
reference the following corporate policies and programs which should be read in conjunction with the Code:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Advisory
Records Retention Policy;<SUP>5</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Anti-Bribery
and Corruption Policy;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Vendor
Management Program;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Anti-Modern
Slavery and Human Trafficking Policy;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Data
Protection Policy and Data Protection Program;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Disclosure
Policy;</TD></TR></TABLE>


<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">___________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 8pt"><SUP>3
</SUP>For purposes of the Code, &#8220;temporary workers&#8221; include non-full-time employees and consultants and contractors etc.
that work on our premises. The business group retaining a temporary worker is responsible for ensuring that the temporary worker certifies
their commitment to comply with the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 8pt"><SUP>4
</SUP>Where a Controlled Affiliate has adopted its own Code of Conduct and/or policies that are consistent with the provisions of this
Code, the Controlled Affiliate&#8217;s directors, officers, employees and temporary workers follow those policies, and, in case of a
conflict, the terms of that Code control. Where a Controlled Affiliate has not adopted their own Code of Conduct and/or other policies
that are consistent with the provisions of this Code, the Controlled Affiliate must review the Code and the policies in the context of
their business to ensure that the Code and such policies are appropriate and address all legal and regulatory requirements and risks
applicable to their business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 8pt"><SUP>5
</SUP>For Access Persons and Investment Access Persons (each as defined in the Personal Trading Policy) only.</FONT></P>
<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Enterprise
Information Security Policy;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Personal
Trading Policy;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Positive
Work Environment Policy;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Signing
Authority and Approval Thresholds Policy;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Travel
and Entertainment Expense Policy;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Regional
Political Contributions Policies; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 20px"></TD><TD STYLE="width: 20px"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Whistleblowing
Policy.</TD></TR></TABLE>
<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Protecting the
Company&#8217;s Assets, Resources and Data</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>The company&#8217;s assets are to be used
for legitimate business purposes only.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The company&#8217;s assets are for business, not
personal use. The company&#8217;s assets span many categories. Assets can be physical, tangible goods, such as office supplies, furniture,
computers or intangible items, such as intellectual property. You have a responsibility to safeguard the company&#8217;s assets from loss,
damage, theft, misuse and waste. If you become aware of loss, damage, theft, misuse or waste of our assets, or have questions about your
proper use of them, you should speak with your supervisor. The company&#8217;s name (including its corporate letterhead and logo), facilities
and relationships are valuable assets and must only be used for authorized company business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you use the company&#8217;s assets for personal
benefit or are otherwise wasteful with the company&#8217;s assets, you may be in breach of your duty to the company. You have a responsibility
not to abuse company resources for reimbursement. Any requests for reimbursement for authorized company expenses must be for legitimate
business expenses. If you are unsure whether a certain expense is legitimate, you should speak with your supervisor or refer to the company&#8217;s
<I>Travel and Entertainment Expense Policy</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Confidential information must be protected
at all times.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We must protect confidential information in our
possession both information about us and information about other companies, and our Clients and investors. Confidential information includes,
but is not limited to, material non-public information, all confidential memos, notes, lists, records and other documents in your possession,
in hard and soft copy. All of these are to be delivered to the company promptly after your employment ceases or at any time upon the company&#8217;s
request, and your obligation to protect this information continues after you leave the company. You must protect hard and soft copies
of confidential information that are removed from the office (<I>e.g.</I>, to be worked with at home or at external meetings).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It is important to use discretion when discussing
company business. This includes respecting information barrier protocols and discussing company business only with those individuals at
the company that have a &#8220;need to know&#8221; the information. Additionally, be careful not to discuss company business in public
places such as elevators, restaurants, and public transportation or when using your phone or email outside of the office. You should also
be careful not to leave confidential information in unattended conference rooms or in public places where others can access it. While
at Brookfield, if you become aware of confidential information about the company or another entity that you know or suspect has been inadvertently
disclosed, seek guidance from a member of the Legal &amp; Regulatory Group before using or acting upon this information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Personal data held by or on behalf of the
company must be used in compliance with data protection laws.</I></B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">The
company collects personal data regarding individuals both inside and outside the organization where we have the lawful basis for doing
so. This is necessary to effectively and efficiently administer and manage the operation of our business. Personal data includes, among
other things, sensitive personal, medical and financial information. We should take all reasonable steps to only hold personal data for
as long as we have a need to retain it.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Collection and use of personal data are subject
to various legal and regulatory requirements. You must take all reasonable steps to ensure that personal data is kept confidential and
accessed only by those individuals at the company that have a need to know this information to carry out their duties. In addition, if
it is necessary to the conduct of business to disclose personal data to a third-party (<I>e.g.</I>, so that a third-party may provide
services to the company or acquire an asset or business of the company) then you must ensure that such transfer complies with applicable
legal and regulatory requirements. This may include ensuring the third-party is subject to a written agreement which contains confidentiality
obligations and, where relevant, other obligations which must be included under the data protection laws of certain jurisdictions in which
we operate or have Clients or investors. In all other cases, you may only disclose personal data pursuant to a legal or regulatory requirement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the ordinary course, the company transfers
personal data between jurisdictions in which the company operates, including outside the European Economic Area (&#8220;EEA&#8221;), United
Kingdom, Brazil, the Dubai International Financial Centre (&#8220;DIFC&#8221;) and Singapore. If you transfer personal data outside the
EEA, United Kingdom, Brazil, the DIFC or Singapore, then you must ensure that it is permissible for you to do so (<I>e.g.</I>, consent
has been given by the individual or an appropriate data transfer agreement has been signed). In addition, you should ensure that the personal
data is protected in a manner that is consistent with how personal data is protected by the company within these jurisdictions, and in
any event in compliance with all applicable data protection laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You are responsible for ensuring that you understand
and comply with our data protection/privacy policies. For more information about compliance with data protection laws, refer to the company&#8217;s
<I>Data Protection Policy</I> and related policies referred to in the <I>Data Protection Program</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Intellectual property belongs to the company.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the course of your employment, you may
be involved in the creation, development or invention of intellectual property such as concepts, methods, processes, inventions, confidential
information and trade secrets, know-how, physical products, ideas, plans, programs, software, applications, code, works of authorship,
trademarks, service marks and designs, alone or jointly with others, including but not limited to the improvement of existing intellectual
property belonging to the company. All such intellectual property and the rights therein shall be owned by the company and your moral
rights to such intellectual property, if any, will be waived. You are responsible for cooperating with the company and providing all necessary
assistance, including the preparation and execution of any necessary documentation such as assignments and applications to register rights
before relevant government authorities on behalf of the company, to ensure that all intellectual property and related rights become or
are recognized as the exclusive property of the company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>The documents of the company must be preserved.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It is critical that you help preserve our business
records, follow the guidelines set forth in any document retention policies and comply with related legal and regulatory requirements.
