<SEC-DOCUMENT>0001171843-23-001809.txt : 20230321
<SEC-HEADER>0001171843-23-001809.hdr.sgml : 20230321
<ACCEPTANCE-DATETIME>20230321173008
ACCESSION NUMBER:		0001171843-23-001809
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230321
FILED AS OF DATE:		20230321
DATE AS OF CHANGE:		20230321

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROOKFIELD Corp /ON/
		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:		23750623

	BUSINESS ADDRESS:	
		STREET 1:		BROOKFIELD PLACE, 181 BAY ST, STE 100
		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 100
		STREET 2:		PO BOX 762
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J2T3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BROOKFIELD ASSET MANAGEMENT INC.
		DATE OF NAME CHANGE:	20051116

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EDPERBRASCAN CORP
		DATE OF NAME CHANGE:	19970904
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_032123.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B>FORM 6-K</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>For the month of March 2023</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Commission File Number:&nbsp;<B>001-15160</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>BROOKFIELD CORPORATION</B><BR>
(Translation of registrant's name into English)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Brookfield Place, Suite 100, 181 Bay Street, P.O. Box 762 Toronto, Ontario,
Canada M5J 2T3</B><BR>
(Address of principal executive office)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B></B></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><B>EXHIBIT INDEX</B></P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: bottom"><B><U>Exhibit Number</U></B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="vertical-align: bottom"><B><U>Description</U></B></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD><A HREF="exh_991.htm">99.1</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="exh_991.htm">Code Of Business Conduct And Ethics</A></TD></TR>
  </TABLE>




<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">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="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 47%; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;BROOKFIELD CORPORATION&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Registrant)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Date: March 21, 2023</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Swati Mandava&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Swati Mandava</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Senior Vice President, Legal &amp; Regulatory</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><IMG SRC="brooklogo.jpg" ALT=""></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 98.5pt 0pt 107.15pt"><B>CODE OF BUSINESS CONDUCT AND ETHICS</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>


<P STYLE="margin: 0pt 0; font-size: 10pt"><B></B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 18pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 97.95pt 0pt 107.15pt"><B>March 2023</B></P>

<P STYLE="margin: 0pt 97.95pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.95pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.95pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.95pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.95pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.95pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.95pt 0pt 107.15pt; font-size: 10pt; text-align: center"></P>

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<P STYLE="margin: 0pt 97.95pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0 0pt 15pt">SUMMARY OF THE CODE&rsquo;S PRINCIPLES<FONT STYLE="font-size: 12pt"><B><SUP>1</SUP></B></FONT></P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-weight: bold">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>PROTECTING THE COMPANY&rsquo;S ASSETS, RESOURCES AND DATA</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 33pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.35pt">We often have sensitive confidential information about Brookfield, other companies,
our Clients<FONT STYLE="font-size: 10pt"><SUP>2</SUP></FONT> 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" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.9pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.3pt">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>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.9pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.3pt">Employees must complete mandatory data protection training and mitigate cybersecurity
risks by being vigilant about opening attachments or clicking on links.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>ACCURACY OF BOOKS AND RECORDS AND PUBLIC DISCLOSURES</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.6pt">We should take care that our books and records are accurate and that all of our
business transactions are properly authorized.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.4pt">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.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>DUTIES TO STAKEHOLDERS</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.35pt">At Brookfield, our 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" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">We have obligations to our Clients and must manage their capital as though it were our own.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>COMMUNICATIONS AND MEDIA</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.45pt">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" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.5pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>CONFLICTS OF INTEREST AND PERSONAL BEHAVIOR</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 33pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="padding-right: 30.3pt">Brookfield is a global brand and as a representative of the company your personal behavior must be consistent
with our values.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="padding-right: 28pt">As a steward of third-party capital, be cognizant that we face a heightened risk that one&rsquo;s personal
interests may conflict with or appear to conflict with the interests of the company.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>POSITIVE WORK ENVIRONMENT</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.5pt">We value diversity, equity and inclusion, 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" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.5pt">Our success is dependent on establishing a workplace culture free from discrimination,
violence, harassment and other negative influences.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">__________________________________</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><SUP>1</SUP> These principles are for summary purposes only. For more detailed information
on each of these items consult the Code attached.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><SUP>2</SUP> &ldquo;Clients&rdquo; include among others, private funds, listed issuers and
separate accounts.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"><IMG SRC="brooklogo.jpg" ALT="" STYLE="height: 27px; width: 100px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt"><B>COMPLIANCE WITH LAWS, RULES, REGULATIONS AND POLICIES</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.4pt">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" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.45pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0 0pt 15pt">FREQUENTLY ASKED QUESTIONS</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>WHY DO WE HAVE A CODE?</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.45pt 0pt 15pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>WHO MUST FOLLOW THE CODE?</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.35pt 0pt 14.95pt">All directors, officers, employees and temporary workers
of Brookfield Corporation, its wholly-owned subsidiaries, and certain perpetual and other 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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>WHAT ARE YOUR RESPONSIBILITIES?</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.2pt 0pt 15pt">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: &ldquo;Reporting Potential Code Violations.&rdquo;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>HOW WILL I KNOW IF THERE IS A PROBLEM?</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.5pt 0pt 15pt">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&rsquo;re not sure what to do, ask yourself the following
questions:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Is it illegal?</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Does it feel like the wrong thing to do?</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.9pt"></TD><TD STYLE="width: 18.1pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Would you feel uncomfortable if others knew about it?</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Will it have the potential to create a negative perception of you or the company?</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Do you have a personal interest that has the potential to conflict with the company&rsquo;s interest?</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 15pt">If you answer &ldquo;yes&rdquo; to any of these questions
your proposed conduct may violate the Code and you should ask for help.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>HOW SHOULD I ASK FOR HELP?</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.2pt 0pt 15pt">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&rsquo;s Legal &amp; Regulatory Group (a list of these members and their contact information is set forth on
Schedule A).</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>WHAT IF I WOULD LIKE TO MAKE AN ANONYMOUS REPORT?</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 6.6pt 0pt 15pt">You may make an anonymous report by contacting the company&rsquo;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&rsquo;s
ability to investigate your concerns.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 15pt"></P>

