EX-99.1 2 tm2532312d1_ex99-1.htm EXHIBIT 99.1
Exhibit 99.1

| Ministry of Public and Business Service Delivery Ministère des Services au public et aux entreprises Certificate of Amendment Certificat de modification Business Corporations Act Loi sur les sociétés par actions BROOKFIELD CORPORATION Corporation Name / Dénomination sociale 1644037 Ontario Corporation Number / Numéro de société de l’Ontario This is to certify that these articles are effective on La présente vise à attester que ces statuts entreront en vigueur le November 25, 2025 / 25 novembre 2025 Director / Directeur Business Corporations Act / Loi sur les sociétés par actions The Certificate of Amendment is not complete without the Articles of Amendment Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar Ce certificat de modification n’est pas complet s’il ne contient pas les statuts de modification Copie certifiée conforme du dossier du ministère des Services au public et aux entreprises. Directeur ou registrateur

| Ministry of Public and Business Service Delivery Articles of Amendment Business Corporations Act Corporation Name (Date of Incorporation/Amalgamation) BROOKFIELD CORPORATION (January 01, 2005) 1. The name of the corporation is changed to: Not amended 2. The number of directors or the minimum/maximum number of directors are amended as follows: Not amended 3. The articles are amended as follows: A. Restrictions, if any, on business the corporation may carry on or on powers the corporation may exercise. If none, enter "None": Not amended B. The classes and any maximum number of shares that the corporation is authorized to issue: The articles of the Corporation are hereby amended to: 1. Create the fifty-fourth series of Class A Preference Shares of the Corporation which shall consist of 10,000,000 Class A Preference Shares designated as Cumulative Class A Preference Shares, Series 54 and, in addition to the rights, privileges, restrictions and conditions attaching to the Class A Preference Shares as a class, shall have attached thereto the following rights, privileges, restrictions and conditions set forth in Schedule A below; and 2. Create the fifty-fifth series of Class A Preference Shares of the Corporation which shall consist of 10,000,000 Class A Preference Shares designated as Cumulative Class A Preference Shares, Series 55 and, in addition to the rights, privileges, restrictions and BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 1 of 24

| conditions attaching to the Class A Preference Shares as a class, shall have attached thereto the following rights, privileges, restrictions and conditions set forth in Schedule B below. C. Rights, privileges, restrictions and conditions (if any) attaching to each class of shares and directors' authority with respect to any class of shares which may be issued in series. If there is only one class of shares, enter "Not Applicable": Schedule A Brookfield Corporation (the “Corporation”) Number and Designation of and Rights, Privileges, Restrictions and Conditions Attaching to the Cumulative Class A Preference Shares, Series 54 The fifty-fourth series of Class A Preference Shares of the Corporation shall consist of 10,000,000 Class A Preference Shares designated as Cumulative Class A Preference Shares, Series 54 (the “Series 54 Preference Shares”) and, in addition to the rights, privileges, restrictions and conditions attaching to the Class A Preference Shares as a class, shall have attached thereto the following rights, privileges, restrictions and conditions (the “Series 54 Preference Share Provisions”): 1. Consideration for Issue The consideration for the issue of each Series 54 Preference Share shall be $25.00 or its equivalent in property or past services. 2. Dividends 2.1 Cumulative Preferential Dividends The holders of the then outstanding Series 54 Preference Shares (the “Holders”) shall be entitled to receive, and the Corporation shall pay thereon, as and when declared by the Board of Directors, out of moneys of the Corporation properly applicable to the payment of dividends, cumulative preferential cash dividends (the “Series 54 Dividends”) payable quarterly at the rates and times herein provided by cheque at par in lawful money of Canada at any branch in Canada of the Corporation’s bankers for the time being or by any other reasonable means the Corporation deems desirable. (a) During the Initial Fixed Rate Period, the Series 54 Dividends will be payable quarterly on the last day of March, June, September and December of each year (each, a “Dividend Payment Date”) at the Initial Fixed Dividend Rate. The initial Series 54 Dividend will be payable March 31, 2026 and will be an amount in cash equal to $0.4837 per Series 54 Preference Share. On each Dividend Payment Date during the Initial Fixed Rate Period, (other than March 31, 2026) the Series 54 Dividend will be equal to $0.353125 per share. (b) During each Subsequent Fixed Rate Period, Series 54 Dividends payable on the Series 54 Preference Shares will be in an annual amount per share determined by multiplying the Annual Fixed Dividend Rate applicable to such Subsequent Fixed Rate Period by $25.00, and shall be payable quarterly on each Dividend Payment Date during such Subsequent Fixed Rate Period. (c) In respect of each Subsequent Fixed Rate Period, the Corporation will, during such Subsequent Fixed Rate Period calculate on each Fixed Rate Calculation Date the Annual Fixed Dividend Rate for such Subsequent Fixed Rate Period and will, on the Fixed Rate Calculation Date, give written notice thereof to the Holders. Each such determination by the Corporation of the Annual BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 2 of 24