Investment Access Persons and Access Persons should refer to the company&#8217;s <I>Advisory Records Retention Policy</I> for further
details on the appropriate preservation of advisory records. If you are notified that your documents are relevant to an anticipated or
pending litigation, investigation or audit, you must follow the guidance set forth in the notification you receive from legal counsel
regarding retention of documents.</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Accuracy of Books
and Records and Public Disclosures</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ensure that the books and records
of the company are complete and accurate and that all business transactions are properly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The books and records of the company must reflect
all its transactions in order to permit the preparation of accurate financial statements. Employees must never conceal information from
(i) an external auditor; (ii) an internal auditor; or (iii) an audit committee of the company. In addition, it is unlawful for any person
to fraudulently influence, coerce, manipulate or mislead an external auditor of the company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The company&#8217;s contracts and agreements govern
our business relationships. Because the laws governing contracts and agreements are numerous and complicated we have put in place policies
and procedures to ensure that any contract entered into by the company has the appropriate level of approval. As a result, employees who
enter into contracts or agreements on behalf of the company must have proper authorization to do so and, prior to their execution, these
documents must be reviewed by legal counsel where required by policy or practice. If you are unsure whether you have proper authorization
to enter into a contract on behalf of the company, refer to the company&#8217;s <I>Signing Authority and Approval Thresholds Policy.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ensure that the company provides full,
true and plain public disclosure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All employees who are responsible for the preparation
of the company&#8217;s public disclosures, or who provide information as part of this process, must ensure that public disclosures of
information are made honestly and accurately. Employees must be aware of and report any of the following: (a) fraud or deliberate errors
in the preparation, maintenance, evaluation, review or audit of any financial statement or financial record; (b) deficiencies in, or noncompliance
with, internal accounting controls; (c)&nbsp;misrepresentations or false statements in any public disclosure document, such as annual
and quarterly reports, prospectuses, information/proxy circulars and press releases; or (d) deviations from full, true and plain reporting
of the company&#8217;s financial condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additionally, each person who is in a financial
reporting oversight role, and their Family Members,<SUP>6</SUP> are prohibited from obtaining any tax or other services from the external
auditor, irrespective of whether the company or such person pays for the services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">___________________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><SUP>6
</SUP></FONT><FONT STYLE="font-size: 8pt">For the purposes of this Code, &#8220;Family Members&#8221; are your spouse, partner or other
family members who live in the same dwelling as you.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Duties to Stakeholders</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deal fairly with the company&#8217;s
stakeholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You must deal fairly with the company&#8217;s
security holders, customers, Clients, suppliers, communities in which we operate, other stakeholders and competitors. To preserve our
reputation and relationship with stakeholders, do not engage in any illegal or unethical conduct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Manage Client capital as though it were
your own.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a global asset manager, the company has fiduciary
responsibilities in managing the assets of its Clients. You must be careful to avoid even the appearance of impropriety when dealing with
Clients and prospective Clients, and investors (and prospective investors) in Client accounts, or in performing any related activities.
In this regard, you must avoid engaging in any activity that could result in an actual, potential or perceived conflict of interest and
avoid any action that may be perceived as a breach of trust, unless such activity is resolved in accordance with a framework that was
fully and fairly disclosed to and approved by the relevant stakeholders in accordance with applicable legal and regulatory requirements.
A &#8220;conflict of interest&#8221; for this purpose occurs when the company&#8217;s interest interferes, or even appears to interfere,
with the interests of third party investors in their capacity as clients of the company.</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Communications
and Media</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Use the company&#8217;s various forms of
communication properly and appropriately.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All business matters that involve electronic,
written communication must be conducted by employees on the company&#8217;s email system or through other systems provided and approved
by the company. You must always use our e-mail, Internet, telephones and other forms of communication appropriately and professionally.
Employees must comply with our <I>Enterprise Information Security Policy</I> and all related policies. While we appreciate the need for
limited use of these tools for personal purposes, any such use should not be excessive or detract from your work. As outlined in the summary
of the Code&#8217;s principles, electronic communications relating to business activities may not be conducted through electronic communications
system that have not been specifically approved for business activities, including (among others) personal email accounts, personal text
messaging, non-approved chat forums and social media.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Employees should not email business information
to their personal email accounts or maintain a copy of business information on their personal computers or other non-work electronic devices.