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<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; text-align: justify"><B>WHAT ARE THE CONSEQUENCES FOR VIOLATING THE CODE?</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.2pt 0pt 15pt">Violations of the Code or the policies and guidelines incorporated
by reference herein, can vary in its consequences. If you&rsquo;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&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0 0pt 15pt">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-weight: bold">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-weight: bold">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-weight: bold">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-weight: bold">&nbsp;</P>

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<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-weight: bold"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; font-size: 10pt; font-weight: bold; padding-left: 15pt"><U>TABLE OF CONTENTS</U></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 49%; font-size: 10pt; font-weight: bold">Page</TD></TR>
  </TABLE>


<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%; font-size: 10pt; font-weight: bold; padding-left: 15pt">INTRODUCTION</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 11%; font-size: 10pt; text-align: right">5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 14.95pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 14.95pt">STANDARDS OF BUSINESS CONDUCT</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.95pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.95pt">PROTECTING THE COMPANY&rsquo;S ASSETS, RESOURCES AND DATA</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">6</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.95pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.95pt">ACCURACY OF BOOKS AND RECORDS AND PUBLIC DISCLOSURES</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">8</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.95pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.95pt">DUTIES TO STAKEHOLDERS</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">10</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.95pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.95pt">COMMUNICATIONS AND MEDIA</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">10</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.95pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.95pt">CONFLICTS OF INTEREST AND PERSONAL BEHAVIOR</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">11</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.9pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.9pt">POSITIVE WORK ENVIRONMENT</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">13</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.9pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.9pt">COMPLIANCE WITH LAWS, RULES, REGULATIONS AND POLICIES</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">15</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.9pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.9pt">REPORTING POTENTIAL CODE VIOLATIONS</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">18</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.85pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 14.85pt">DISCIPLINARY ACTION FOR CODE VIOLATIONS</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">19</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 14.85pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 14.85pt">STATEMENT OF COMPLIANCE</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">19</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 14.85pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 14.85pt">WAIVERS</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">19</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 14.85pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 14.85pt">AMENDMENTS</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">20</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 15pt">&nbsp;</TD><TD>&nbsp;</TD>
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    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 15pt">SCHEDULE A &ndash; Contact Information</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>


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<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt"><B>INTRODUCTION</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.2pt 0pt 14.95pt">This Code of Business Conduct and Ethics (&ldquo;the Code&rdquo;)
applies to all directors, officers, employees and temporary workers<FONT STYLE="font-size: 10pt"><SUP>3</SUP></FONT> (collectively,
&ldquo;you&rdquo;) of (i) Brookfield Corporation and its wholly-owned subsidiaries (the &ldquo;Corporation&rdquo;); (ii) certain perpetual
affiliates (Brookfield Business Partners LP, Brookfield Infrastructure Partners LP, Brookfield Property Partners LP, Brookfield Renewable
Partners LP, Brookfield Infrastructure Corporation, Brookfield Renewable Corporation and Brookfield Business Corporation) (&ldquo;Listed
Entities&rdquo;); and (iii) any other controlled affiliate of the Corporation (together with the Listed Entities, the &ldquo;Controlled
Affiliates,&rdquo; and collectively with the Corporation, &ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our,&rdquo; &ldquo;Brookfield&rdquo;
or the &ldquo;company&rdquo;), unless such Controlled Affiliate has adopted its own Code of Conduct and/or other policies that are consistent
with the provisions of this Code.<FONT STYLE="font-size: 10pt"><SUP>4</SUP></FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>STANDARDS OF BUSINESS CONDUCT</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.4pt 0pt 15pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.35pt 0pt 15pt">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 as updated and/or superseded from time
to time). This Code incorporates by reference the following corporate policies and programs which should be read in conjunction with the
Code: <FONT STYLE="font-size: 10pt"><SUP>5</SUP></FONT></P>

<P STYLE="margin: 0pt 5.35pt 0pt 15pt; font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><SUP>&nbsp;</SUP></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Anti-Bribery and Corruption Policy;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Anti-Money Laundering and Trade Sanctions Policy;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Anti-Modern Slavery and Human Trafficking Policy;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Data Protection Policy and Data Protection Program;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Disclosure Policy;</TD></TR></TABLE>

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

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

<P STYLE="font-size: 10pt; margin: 0pt 0"><SUP>3</SUP> For purposes of the Code, &ldquo;temporary workers&rdquo; 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.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><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&rsquo;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.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><SUP>5</SUP> All policies and programs referenced in the Code are available on the intranet.</P>


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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Enterprise Information Security Policy;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Environmental, Social and Governance Policy;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Guideline for the Giving/Receipt of Gifts, Meals &amp; Other Entertainment, and the Making/Soliciting of Charitable Donations;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.9pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Personal Trading Policy;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.9pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Positive Work Environment Policy;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Regional Political Contributions Policies;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.9pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Signing Authority and Approval Thresholds Policy;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Travel and Expense Policy;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.9pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Vendor Management Program; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Whistleblowing Policy.</TD></TR></TABLE>