| Fixed Dividend Rate will, in the absence of manifest error, be final and binding upon the Corporation and upon all Holders of Series 54 Preference Shares. (d) If on any Dividend Payment Date, the Series 54 Dividends accrued to such date are not paid in full on all of the Series 54 Preference Shares then outstanding, such Series 54 Dividends, or the unpaid part thereof, shall be paid on a subsequent date or dates determined by the Board of Directors on which the Corporation shall have sufficient monies properly applicable to the payment of such Series 54 Dividends. (e) The Holders shall not be entitled to any dividends other than or in excess of the Series 54 Dividends. Series 54 Dividends shall (except in case of redemption or conversion in which case payment of Series 54 Dividends shall, subject to the provisions of Section 14, be made on surrender of the certificate representing the Series 54 Preference Shares to be redeemed or converted) be paid by electronic funds transfer or posting in a postage paid envelope addressed to each Holder at the last address of such Holder as it appears on the securities register of the Corporation or, in the case of joint Holders, to the address of that one whose name appears first in the securities register of the Corporation as one of such joint Holders, or, in the event of the address of any Holder not so appearing, then to the address of such Holder last known to the Corporation, a cheque for such Series 54 Dividends (less any tax required to be deducted) payable to the order of such Holder or, in the case of joint Holders, to the order of all such Holders failing written instructions from them to the contrary. Notwithstanding the foregoing, any dividend cheque may be delivered by the Corporation to a Holder at his address as aforesaid. Such electronic funds transfer or the posting or delivery of such cheque on or before the date on which such dividend is to be paid to a Holder shall be deemed to be payment and shall satisfy and discharge all liabilities for the payment of such dividends to the extent of the sum represented thereby (plus the amount of any tax required to be deducted as aforesaid) unless such cheque is not paid on due presentation. Subject to applicable law, dividends which are represented by a cheque which has not been presented to the Corporation’s bankers for payment or that otherwise remain unclaimed for a period of two years from the date on which they were declared to be payable shall be forfeited to the Corporation. 2.2 Dividend for Other than a Full Dividend Period The Holders shall be entitled to receive, and the Corporation shall pay thereon, if, as and when declared by the Board of Directors, out of moneys of the Corporation properly applicable to the payment of dividends, Series 54 Dividends for any period which is less than a full Dividend Period as follows: (a) in respect of the period beginning on and including the date of initial issue of the Series 54 Shares up to and including March 31, 2026 (the “Initial Dividend Period”), a dividend in an amount per Series 54 Share equal to the amount obtained (rounded to four decimal places) where $1.4125 is multiplied by a fraction, the numerator of which is the number of calendar days from but excluding the date of issue of the Series 54 Shares up to and including March 31, 2026 and the denominator of which is 365. The Series 54 Dividend payable for the Initial Dividend Period, payable as of March 31, 2026, as calculated by this method shall be $0.4837 per Series 54 Share; and (b) in respect of any period other than the Initial Dividend Period that is less than a full Dividend Period, a dividend in an amount per Series 54 Preference Share equal to the amount obtained (rounded to four decimal places) when the product of the Annual Fixed Dividend Rate and $25.00 is multiplied by a fraction, the numerator of which is the number of calendar days elapsed in the relevant period and the denominator of which is 365. 3. Rights on Liquidation In the event of the liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary, or any other BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 3 of 24