When using company-provided technologies, such as computers, cell phones and voicemail, you should not expect that the information you
send or receive is private. Your activity may be monitored to ensure these resources are used appropriately and are in compliance with
the company&#8217;s policies and laws and regulations; please refer to the <I>Employee Data Protection and Privacy Notice<B><SUP>7</SUP></B>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">___________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><SUP>7
</SUP></FONT><FONT STYLE="font-size: 8pt">The Employee Data Protection and Privacy Notice can be found on the Intranet.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Be cautious in your use of social media.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The company&#8217;s social media policy is that,
unless you are expressly authorized, you are strictly prohibited from commenting, or posting about, or otherwise discussing the company,
its customers and Clients, its (and its Clients&#8217;) investors, its employees, and its securities, investments and other business matters
on all social media forums, including, but not limited to, social networks, chat rooms, wikis, virtual worlds and blogs (collectively,
&#8220;social media&#8221;). You are a representative of Brookfield when engaging in online activities and you must ensure that your behavior
online, including on social media, is appropriate and consistent with our values. For further details on the appropriate use of social
media, you should refer to the company&#8217;s <I>Enterprise Information Security Policy</I><B>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Do not speak on behalf of the company unless
authorized to do so.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a public company, it is important to ensure
our communications to the investing public are: (a)&nbsp;timely; (b) full, true and plain; and (c) consistent and broadly disseminated
in accordance with all applicable legal and regulatory requirements. You may not make public statements on Brookfield Asset Management&#8217;s
behalf unless you have been designated as a &#8220;Spokesperson&#8221; under its <I>Disclosure Policy</I>. Each Controlled Affiliate has
its own policy regarding public disclosures, and if you are a director, officer or employee at one of these entities (or are acting on
their behalf) you should comply with such policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a shareholder, financial analyst, member of
the media or other third-party contacts you to request information, even if the request is informal, do not respond to it unless you are
authorized to do so. In this event, refer the request to your supervisor or forward the request to an individual at the company employed
in investor relations or communications. For further information, you should refer to the <I>Disclosure Policy</I> of Brookfield Asset
Management or a Controlled Affiliate, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Conflicts of Interest
and Personal Behavior</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Exhibit personal behavior that reinforces
a positive image of you and the company.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Your personal behavior, both inside and outside
work, should reinforce a positive image of you, the company and its business activities. It is essential to use good judgment in all your
personal and business dealings. You should refrain from engaging in activities that could hurt the company&#8217;s reputation, or yours,
and that could undermine the relationship of trust between you and the company or the company and its Clients. Employees who have acted
inappropriately may be subject to disciplinary action up to and including termination for cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Remember your duties to Brookfield when
participating in outside personal interests; obtain permission before pursuing business activities outside the scope of your role with
the company</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The company encourages directors and employees
to be active participants in their community. While pursuing personal, political, not-for-profit activities or other like activities,
be mindful that your participation in any outside interest must not prevent you from adequately discharging your duties to Brookfield
and should not conflict with or otherwise be adverse to the company&#8217;s interests. In addition, ensure that when you are involved
in these activities you are not seen to be speaking or acting on behalf of the company without express authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 300.9pt">&nbsp;</P>

<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#8220;Outside Business Activities,&#8221; otherwise
known as &#8220;OBAs&#8221; include any business activities outside the scope of one&#8217;s role with the company, including any activity
as an employee, independent contractor, sole proprietor, officer, director, or partner of another business organization, regardless of
whether compensation is involved. Employees must receive approval from their business unit and a member of the Legal &amp; Regulatory
Group prior to accepting an OBA. Directors of the company must advise the Chair of their Board of Directors prior to taking on any OBAs.
Prior approval is not required to serve on boards of charities or small, private family holding companies that have no relation to the
company. For greater clarity, approval is not needed to serve on the board of a family holding company which is an extension of one&#8217;s
personal business affairs; however, it is needed to serve on the board of a private operating business with significant operations. When
in doubt whether you need to obtain permission, consult with a member of the Legal &amp; Regulatory Group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Avoid situations in which your personal
interests conflict with the interests of the company, its Clients or investors in Client accounts.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A &#8220;conflict of interest&#8221; for this
purpose occurs when a person&#8217;s private interest inclines the person, consciously or unconsciously, or appears to incline the person
to act in a manner which is not in the interests of the company. You may have a conflict of interest if you are involved in any activity
that prevents you from performing your duties to the company properly, or that may create a situation that could affect your ability to
act objectively, effectively and in the best interests of the company, including due to among other things, personal interests or receipt
of benefits from our relationships with companies, business partners, counterparties, investment banks, brokerage firms, service providers,
and other constituencies. Accordingly, you must place the company&#8217;s interest in any business matter ahead of any personal interest.