<P STYLE="font-size: 18pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 15pt"><B>PROTECTING THE COMPANY&rsquo;S ASSETS, RESOURCES AND DATA</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">The company&rsquo;s assets
are to be used for legitimate business purposes only.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.2pt 0pt 15pt">The company&rsquo;s assets are for business, not personal
use. The company&rsquo;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&rsquo;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&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt">If you use the company&rsquo;s assets for personal benefit
or are otherwise wasteful with the company&rsquo;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&rsquo;s
<I>Travel and Expense Policy</I>.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">Confidential information
must be protected at all times.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 14.95pt">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&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt"></P>

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<P STYLE="margin: 0pt 5.25pt 0pt 15pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 5.25pt 0pt 15pt; font-size: 10pt; 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 &ldquo;need to know&rdquo; 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. You must complete
mandatory data protection training and mitigate cybersecurity risks by being vigilant about opening attachments or clicking on links.
Please refer to the Data Protection Program for further information about how to protect confidential and personal data. 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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 5.55pt 0pt 15pt">Personal data held
by or on behalf of the company must be used in compliance with data protection laws.</P>

<P STYLE="margin: 0pt 5.55pt 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.4pt 0pt 15pt">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<FONT STYLE="font-size: 10pt"><SUP>[6]</SUP></FONT> 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 and in accordance with our data protection/privacy policies.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 14.95pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 14.95pt">In the ordinary course, the company transfers personal
data between jurisdictions in which the company operates, including outside the European Economic Area (&ldquo;EEA&rdquo;), United Kingdom,
Brazil, China, Hong Kong, Japan, South Korea, the Dubai International Financial Centre (&ldquo;DIFC&rdquo;) and Singapore. If you transfer
personal data outside the EEA, United Kingdom, Brazil, China, Hong Kong, Japan, South Korea, 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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.4pt 0pt 14.95pt">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&rsquo;s
<I>Data Protection Policy </I>and related policies referred to in the <I>Data Protection Program</I>.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">_______________________________</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><SUP>6</SUP> &ldquo;Personal data&rdquo; has the meaning given to it or any similar term in
applicable data protection or privacy legislation.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15.1pt">Intellectual property
belongs to the company.</P>

<P STYLE="margin: 0pt 0 0pt 15.1pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.2pt 0pt 15.1pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">The documents of the company
must be preserved.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt">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. 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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 15pt"><B>ACCURACY OF BOOKS AND RECORDS AND PUBLIC DISCLOSURES</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 5.3pt 0pt 15pt">Ensure that the books
and records of the company are complete and accurate and that all business transactions are properly authorized.</P>

<P STYLE="margin: 0pt 5.3pt 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.4pt 0pt 15pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 15pt">The company&rsquo;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&rsquo;s <I>Signing Authority and Approval Thresholds Policy.</I></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">Ensure that the company
provides full, true and plain public disclosure.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.35pt 0pt 15pt">All employees who are responsible for the preparation of
the company&rsquo;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) 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&rsquo;s
financial condition.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 14.95pt"></P>

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<P STYLE="margin: 0pt 5.3pt 0pt 14.95pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 5.3pt 0pt 14.95pt; font-size: 10pt; text-align: justify">Additionally, each person who is in a financial reporting
oversight role, and their Family Members,<FONT STYLE="font-size: 10pt"><SUP>7</SUP></FONT> 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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">_________________________________</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><SUP>7</SUP> For the purposes of this Code, &ldquo;Family Members&rdquo; are your spouse,
partner or other family members who live in the same dwelling as you.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

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<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 15pt"><B>DUTIES TO STAKEHOLDERS</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">Deal fairly with the company&rsquo;s
stakeholders.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 15pt">You must deal fairly with the company&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">Manage Client capital as
though it were your own.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.2pt 0pt 15pt">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 &ldquo;conflict of interest&rdquo;
for this purpose occurs when the company&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 15pt"><B>COMMUNICATIONS AND MEDIA</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">Use the company&rsquo;s
various forms of communication properly and appropriately.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 15pt">All business matters communicated in writing must be conducted
via the company&rsquo;s email system and/or through other systems provided and approved by the company for such use.<FONT STYLE="font-size: 10pt"><SUP>8</SUP></FONT>
These systems must be installed by Brookfield&rsquo;s internal Technology Service Group on your devices. 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&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt">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&rsquo;s policies and laws and regulations; please refer to the <I>Employee and Personnel Data Protection Policy and Privacy Notice.</I></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt">Employees should take care when on the company&rsquo;s email
system, other systems and devices to ensure that no viruses, &ldquo;trojan horses&rdquo; or similar items are introduced into the systems
or devices, including by clicking on links in phishing emails. You should exercise particular caution when opening unsolicited emails
from unknown sources or an email which appears suspicious. Inform the IT Department immediately if you are unsure about the origin of
an email or communication, or suspect your IT equipment/devices may have a virus. You must be particularly vigilant if you use our IT
equipment/devices outside the workplace and take such precautions as we may require from time to time against importing viruses or compromising
system security. The system contains information which is confidential and subject to data protection legislation. Such information must
be treated with extreme care and in accordance with our Data Protection Policy and Data Protection Program.</P>