Remember that the company&#8217;s interest includes the company&#8217;s obligations to its Clients.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You may also have a conflict of interest or the
appearance of a conflict of interest as a result of a &#8220;close personal relationship&#8221; with another employee at Brookfield or
a counterparty with which Brookfield is engaging (e.g., a company employee&#8217;s spouse works at an entity that is being considered
as a service provider). To ensure that these relationships are managed appropriately, and to deal with any possible conflicts of interest
in an appropriate and responsible manner, you are expected to disclose the existence of such relationships to your Human Resources (&#8220;HR&#8221;)
department.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the purposes of the Code, a close personal
relationship includes, but is not limited to, relationships with a parent or parent equivalent (e.g., adoptive parent), close relative
or friend, spouse, fianc&eacute;e, common law, or anyone else with whom you are in, or have been in, a romantic or intimate relationship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The best way to judge whether you may have a conflict
of interest is to ask yourself whether a well-informed person would reasonably conclude that your interest, activity or close personal
relationship could in any way influence your decision or performance in carrying out a duty on behalf of the company. To avoid conflicts
of interest, identify potential conflicts when they arise; contact the Legal &amp; Regulatory Group if you are unsure whether a specific
interest or activity gives rise to a conflict situation or contact HR to disclose any close personal relationship that may give rise to
a conflict. Directors should consult with the Chair of their Board of Directors on conflicts matters. In addition, if you become aware
of any conflict or potential conflict of another director, officer, or employee, you should consult HR, and the Legal &amp; Regulatory
Group or the Chair of your Board of Directors, as appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Do not take corporate opportunities
as your own personal opportunities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You are prohibited from taking personal advantage
of a business or investment opportunity that you become aware of through your work at Brookfield. You owe a duty to the company to advance
its interests when the opportunity arises, and you must not compete with the company in any way. Additionally, your personal trading activities
must comply with the company&#8217;s <I>Personal Trading Policy</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Positive Work Environment</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Be committed to our respectful work
environment free from discrimination,<B><SUP>8</SUP></B> violence<B><SUP>9</SUP></B> and harassment.<B><SUP>10</SUP></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We value diversity and we should all do our part
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to maintain our respectful work environment where everyone feels
safe, included and productive. The company does not tolerate workplace discrimination, violence or harassment. All directors, officers
and employees must work to ensure that the company is a safe and respectful environment where high value is placed on integrity, fairness
and respect. For more information on the company&#8217;s commitment to its positive work environment, refer to the company&#8217;s <I>Positive
Work Environment Policy</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>You have a duty to report discrimination,
violence and harassment.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you experience or become aware of what you
believe to be discrimination, violence or harassment, you are expected to report it in accordance with the &#8220;Reporting Potential
Code Violations&#8221; section of the Code and/or in accordance with the <I>Positive Work Environment Policy</I>. Reports of discrimination,
violence or harassment will be taken seriously and investigated. If you are found to be discriminating against, acting or threatening
to act violently towards, or harassing any individual at Brookfield, or if you knowingly condone the discrimination of, violence towards,
or harassment of another individual, you will face corrective action up to and including termination without notice and for cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We want to create a culture of reporting when
it comes to discrimination, violence and harassment, as reporting is essential for us as a company to stamp out these behaviors. While
we reserve the right to take corrective action if you knowingly make a false accusation about an innocent party, you will not face retaliation
for making a good faith report or assisting in the investigation of a report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Be committed to ensuring the health
and safety of fellow directors, officers and employees.</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We all have the right to work in an environment
that is safe and healthy. In this regard, you must:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">comply strictly with all occupational, health and safety laws and internal procedures;</TD></TR></TABLE>


<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">___________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 8pt"><SUP>8</SUP> &#8220;Discrimination&#8221;
means the differential treatment of an individual or group based on prescribed characteristics protected by law. Prescribed characteristics
generally include age, color, race, religion, sex, gender, marital status, ancestry, sexual orientation, national origin, disability.
It does not matter whether the discrimination is intentional; it is the effect of the behavior that matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 8pt"><SUP>9
</SUP>&#8220;Violence&#8221; means an action (oral, written or physical) which causes, is intended to cause, could reasonably be interpreted
as a threat to cause, or is capable of causing death or bodily injury to oneself or others, or property damage.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 8pt"><SUP>10</SUP> &#8220;Harassment&#8221;
means conduct which is known or ought reasonably to be known to be unwelcome and includes conduct (<I>e.g.</I>, comments and actions)
which would be perceived by a reasonable person as being hostile, humiliating or abusive or cause him/her torment. Harassment covers
a wide range of conduct and includes sexual harassment, bullying and psychological harassment. Harassment may occur in a variety of ways
and may, in some circumstances, be unintentional, but regardless of intent, all harassment negatively affects individual work performance
and our workplace as a whole.</FONT></P>

<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">not engage in illegal or dangerous behavior, including any acts or threats of violence;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">c.</TD><TD STYLE="text-align: justify">not possess, distribute or be under the influence of drugs while on company premises or when conducting
company business; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">d.</TD><TD STYLE="text-align: justify">not possess or use weapons or firearms or any type of combustible material in the company&#8217;s facilities,
or at company-sponsored functions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you or someone you know is in immediate danger
of serious bodily harm, first call local law enforcement authorities and then report the incident in accordance with the &#8220;Reporting
Potential Code Violations&#8221; section of the Code and/or in accordance with the <I>Positive Work Environment Policy</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><I>Human Rights and Modern Slavery</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are committed to conducting business in
an ethical and responsible manner, including by carrying out our activities in a manner that respects and supports the protection of human
rights through:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7pt; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 43pt"></TD><TD STYLE="width: 18pt">a.</TD><TD STYLE="text-align: justify">the elimination of discrimination in employment;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 43pt"></TD><TD STYLE="width: 18pt">b.</TD><TD STYLE="text-align: justify">the prohibition of child and forced labour; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 43pt"></TD><TD STYLE="width: 18pt">c.</TD><TD STYLE="text-align: justify">the eradication of harassment and physical or mental abuse in the workplace.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 61pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We strive to embed these standards into
all of our core business activities, including training, communications, contracts and due diligence processes set out in our ESG Due
Diligence Guidelines and Vendor Management Programs. These practices extend to our interactions with our key suppliers and other business
partners.&nbsp;For more information about our business practices and systems and controls to safeguard against modern slavery and human
trafficking, please refer to the company&#8217;s <I>Anti-Modern Slavery and Human Trafficking Policy</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><I>Environmental, Social and Governance (&#8220;ESG&#8221;)
Management</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B><I></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-weight: normal">Our
ESG principles are embedded throughout our operations and <FONT STYLE="color: #0F3557; background-color: white">are integral to building
resilient </FONT></FONT><FONT STYLE="font-weight: normal; background-color: white">businesses and creating long-term value for our investors
and other stakeholders.</FONT> <FONT STYLE="font-weight: normal">These include:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-style: normal; font-weight: normal">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">Mitigate the impact of our operations on the environment
</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">Strive to minimize the environmental impact of our operations and improve our efficient use of resources
over time.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">Support the goal of net zero greenhouse gas (GHG) emissions by 2050 or sooner.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-style: normal; font-weight: normal">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">Ensure the well-being and safety of employees;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">Foster a positive work environment based on respect for human rights, valuing diversity, and zero tolerance
for workplace discrimination, violence or harassment.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">Operate with leading health and safety practices to support the goal of zero serious safety incidents.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>Uphold
strong governance practices;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">Operate to the highest ethical standards by conducting business activities in accordance with our Code
of Business Conduct and Ethics.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">Maintain strong stakeholder relationships through transparency and active engagement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD>Be
good corporate citizens.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">Ensure the interests, safety and well-being of the communities in which we operate are integrated into
our business decisions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">Support philanthropy and volunteerism by our employees.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; background-color: white">&nbsp;</P>

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investment teams are required to incorporate the
ESG Due Diligence Guideline into the due diligence process for each investment to ensure consideration of material ESG risks and opportunities,
and potential mitigation strategies. Our Vendor Management Program also incorporates ESG considerations where applicable.</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Compliance with
Laws, Rules, Regulations and Policies</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Know and comply with all laws, rules,
regulations and policies applicable to your position.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">Our
business is highly regulated, and the company is committed to compliance with applicable laws, rules, regulations and policies. Each of
us must recognize our personal obligations as individuals, to understand and comply with the laws, rules, regulations and policies that
apply to us in the conduct of our duties, including those that apply specifically to public companies, asset managers and investment advisers,
as well as laws with broader applicability such as prohibitions on insider trading and other forms of market abuse. </FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">Many
of the company&#8217;s activities are governed by laws, rules, regulations and policies that are subject to change. If you have questions
about the applicability or interpretation of certain laws, rules, regulations or policies relevant to your duties at Brookfield, you should
consult with a member of the Legal &amp; Regulatory Group. In the event a local law, custom or practice conflicts with the Code you must
adhere to whichever is most stringent. If you know of any of our practices that may be illegal, you have a duty to report it. Ignorance
of the law is not, in general, a defense to breaking the law. We expect you to make every reasonable effort to become familiar with the
laws, rules, regulations and policies affecting your activities and to comply with them. If you have any doubts as to the applicability
or interpretation of any of the above, you should obtain advice from the company&#8217;s Legal &amp; Regulatory Group. </FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Do not trade in the company&#8217;s
securities and in any other publicly-traded securities if you possess material non-public information.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">While
at Brookfield, you may have access to or become aware of material non-public information,</FONT><B><SUP>11</SUP></B> <FONT STYLE="font-style: normal; font-weight: normal">either
about Brookfield Asset Management, a Controlled Affiliate or a related or unrelated publicly-traded entity. You must not use this information
to gain a financial advantage for yourself or others, either by way of making a trade for yourself, &#8220;tipping&#8221; others on the
information (i.e., disclosing the information to others such as relatives or friends), or otherwise. Doing so is not only a violation
of the Code that will result in immediate termination for cause but is also a serious violation of securities laws and will expose any
individuals involved to potential civil and criminal prosecution. </FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">___________________</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 8pt"><SUP>11
</SUP>Information about an entity is &#8220;material&#8221; if there is a substantial likelihood that a reasonable investor would consider
the information important when deciding to buy, sell or hold that entity&#8217;s securities or if the information would reasonably be
expected to result in a significant change in the market price or value of the securities. Information is &#8220;non-public&#8221; until
it has been generally disclosed to the public and adequate time has passed for the securities markets to digest the information. If you
are not sure whether information is material or non-public, consult with your Legal &amp; Regulatory Compliance Group for guidance.</FONT></P>
<!-- Field: Page; Sequence: 15; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal"></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">Prohibitions
on trading in Brookfield securities may apply when a Brookfield entity is in a quarterly blackout period relating to the release of its
earnings or when it is in a special blackout period. Information on blackout periods can be obtained via the company&#8217;s intranet.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">If