<P STYLE="margin: 0pt 5.25pt 0pt 15pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 5.25pt 0pt 15pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">__________________________________</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify"><SUP>8</SUP> Brookfield&rsquo;s current approved systems include: Brookfield&rsquo;s Bloomberg
Chat, Microsoft Teams, Cisco Jabber, WeCom by WeChat, WhatsApp Business and Kakao Talk. Additional systems may be approved over time.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt"></P>

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<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">Be cautious in your use
of social media.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.15pt 0pt 15pt">The company&rsquo;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&rsquo;) 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, &ldquo;social
media&rdquo;). 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&rsquo;s <I>Enterprise Information Security Policy</I><B>.</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 14.95pt">Do not speak on behalf
of the company unless authorized to do so.</P>

<P STYLE="margin: 0pt 0 0pt 14.95pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 15pt">As a public company, it is important to ensure our communications
to the investing public are: (a)<FONT STYLE="font-size: 10pt">&nbsp; </FONT>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&rsquo;s
behalf unless you have been designated as a &ldquo;Spokesperson&rdquo; 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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.1pt 0pt 14.95pt">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 the Corporation or a Controlled
Affiliate, as applicable.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 15pt"><B>CONFLICTS OF INTEREST AND PERSONAL BEHAVIOR</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">Exhibit personal behavior
that reinforces a positive image of you and the company.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt">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&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 5.45pt 0pt 15pt">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.</P>

<P STYLE="margin: 0pt 5.45pt 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 15pt">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&rsquo;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="margin: 0pt 5.3pt 0pt 15pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt"></P>

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<P STYLE="margin: 0pt 5.25pt 0pt 15pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 5.25pt 0pt 15pt; font-size: 10pt; text-align: justify">&ldquo;Outside Business Activities,&rdquo; otherwise known
as &ldquo;OBAs&rdquo; include any business activities outside the scope of one&rsquo;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. Subject to
any local regulatory requirements, 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&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 5.35pt 0pt 15pt">Avoid situations in
which your personal interests conflict with the interests of the company, its Clients or investors in Client accounts.</P>

<P STYLE="margin: 0pt 5.35pt 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.35pt 0pt 14.95pt">A &ldquo;conflict of interest&rdquo; for this purpose
occurs when a person&rsquo;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&rsquo;s interest in any business matter ahead of any personal interest.
Remember that the company&rsquo;s interest includes the company&rsquo;s obligations to its Clients.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.35pt 0pt 15pt">You may also have a conflict of interest or the appearance
of a conflict of interest as a result of a &ldquo;close personal relationship&rdquo; with another employee at Brookfield. 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 (&ldquo;HR&rdquo;) department.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 15pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.15pt 0pt 15pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15.1pt">Do not take corporate
opportunities as your own personal opportunities.</P>

<P STYLE="margin: 0pt 0 0pt 15.1pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.35pt 0pt 15.1pt">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&rsquo;s <I>Personal Trading Policy</I>.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 15pt"><B>POSITIVE WORK ENVIRONMENT</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 5.55pt 0pt 15pt">Be committed to our
respectful work environment free from discrimination,<FONT STYLE="font-size: 10pt"><B><SUP>9</SUP></B></FONT> violence<FONT STYLE="font-size: 10pt"><B><SUP>10</SUP></B></FONT>
and harassment.<FONT STYLE="font-size: 10pt"><B><SUP>11</SUP></B></FONT></P>

<P STYLE="margin: 0pt 5.55pt 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.2pt 0pt 15pt">Brookfield is committed to promoting equal opportunities and
diversity in the workplace. We value diversity, equity and inclusion, and we should all do our part 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&rsquo;s commitment to its positive work environment, refer to
the company&rsquo;s <I>Positive Work Environment Policy</I>.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">You have a duty to report
discrimination, violence and harassment.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt">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 &ldquo;Reporting Potential Code Violations&rdquo;
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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 15pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">Be committed to ensuring
the health and safety of fellow directors, officers and employees.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 5.3pt 0pt 15pt; font-size: 10pt; 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="margin: 0pt 5.3pt 0pt 15pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">a.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">comply strictly with all occupational, health and safety laws and internal procedures;</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">b.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">not engage in illegal or dangerous behavior, including any acts or threats of violence;</TD>
</TR></TABLE>

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

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

<P STYLE="font-size: 10pt; margin: 0pt 0"><SUP>9</SUP> &ldquo;Discrimination&rdquo; 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.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><SUP>10</SUP> &ldquo;Violence&rdquo; 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.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><SUP>11</SUP> &ldquo;Harassment&rdquo; 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.</P>


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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">c.</TD><TD STYLE="width: 5pt"></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" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right">d.</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">not possess or use weapons or firearms or any type of combustible material in the company&rsquo;s
facilities, or at company-sponsored functions.</TD>
</TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.45pt 0pt 15pt">&nbsp;</P>

<P STYLE="margin: 0pt 5.45pt 0pt 15pt; font-size: 10pt; 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 &ldquo;Reporting Potential
Code Violations&rdquo; section of the Code and/or in accordance with the <I>Positive Work Environment Policy</I>.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: left; margin: 0pt 3pt 0pt 13.5pt">Human Rights and Modern
Slavery</P>