you have questions about securities laws or the company&#8217;s internal trading policies and procedures, contact a member of the company&#8217;s
Legal &amp; Regulatory Group or refer to the </FONT><FONT STYLE="font-weight: normal">Personal Trading Policy<FONT STYLE="font-style: normal">.</FONT></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Depending on your role at the company, you
may have to pre-clear trades or avoid trading altogether.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There are certain categories of employees under
Brookfield&#8217;s <I>Personal Trading Policy</I> &#8211; Investment Access Persons, Access Persons and Insiders. Investment Access Persons
are employees who are actively involved at Brookfield in the investments process or have regular and ongoing access to this process and/or
input thereto. Access Persons are others at Brookfield who are involved in our investment advisory business. Both Investment Access Persons
and Access Persons are designated by Brookfield&#8217;s HR group. A third category includes all employees who are physically situated
in a Brookfield corporate office with investment advisory activities, as designated by the company&#8217;s Legal &amp; Regulatory Group
from time to time, who are not Investment Access Persons or Access Persons. These individuals are known as &#8220;Insiders.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Insiders along with Access Persons must pre-clear
their trades (and those of family members who live in the same dwelling) in both Brookfield and non-Brookfield securities (i.e., all tradeable
securities). All non-employee directors must pre-clear trades in Brookfield securities only.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investment Access Persons must pre-clear their
trades (and those of family members who live in the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">same dwelling) in Brookfield securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investment Access Persons, and their family members
who live in the same dwelling, are generally prohibited from making personal trades in all non-Brookfield securities. Such persons must
delegate their trades in non-Brookfield securities to a blind trust or a third-party financial advisor who has full discretion over investment
decisions. As a general matter, these types of accounts over which you have no discretion should be managed by arm&#8217;s length third-parties
that are not your family members.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For more information about trading preclearance
and trading activities in third-party discretionary accounts, refer to the company&#8217;s <I>Personal Trading Policy</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Do not give or receive bribes, including
&#8220;facilitation payments.&#8221;</I></B></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">We
value our reputation for conducting business with honesty and integrity. It is vital for us to maintain this reputation as it generates
confidence in our business by our stakeholders, which ultimately means it is good for business. We do not pay bribes in furtherance of
our business, either directly or indirectly, and you are not permitted to pay bribes on our behalf or authorize others to pay bribes
on our behalf. This commitment comes from the highest levels of management and you must meet this standard. A bribe is anything of value
that is offered, promised, given or received to improperly influence a decision or to gain an improper or unfair advantage in promoting,
enhancing, obtaining or retaining business. Bribery may not always be in the form of cash payments and may take many other forms, including
gifts, travel, hospitality, political contributions, charitable donations, lobbying payments, sponsorships, employment opportunities,
internships, and secondments. Facilitation payments</FONT><SUP>12</SUP> <FONT STYLE="font-style: normal; font-weight: normal">are also
a form of bribe and are therefore not permitted. For further details, refer to company&#8217;s </FONT><FONT STYLE="font-weight: normal"><I>Anti-Bribery
and Corruption Policy</I>.</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">___________________</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 8pt"><SUP>12
</SUP>Facilitation payments are small payments made to secure or speed up routine actions or otherwise induce public officials or other
third-parties to perform routine functions they are otherwise obligated to perform, such as issuing permits, approving immigration documents
or releasing goods held in customs. This does not include legally required administrative fees or fees to fast-track services.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 16; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Giving or receiving gifts/entertainment
should be reasonable, and in certain cases prohibited.</I></B></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gifts and entertainment given to or received from
persons who have a business relationship with the company are generally acceptable, if the gift or entertainment is modest in value, appropriate
to the business relationship, and does not create an appearance of impropriety. No cash or cash equivalent payments should be given or
received, except in limited circumstances preapproved by the Legal &amp; Regulatory Group. Employees who do not comply with these requirements
may be required to reimburse the company for the value of any gifts or benefits they make or receive on behalf of the company and may
be subject to disciplinary action up to and including termination for cause. For further details, refer to the company&#8217;s <I>Anti-Bribery
and Corruption Policy</I>.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-variant: small-caps; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There may be restrictions on your
political donations to candidates and political parties.</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In certain jurisdictions, political donations
made on behalf of the company are prohibited. Political donations made by individuals on their own behalf should comply with local laws
and regulations. In Canada, political donations made on behalf of the company are prohibited. In the U.S., various federal, state, and
municipal laws and regulations impose specific restrictions and rules with respect to political contributions, both those made on behalf
of the company or made by individuals on their own behalf, which can carry significant penalties for the company for violations. To ensure
that we do not breach the law regarding political donations in any country, all political donations, no matter how small, made on behalf
of the company (directly or indirectly) must be approved in advance by the applicable regional head or the company&#8217;s Legal &amp;
Regulatory Group. The company&#8217;s regional political contributions policies should be consulted and adhered to before making any political
contributions on behalf of the company or by individuals and/or their Family Members on their own behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>We must prevent the use of our operations
for money laundering or any activity that facilitates money laundering, the financing of terrorism, or other criminal activities.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The company is strongly committed to preventing
the use of its operations for money laundering, the financing of terrorism, or other criminal activities, and will take appropriate actions
to comply with applicable anti-money laundering laws. Brookfield has procedures for conducting anti-money laundering due diligence on
investments and divestments. The company maintains programs for ensuring that investors in Brookfield-managed vehicles are adequately
screened and verified and that the company&#8217;s other business activities are in compliance with applicable anti-money laundering laws
and related requirements.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>You should consider your rights and obligations
when providing information to governmental authorities.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Either during or following your employment or
directorship at Brookfield you may be contacted by governmental authorities (<I>e.g.,</I> law enforcement, securities regulators, etc.)