<P STYLE="font-size: 10pt; margin: 0pt 3pt 0pt 13.5pt">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, including but not limited to:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 18pt">a.</TD><TD STYLE="padding-right: 7.5pt"><FONT STYLE="background-color: white">operating with leading health and safety practices to support the
goal of zero serious safety incidents;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 18pt">b.</TD><TD STYLE="padding-right: 7.5pt">striving to ensure that 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-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 18pt">c.</TD><TD STYLE="padding-right: 7.5pt">the elimination of discrimination in employment;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 18pt">d.</TD><TD STYLE="padding-right: 7.5pt">the prohibition of child and forced labour; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 18pt">e.</TD><TD STYLE="padding-right: 7.5pt">the eradication of harassment and physical or mental abuse in the workplace.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 3pt 0pt 13.5pt">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 Program. These practices extend to our interactions with our key suppliers and other business partners. For more information
about our business practices and systems and controls to safeguard against modern slavery and human trafficking, please refer to the company&rsquo;s
<I>Anti-Modern Slavery and Human Trafficking Policy</I>.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 3pt 0pt 13.5pt">Environmental, Social
and Governance (&ldquo;ESG&rdquo;) Management</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 3pt 0pt 13.5pt">Our business philosophy is based on our conviction that acting
responsibly toward our stakeholders is foundational to operating a productive, profitable and sustainable business, and that value creation
and sustainable development are complementary goals. This view has been underpinned by what we have learned throughout our 100+ year heritage
as an owner and operator of long-term assets, many of which form the backbone of the global economy. Our long-term focus lends itself
to robust ESG programs throughout our asset management business and underlying operations, which has always been a key priority for us.
Our ESG policy outlines our approach to ESG which is based on the following guiding principles:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt">1.</TD><TD>Mitigate the impact of our operations on the environment:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 68.95pt"></TD><TD STYLE="width: 18pt">a.</TD><TD STYLE="padding-right: 5.8pt">Strive to minimize the environmental impact of operations and improve efficient use of resources over
time.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 68.95pt"></TD><TD STYLE="width: 18.05pt">b.</TD><TD>Support the goal of net zero greenhouse gas (GHG) emissions by 2050 or sooner.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt">2.</TD><TD>Strive to ensure the well-being and safety of employees:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 68.95pt"></TD><TD STYLE="width: 18pt">a.</TD><TD STYLE="padding-right: 6.4pt">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-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 68.95pt"></TD><TD STYLE="width: 18.05pt">b.</TD><TD STYLE="padding-right: 29pt">Operate with leading health and safety practices to support the goal of zero serious safety incidents.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"><IMG SRC="brooklogo.jpg" ALT="" STYLE="height: 27px; width: 100px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt">3.</TD><TD>Uphold strong governance practices:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 68.95pt"></TD><TD STYLE="width: 18pt">a.</TD><TD STYLE="padding-right: 8.95pt">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-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 68.95pt"></TD><TD STYLE="width: 18.05pt">b.</TD><TD>Maintain strong stakeholder relationships through transparency and active engagement.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 32.95pt"></TD><TD STYLE="width: 18.05pt">4.</TD><TD>Be good corporate citizens:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 69pt"></TD><TD STYLE="width: 18pt">a.</TD><TD STYLE="padding-right: 11.5pt">Strive to 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-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 69pt"></TD><TD STYLE="width: 18pt">b.</TD><TD STYLE="padding-right: 11.5pt">Support philanthropy and volunteerism by our employees.</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.35pt 0pt 15pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.35pt 0pt 15pt">Our ESG Due Diligence Guideline incorporates the Sustainability
Accounting Standards Board (SASB) engagement guide to assist investment teams in conducting a comprehensive review of material ESG factors
for all investments under consideration. The ESG Due Diligence Guideline is required to be considered in all diligence work performed
as part of Brookfield&rsquo;s ESG approach. Our Vendor Management Program also incorporates ESG considerations where applicable.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 17pt"><B>COMPLIANCE WITH LAWS, RULES, REGULATIONS AND POLICIES</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">Know and comply with all
laws, rules, regulations and policies applicable to your position.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt">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.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.15pt 0pt 15pt">Many of the company&rsquo;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&rsquo;s Legal &amp; Regulatory Group.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 5.45pt 0pt 14.95pt">Do not trade in
the company&rsquo;s securities and in any other publicly-traded securities if you possess material non-public information.</P>

<P STYLE="margin: 0pt 5.45pt 0pt 14.95pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: -0.05pt; margin: 0pt 5.25pt 0pt 15pt">While at Brookfield, you may have access
to or become aware of material non-public information,<FONT STYLE="font-size: 10pt"><SUP>12</SUP></FONT> either about the Corporation,
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, &ldquo;tipping&rdquo; 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.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">_________________________________</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><SUP>12</SUP> Information about an entity is &ldquo;material&rdquo; if there is a substantial
likelihood that a reasonable investor would consider the information important when deciding to buy, sell or hold that entity&rsquo;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 &ldquo;non-public&rdquo; 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.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.4pt 0pt 15pt"></P>

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<P STYLE="margin: 0pt 5.4pt 0pt 15pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 5.4pt 0pt 15pt; font-size: 10pt; text-align: justify">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&rsquo;s intranet.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; margin: 0pt 0 0pt 15pt; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">If
you have questions about securities laws or the company&rsquo;s internal trading policies and procedures, contact a member of the company&rsquo;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-size: 10pt; font-style: italic; margin: 0pt 0 0pt 15pt; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">Depending on your role
at the company, you may have to pre-clear trades or avoid trading altogether.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 14.95pt">There are three categories of employees under Brookfield&rsquo;s
<I>Personal Trading Policy</I> &ndash; Investment Access Persons, Access Persons and Insiders. Employees are designated within these categories
based on their position, role, responsibility and/or activities at Brookfield, as set out in more detail in the <I>Personal Trading Policy</I>.
Brookfield&rsquo;s Human Resources Department will designate employees as Access Persons, Investment Access Persons and/or Insiders upon
hire and, to the extent necessary, update such designations in connection with changes in roles and/or titles. Brookfield&rsquo;s Legal
&amp; Regulatory Group will notify employees of their designation and the implications thereof upon hire and in connection with any designation
changes thereafter.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.4pt 0pt 14.95pt">Insiders, Access Persons, and their Family Members must
pre-clear their trades 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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 25.3pt 0pt 14.95pt">Investment Access Persons and their Family Members must pre-clear their trades
in Brookfield securities.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 14.95pt">Investment Access Persons and their Family Members 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&rsquo;s length third-parties that are not your family
members.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 33.85pt 0pt 14.95pt">For more information about trading preclearance and trading activities in
third-party discretionary accounts, refer to the company&rsquo;s <I>Personal Trading Policy</I>.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: left; margin: 0pt 0 0pt 14.95pt">Do not give or receive
bribes, including &ldquo;facilitation payments.&rdquo;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: left; margin: 0pt 0 0pt 14.95pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 13.5pt">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, employment opportunities, internships, and secondments. Facilitation payments<FONT STYLE="font-size: 10pt"><SUP>13</SUP></FONT>
are also a form of bribe and are therefore not permitted. For further details, refer to company&rsquo;s <I>Anti-Bribery and Corruption
Policy.</I></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">________________________________</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><SUP>13</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.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: left; margin: 0pt 0 0pt 15pt">Giving or receiving gifts/entertainment
should be reasonable, and in certain cases prohibited.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: left">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 15pt">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. 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. For further details, refer to relevant <I>Guideline for the Giving/Receipt of Gifts, Meals
&amp; Other Entertainment, and the Making/Soliciting of Charitable Donations</I> applicable in your jurisdiction.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: left; margin: 0pt 0 0pt 15pt">There may be restrictions
on your political donations to candidates and political parties.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: left">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.2pt 0pt 14.95pt">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.<FONT STYLE="font-size: 10pt"><SUP>14</SUP></FONT>
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. The company&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: left; margin: 0pt 6.15pt 0pt 15pt">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.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 14.95pt">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&rsquo;s other business activities are in compliance with applicable anti-money laundering laws and related
requirements. For further details, refer to the company&rsquo;s Anti-Money Laundering and Trade Sanctions Policy.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 5.35pt 0pt 15pt">You should consider
your rights and obligations when providing information to governmental authorities.</P>

<P STYLE="margin: 0pt 5.35pt 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 14.95pt">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&rsquo;s Legal &amp; Regulatory Group who can help you retain
counsel that can assist you.</P>

<P STYLE="margin: 0pt 5.3pt 0pt 14.95pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">______________________________</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify"><SUP>14</SUP> In the U.S., all employees must preclear personal contribution in accordance
with the regional policy.</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; margin: 0pt 0 0pt 15pt; text-align: justify"></P>

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<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; text-align: justify"><FONT STYLE="font-style: normal; font-weight: normal">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 </FONT><FONT STYLE="font-weight: normal">Whistleblowing
Policy.</FONT></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">You have internal reporting
obligations in the event you are convicted of a felony or misdemeanor.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 14.95pt">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&rsquo;s Legal &amp; Regulatory Group or your supervisor so
that it may be appropriately documented internally.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 15pt"><B>REPORTING POTENTIAL CODE VIOLATIONS</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 0 0pt 15pt">You are expected to make
good faith reports.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.1pt 0pt 15pt">Internal reporting is critical to the company&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.3pt 0pt 15pt">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&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.05pt; margin: 0pt 46.55pt 0pt 15pt">If you have questions about securities laws or the company&rsquo;s
whistleblowing policy, contact the company&rsquo;s Legal &amp; Regulatory Group or refer to the <I>Whistleblowing Policy</I>.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: left; margin: 0pt 0 0pt 15pt">In the event you do not want
to report violations to your supervisor, HR, or the company&rsquo;s Legal &amp; Regulatory Group, you can always make a report through
the company&rsquo;s reporting hotline.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: left">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.35pt 0pt 14.95pt">Our reporting hotline (the &ldquo;Reporting Hotline&rdquo;)
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 hours
a day, 7 days a week. Refer to the &ldquo;Contact Information&rdquo; 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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: left; margin: 0pt 0 0pt 15pt"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: left">&nbsp;</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: left">Reports will be kept confidential
and will be dealt with appropriately.</P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: left">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.2pt 0pt 15pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify; margin: 0pt 5.4pt 0pt 15pt">Brookfield prohibits
retaliation against anyone who reports suspected violations of the Code or any law or regulation.</P>

<P STYLE="margin: 0pt 5.4pt 0pt 15pt; font-size: 10pt; font-style: italic; font-weight: bold; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.1pt 0pt 15pt">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 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&rsquo;s Legal &amp;
Regulatory Group, or by calling the Reporting Hotline.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>DISCIPLINARY ACTION FOR CODE VIOLATIONS</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.4pt 0pt 15pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>STATEMENT OF COMPLIANCE</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.25pt 0pt 14.95pt">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&rsquo;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-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B>WAIVERS</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.35pt 0pt 14.95pt">A waiver of the Code will be granted only in very exceptional
circumstances. A Code waiver for the Corporation&rsquo;s employees, other than the Corporation&rsquo;s executive officers, must be approved
by the CEO. A Code waiver for the Corporation&rsquo;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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 15pt"><B></B></P>