who are seeking confidential information from you which you obtained through your association with Brookfield. Whether you are able to
respond to these questions or not, we strongly recommend that, for your own protection, you do not speak with authorities without first
seeking legal advice on your rights and obligations. In this situation, you may contact the company&#8217;s Legal &amp; Regulatory Group
who can help you retain counsel that can assist you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
<!-- Field: Page; Sequence: 17; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding the foregoing, nothing in the
Code prohibits or restricts you in any way from providing information to a government authority pursuant to applicable whistleblowing
regulations. For further information, refer to the <I>Whistleblowing Policy</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>You have internal reporting obligations
in the event you are convicted of a felony or misdemeanor.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are only as good as our people, and therefore
our reputation as a leading global alternative asset manager depends on the reputation of the individuals who serve the company as a director,
officer or employee. Our screening process at Brookfield is rigorous and includes background checks so that we have the best information
possible about our prospective directors, officers and employees. Once at Brookfield, we expect you to continue to adhere to these principles
of openness, honesty and transparency. If at any time while you are associated with the company you are convicted of a felony or misdemeanor
(or been subject to any similar conviction in any jurisdiction) or are involved in any conduct that you think may be relevant to your
reputation, you have an obligation to report this information to the company&#8217;s Legal &amp; Regulatory Group or your supervisor so
that it may be appropriately documented internally.</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Reporting Potential
Code Violations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>You are expected to make good faith reports.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Internal reporting is critical to the company&#8217;s
success, and it is both expected and valued. You are required to be proactive and promptly report any suspected violations of the Code,
or any illegal or unethical behavior or misconduct that you become aware of or are involved with. When making a report, please include
specific details and back-up documentation where feasible in order to permit adequate investigation of the concern or conduct reported.
Vague, nonspecific or unsupported allegations are inherently more difficult to pursue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Employees are expected to report actual or potential
misconduct or violations of the Code to their supervisor in the first instance, since their supervisor is generally in the best position
to resolve the issue. Alternatively, you may contact the HR Department or the company&#8217;s Legal &amp; Regulatory Group to report any
actual or potential misconduct or Code violations, or if you have any specific or general questions. Directors should promptly report
violations to the Chair of their Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you have questions about securities laws or
the company&#8217;s whistleblowing policy, contact the company&#8217;s Legal &amp; Regulatory Group or refer to the <I>Whistleblowing
Policy</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>In the event you do not want to report violations
to your supervisor, HR, or the company&#8217;s Legal &amp; Regulatory Group, you can always make a report through the company&#8217;s
reporting hotline.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our reporting hotline (the &#8220;Reporting Hotline&#8221;)
is managed by an independent third-party. The Reporting Hotline allows anyone to call <U>anonymously</U> (if they so choose) to report
suspected unethical, illegal or unsafe behavior in English and other languages. The Reporting Hotline is available toll-free, 24&nbsp;hours
a day, 7 days a week. Refer to the &#8220;Contact Information&#8221; section of the Code for the Reporting Hotline phone numbers by jurisdiction.
If you choose to make an anonymous report, your anonymity will be protected to the fullest extent possible as permitted by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<!-- Field: Page; Sequence: 18; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Reports will be kept confidential and will
be dealt with appropriately.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The confidentiality of reported violations will
be maintained to the fullest extent possible, consistent with the need to conduct an adequate review and subject to applicable law. You
may wish to identify yourself to facilitate our investigation of any report; however, you can make an anonymous report by calling the
Reporting Hotline. The party receiving the initial report must record its receipt, document how the situation was dealt with and file
a report with internal audit, which will be retained for the record. The Chief Internal Auditor will report all illegal and unethical
conduct in violation of the Code to the appropriate Brookfield Board of Directors, or a committee thereof as appropriate, and externally
in accordance with applicable laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B><I>Brookfield prohibits retaliation
against anyone who reports suspected violations of the Code or any law or regulation.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No retribution or retaliation will be taken against
any person who has filed a report based on the reasonable good faith belief that a violation of the Code or any law or regulation has
occurred or may in the future occur; however, making a report does not necessarily absolve you (if you are involved) or anyone else of
the breach or suspected breach of the Code. The company reserves the right to discipline you, up to and including termination for cause,
if you provide false information or make an accusation you know to be untrue. This does not mean that the information that you provide
has to be correct, but it does mean that you must reasonably believe that the information is truthful and demonstrates at least a possible
violation of the Code. If you believe that you have been unfairly or unlawfully retaliated against, you may file a report with your supervisor,
the HR team, or the company&#8217;s Legal &amp; Regulatory Group, or by calling the Reporting Hotline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Disciplinary
Action for Code Violations</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please note that we reserve the right to take
disciplinary action for Code violations that fits the nature and particular facts of the violation. This could include immediate termination
for cause and, if warranted, legal proceedings may be brought against you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Statement
of Compliance</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Upon starting at Brookfield, each director, officer,
employee and temporary worker who is subject to this Code will be provided with a copy of the Code and policies referred to herein and
is required to sign an acknowledgement. The acknowledgement is maintained by the company&#8217;s Legal and Regulatory Group. On an annual
basis, each director, officer, employee and temporary worker who is subject to this Code will be required to re-certify compliance with
the Code. <B>Annual execution of a Statement of Compliance with the Code and policies referred to herein or an annual certification of
the Code shall be a condition of your continued directorship, employment or engagement with the company.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 19; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Waivers</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A waiver of the Code will be granted only in very
exceptional circumstances. A Code waiver for Brookfield Asset Management&#8217;s employees, other than Brookfield Asset Management&#8217;s
executive officers, must be approved by the CEO. A Code waiver for Brookfield Asset Management&#8217;s Board of Directors or executive
officers must be approved by the Chair of the Board. A Code waiver for a director, officer or employee of a Controlled Affiliate may be
granted in accordance with the policies of the Controlled Affiliate, as consistent with the Code.</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">Amendments</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Brookfield Asset Management&#8217;s Board of Directors
reviews and approves the Code on at least an annual basis and is ultimately responsible for monitoring compliance with the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 20; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Schedule A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CONTACT INFORMATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Reporting
Hotline</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Australia - 1800-152-863<BR>
    Barbados - 1833-388-0834<BR>