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<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt"><B>AMENDMENTS</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.5pt 0pt 15pt">The Corporation&rsquo;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-size: 10pt; text-align: center; margin: 0pt 97.85pt 0pt 107.15pt">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

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<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

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<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center"></P>

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<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 97.85pt 0pt 107.15pt; font-size: 10pt; text-align: center"><B><U>SCHEDULE A</U></B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 14.95pt"><B>REPORTING HOTLINE</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0 0pt 14.95pt">CONTACT INFORMATION</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10.05pt">Australia - 1800-152-863</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10.05pt">Barbados - 1833-388-0834</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10.05pt">Bermuda - 1833-388-0833</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10.05pt">Brazil - 0800-891-3867</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10.05pt">Canada &ndash; 1800-665-0831</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10.05pt">Cayman Islands &ndash; 833-425-1502</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">Chile &ndash; 1230-020-0517</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">China &ndash; 86 21 8036 5429</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">Colombia &ndash; 01800-011-0149</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">France - 0800-91-2964</P>
    <P STYLE="font-size: 10pt; margin: 0pt 107.1pt 0pt 10pt">Germany - 0800-000-6649</P>
    <P STYLE="margin: 0pt 107.1pt 0pt 10pt; font-size: 10pt">Hong Kong &ndash; 800-960-631</P>
    <P STYLE="margin: 0pt 107.1pt 0pt 10pt; font-size: 10pt">Ireland &ndash; 1800-946-551</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">India - 000-800-0502-237</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">&nbsp;</P></TD>
    <TD STYLE="width: 50%">
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 23.65pt">Japan &ndash; 012-099-3307</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 23.65pt">Luxembourg &ndash; 800 85 269</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 23.65pt">Mexico &ndash; 01800-436-0065</P>
    <P STYLE="font-size: 10pt; margin: 0pt 84.75pt 0pt 23.6pt">New Zealand &ndash; 0800-443-938</P>
    <P STYLE="margin: 0pt 84.75pt 0pt 23.6pt; font-size: 10pt">Portugal &ndash; 0800-78-4717</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 23.6pt">Qatar &ndash; 800-0249</P>
    <P STYLE="font-size: 10pt; margin: 0pt 87.9pt 0pt 23.6pt">Singapore &ndash; 1800-622-7248</P>
    <P STYLE="margin: 0pt 87.9pt 0pt 23.6pt; font-size: 10pt">South Korea &ndash; 080-908-0895</P>
    <P STYLE="margin: 0pt 87.9pt 0pt 23.6pt; font-size: 10pt">Spain &ndash;
    900-810-305</P>
    <P STYLE="font-size: 10pt; margin: 0pt 68.75pt 0pt 23.55pt">Switzerland &ndash; 0800-225-163</P>
    <P STYLE="margin: 0pt 68.75pt 0pt 23.55pt; font-size: 10pt">United Kingdom - 0808-234-2210</P>
    <P STYLE="margin: 0pt 68.75pt 0pt 23.55pt; font-size: 10pt">United States
    &ndash; 1770-613-6339</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 10pt; font-size: 10pt"><I>Two-Stage Dialing</I>:</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">Peru &ndash;0-800-50-000 or 0-800-50-288, then 800-795-2716</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">United Arab Emirates - 8000-021, 8000-555-66, or 8000-061, then 800-795-2716</P>
    <P STYLE="margin: 0pt 0 0pt 10pt; font-size: 10pt">&nbsp;</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10.05pt">Online <I>(Rest of the world)</I>: &ndash; www.brookfield.ethicspoint.com&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 10.05pt; font-size: 10pt"><I>Online (China)</I>:</P>
<P STYLE="margin-left: 20pt; text-align: left; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT>  Brookfield Corporation: https://brookfield.whispli.com.cn/pages/BAM</P>


<P STYLE="margin-left: 20pt; text-align: left; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT>  Brookfield Property Partners: https://brookfield.whispli.com.cn/pages/realestate</P>


<P STYLE="margin-left: 20pt; text-align: left; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Symbol">&middot;</FONT>  Brookfield Renewable Partners: https://brookfield.whispli.com.cn/pages/renewables</P>