    Bermuda - 1833-388-0833</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Brazil - 0800-891-3867</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Canada &ndash; 1800-665-0831</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Chile &ndash; 1230-020-0517</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Colombia &ndash; 01800-011-0149</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">France - 0800-91-2964</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Germany - 0800-000-6649</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Hong Kong &ndash; 800-960-631</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Ireland &ndash; 1800-946-551</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">India - 000 800 0502 237</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Japan &ndash; 012-099-3307</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Luxembourg &ndash; 800 85 269</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Mexico &ndash; 01800-436-0065</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">New Zealand &ndash; 0800-443-938</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Portugal &ndash; 0800-78-4717</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Qatar &ndash; 800-0249</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Singapore &ndash; 1800-622-7248</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">South Korea &ndash; 0809-080-895</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Spain &ndash; 900-810-305</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Switzerland &ndash; 0800-225-163</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">United Kingdom - 0808-234-2210</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">United States &ndash; 1770-613-6339</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>Two-Stage Dialing</I>:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Peru &ndash;0-800-50-000 or 0-800-50-288, then 800-795-2716</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">United Arab Emirates - 8000-021, 8000-555-66, or
    8000-061, then 800-795-2716</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Online <I>(Rest of the world)</I>: &ndash; www.brookfield.ethicspoint.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><I>Online (China)</I>:</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23.05pt; text-align: left; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Brookfield Asset Management: https://brookfield.whispli.com.cn/pages/BAM</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23.05pt; text-align: left; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Brookfield Property Partners: https://brookfield.whispli.com.cn/pages/realestate</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23.05pt; text-align: left; text-indent: -0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Brookfield Renewable Partners: https://brookfield.whispli.com.cn/pages/renewables</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-variant: small-caps"><B>Officer
    and Director Contacts &ndash; Brookfield Asset Management</B></FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Head of Corporate Strategy, Chief Legal Officer</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Justin B. Beber</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Brookfield Place, Suite 181 Bay Street, Suite
    300</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Toronto, Ontario M5J 2T3</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email: justin.beber@brookfield.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Telephone: (416) 956-5242</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Chief Executive Officer</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">J. Bruce Flatt</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Brookfield Place, Suite 181 Bay Street, Suite
    300</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Toronto, Ontario M5J 2T3</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email: bflatt@brookfield.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Telephone: (416) 363-9491</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Chief Internal Auditor</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Richard Maingot</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Brookfield Place, Suite 181 Bay Street, Suite
    300</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Toronto, Ontario M5J 2T3</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email: richard.maingot@brookfield.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Telephone: (416) 369-2741</P></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Chair of the Board</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Hon. Frank J. McKenna</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Brookfield Place, Suite 181 Bay Street, Suite
    300</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Toronto, Ontario M5J 2T3</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Telephone: (416) 363-9491</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 21 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 12pt; padding-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code of Business Conduct and Ethics &ndash; March 2022</FONT></TD><TD STYLE="text-align: right; width: 50%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 100%"><B>&nbsp;<IMG SRC="logo.jpg" ALT="" STYLE="height: 27px; width: 100px"></B></TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-variant: small-caps"><B>LEGAL AND
REGULATORY CONTACTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Brookfield Asset Management</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Kathy Sarpash</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Senior Vice President, Legal &amp; Regulatory</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email: Kathy.sarpash@brookfield.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Telephone: (416) 369-2621</P></TD>
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Brookfield Business Partners</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A.J Silber</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Senior Vice President, Legal &amp; Regulatory</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email: Aj.silber@brookfield.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Telephone: (416) 359-8598</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Brookfield Infrastructure Partners</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Michael Ryan</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Managing Director and Counsel</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email: Michael.ryan@brookfield.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Telephone: +61 2 9692 2810</P></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Brookfield Property Partners</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Michelle Campbell</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Senior Vice President, Legal &amp; Regulatory</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email: Michelle.campbell@brookfield.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Telephone: (212) 417-7514</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Brookfield Renewable Partners</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Jennifer Mazin</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Managing Partner, Legal &amp; Regulatory</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email: Jennifer.mazin@brookfield.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Telephone: (416) 369-3369</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Regulatory Compliance (New York) </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ronald Fisher-Dayn</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Managing Director, Legal &amp; Regulatory</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email: Ronald.fisher-dayn@brookfield.com</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Telephone: (212) 978-1763</P></TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Legal Notice</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The company reserves the right to modify, suspend
or revoke the Code and any related policies, procedures, and programs at any time. The company also reserves the right to interpret and
amend the Code and these policies in its sole discretion. Any amendments to the Code will be disclosed and reported as required by applicable
law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The company employs unionized employees. If the
Code conflicts with a collective bargaining agreement governing the wages and/or conditions of employment for unionized employees, the
collective bargaining agreement will prevail; if a collective bargaining agreement is silent with respect to an area addressed in the
Code, or if the Code supplements a collective bargaining agreement, unionized employees are expected to abide by the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Neither the Code, nor any of the policies referred
to herein, confer any rights, privileges or benefits on any employee, create an entitlement to continued employment at the company, establish
conditions of employment for the employee, or create an express or implied contract of any kind between employees and the company. In
addition, the Code does not modify the employment relationship between employees and the company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Code is posted on our website and intranet.
The version of the Code on our website and intranet may be more current and supersedes any paper copies, should there be any discrepancy
between paper copies and what is posted online.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt; color: rgb(200,200,200)">Code
of Business Conduct and Ethics &ndash; March 2022</FONT></P>




<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  L *(# 2(  A$! Q$!_\0
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M%;4OC)_P3E\$>(-:E:XUE/$$-C>7#=9Y(5N$\P^[*%)]R:R_BU\4?VB/VO\
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>:2B@ I:2B@!<FBDHH 6BDHH 7-)110 4444 ?__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