    <P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10.05pt"><B>OFFICER AND DIRECTOR CONTACTS &ndash; BROOKFIELD Corporation</B></P>
    <P STYLE="margin: 0pt 0 0pt 10.05pt; font-size: 10pt"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 10.05pt"><B>Corporate Secretary</B></P>
    <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 10.1pt">Swati Mandava</P>
    <P STYLE="font-size: 10pt; margin: 0pt 48.15pt 0pt 10.1pt">Email: swati.mandava@brookfield.com</P>
    <P STYLE="margin: 0pt 48.15pt 0pt 10.1pt; font-size: 10pt">Telephone: +917 54 599 9354</P></TD>
    <TD>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 23.65pt"><B>Chief Executive Officer</B></P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 23.65pt">Bruce Flatt</P>
    <P STYLE="font-size: 10pt; margin: 0pt 8.9pt 0pt 23.65pt">Brookfield Place, Suite 181 Bay Street, Suite 100</P>
    <P STYLE="margin: 0pt 8.9pt 0pt 23.65pt; font-size: 10pt">Toronto, Ontario M5J 2T3</P>
    <P STYLE="font-size: 10pt; margin: 0pt 83.95pt 0pt 23.65pt">Email: bflatt@brookfield.com</P>
    <P STYLE="margin: 0pt 83.95pt 0pt 23.65pt; font-size: 10pt">Telephone: (416) 363-9491</P>
    <P STYLE="margin: 0pt 83.95pt 0pt 23.65pt; font-size: 10pt">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10.1pt"><B>Chief Internal Auditor</B></P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10.1pt">Richard Maingot</P>
    <P STYLE="font-size: 10pt; margin: 0pt 22.5pt 0pt 10.1pt">Brookfield Place, Suite 181 Bay Street, Suite 100</P>
    <P STYLE="margin: 0pt 22.5pt 0pt 10.1pt; font-size: 10pt">Toronto, Ontario M5J 2T3</P>
    <P STYLE="font-size: 10pt; margin: 0pt 54.7pt 0pt 10.05pt">Email: richard.maingot@brookfield.com</P>
    <P STYLE="margin: 0pt 54.7pt 0pt 10.05pt; font-size: 10pt">Telephone: (416) 369-2741</P>
    <P STYLE="margin: 0pt 54.7pt 0pt 10.05pt; font-size: 10pt">&nbsp;</P></TD>
    <TD>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 23.65pt"><B>Chair of the Board</B></P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 23.65pt">The Hon. Frank J. McKenna</P>
    <P STYLE="font-size: 10pt; margin: 0pt 8.9pt 0pt 23.65pt">Brookfield Place, Suite 181 Bay Street, Suite 100</P>
    <P STYLE="margin: 0pt 8.9pt 0pt 23.65pt; font-size: 10pt">Toronto, Ontario M5J 2T3</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 23.65pt">Telephone: (416) 363-9491</P></TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 15pt"><B></B></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"><IMG SRC="brooklogo.jpg" ALT="" STYLE="height: 27px; width: 100px"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt 0 0pt 15pt; font-size: 10pt; text-align: justify"><B>LEGAL AND REGULATORY CONTACTS</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%">
    <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 10pt"><B>Brookfield Corporation</B></P>
    <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 10pt">Swati Mandava</P>
    <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 35.9pt 0pt 10pt">Managing Director, Legal &amp; Regulatory</P>
    <P STYLE="margin: 0pt 35.9pt 0pt 10pt; font-size: 10pt; text-align: justify">Email:swati.mandava@brookfield.com</P>
    <P STYLE="margin: 0pt 35.9pt 0pt 10pt; font-size: 10pt; text-align: justify">Telephone: +917 54 599 9354</P></TD>
    <TD STYLE="width: 51%">
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in"><B>Brookfield Business Partners</B></P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">A.J Silber</P>
    <P STYLE="font-size: 10pt; margin: 0pt 14pt 0pt 0.5in">Managing Director, Legal &amp; Regulatory</P>
    <P STYLE="margin: 0pt 14pt 0pt 0.5in; font-size: 10pt">Email: Aj.silber@brookfield.com</P>
    <P STYLE="margin: 0pt 14pt 0pt 0.5in; font-size: 10pt">Telephone:
    (416) 359-8598</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt"><B>Brookfield Infrastructure Partners</B></P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">Michael Ryan</P>
    <P STYLE="font-size: 10pt; margin: 0pt 54.4pt 0pt 10pt">Managing Director and Counsel</P>
    <P STYLE="margin: 0pt 54.4pt 0pt 10pt; font-size: 10pt">Email: Michael.ryan@brookfield.com</P>
    <P STYLE="margin: 0pt 54.4pt 0pt 10pt; font-size: 10pt">Telephone: +61
    2 9692 2810</P></TD>
    <TD>
    <P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in"><B>Brookfield Property Partners</B></P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">Michelle Campbell</P>
    <P STYLE="font-size: 10pt; margin: 0pt 9.05pt 0pt 0.5in">Senior Vice President, Legal &amp; Regulatory</P>
    <P STYLE="margin: 0pt 9.05pt 0pt 0.5in; font-size: 10pt">Email: Michelle.campbell@brookfield.com</P>
    <P STYLE="margin: 0pt 9.05pt 0pt 0.5in; font-size: 10pt">Telephone: (212) 417-7514</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 10pt"><B>Brookfield Renewable Partners</B></P>
    <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 10pt">Jennifer Mazin</P>
    <P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 49.1pt 0pt 10pt">Managing Partner, Legal &amp; Regulatory</P>
    <P STYLE="margin: 0pt 49.1pt 0pt 10pt; font-size: 10pt; text-align: justify">Email: Jennifer.mazin@brookfield.com</P>
    <P STYLE="margin: 0pt 49.1pt 0pt 10pt; font-size: 10pt; text-align: justify">Telephone: (416) 369-3369</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt"><B>Regulatory Compliance (New York)</B></P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">Ronald Fisher-Dayn</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0 0pt 10pt">Managing Partner, Legal &amp; Regulatory</P>
    <P STYLE="font-size: 10pt; text-indent: -0.05pt; margin: 0pt 30.75pt 0pt 10pt">Email: Ronald.fisher-dayn@brookfield.com</P>
    <P STYLE="margin: 0pt 30.75pt 0pt 10pt; font-size: 10pt; text-indent: -0.05pt">Telephone: (212)
    978-1763</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 98.5pt 0pt 106.95pt"><B>LEGAL NOTICE</B></P>

<P STYLE="margin: 0pt 98.5pt 0pt 106.95pt; font-size: 10pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.75pt 0pt 15pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.45pt 0pt 14.95pt">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-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 5.5pt 0pt 15pt">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
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