| distribution of assets of the Corporation among its shareholders for the purpose of winding-up its affairs, the Holders shall be entitled to receive $25.00 per Series 54 Preference Share, together with all accrued and unpaid Series 54 Dividends up to but excluding the date of payment or distribution (less any tax required to be deducted or withheld by the Corporation), before any amounts shall be paid or any assets of the Corporation distributed to the holders of any shares ranking junior as to capital to the Series 54 Preference Shares. Upon payment of such amounts, the Holders shall not be entitled to share in any further distribution of the assets of the Corporation. 4. Redemption at the Option of the Corporation The Corporation may not redeem any of the Series 54 Preference Shares prior to December 31, 2030. On December 31, 2030 and on December 31 every five years thereafter (each, a “Series 54 Conversion Date”), the Corporation may, subject to applicable law and to the provisions described under Section 6 below, upon giving notice as hereinafter provided, at its option, without the consent of the Holders redeem all, or any part, of the then outstanding Series 54 Preference Shares by the payment of an amount in cash for each Series 54 Preference Share so redeemed equal to $25.00 per Series 54 Preference Share, together with all accrued and unpaid Series 54 Dividends up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Corporation) (the “Redemption Price”). If less than all of the then outstanding Series 54 Preference Shares are at any time to be redeemed, then the particular Series 54 Preference Shares to be redeemed shall be selected on a pro rata basis disregarding fractions or, if the Series 54 Preference Shares are at such time listed on such exchange, with the consent of the Toronto Stock Exchange, in such manner as the Board of Directors in its sole discretion may, by resolution determine. The Corporation shall give notice in writing not less than 30 days nor more than 60 days prior to the applicable Series 54 Conversion Date of its intention to redeem such Series 54 Preference Shares, which notice may be subject to the satisfaction of conditions precedent, to each person who at the date of giving such notice is the Holder of Series 54 Preference Shares to be redeemed. Any such notice shall be validly and effectively given on the date on which it is sent and such notice shall be given and sent by posting the same in a postage paid envelope addressed to each Holder of Series 54 Preference Shares to be redeemed at the last address of such Holder as it appears on the securities register of the Corporation, or in the case of joint Holders, to the address of that one whose name appears first in the securities register of the Corporation as one of such joint Holders or, in the event of the address of any Holder not so appearing, then to the address of such Holder last known to the Corporation, provided that the accidental failure or omission to give any such notices as aforesaid to one or more of such Holders shall not affect the validity of the redemption as to the other Holders to be redeemed. Such notice shall set out the number of such Series 54 Preference Shares held by the person to whom it is addressed which are to be redeemed and the Redemption Price and shall also set out the date on which the redemption is to take place. On and after the date so specified for redemption, the Corporation shall pay or cause to be paid to the Holders to be redeemed the Redemption Price on presentation and surrender, at any place within Canada designated by such notice, of the certificate or certificates for such Series 54 Preference Shares so called for redemption, subject to the provisions of Section 14. Such payment shall be made by electronic funds transfer or cheque payable at par at any branch in Canada of the Corporation’s bankers for the time being or by any other reasonable means the Corporation deems desirable and shall be a full and complete discharge of the Corporation’s obligation to pay the Redemption Price owed to the Holders of Series 54 Preference Shares so called for redemption unless the cheque is not honoured when presented for payment. From and after the date specified in any such notice, the Series 54 Preference Shares called for redemption shall cease to be entitled to Series 54 Dividends and the Holders thereof shall not be entitled to exercise any of the rights of shareholders in respect thereof, except to receive the Redemption Price therefor, provided that if payment of the Redemption Price shall not be duly made by the Corporation on or before the redemption date, the Corporation shall forthwith thereafter return the Holder’s deposited share certificate or certificates to the Holder. At any time after notice of redemption is given as aforesaid, the Corporation shall have the right to deposit the Redemption Price of any or all Series 54 BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 4 of 24

| Preference Shares called for redemption (less any tax required to be deducted and withheld by the Corporation), or such part thereof as at the time of deposit has not been claimed by the Holders entitled thereto, with any chartered bank or banks or with any trust company or trust companies in Canada named in the notice of redemption to the credit of a special account or accounts in trust for the respective Holders of such shares, to be paid to them respectively upon surrender to such bank or banks or trust company or trust companies of the certificate or certificates representing the same, subject to the provisions of Section 14. Upon such deposit or deposits being made, such shares shall be deemed to be redeemed on the redemption date specified in the notice of redemption. After the Corporation has made a deposit as aforesaid with respect to any shares, the Holders thereof shall not, from and after the redemption date, be entitled to exercise any of the rights of shareholders in respect thereof and the rights of the Holders thereof shall be limited to receiving a proportion of the amounts so deposited applicable to such shares, without interest. Any interest allowed on such deposit shall belong to the Corporation. Subject to applicable law, redemption monies that are represented by a cheque which has not been presented to the Corporation’s bankers for payment or that otherwise remain unclaimed (including monies held in deposit as provided for above) for a period of two years from the date specified for redemption shall be forfeited to the Corporation. 5. Conversion of Series 54 Preference Shares 5.1 Conversion at the Option of the Holder (a) Holders of Series 54 Preference Shares will have the right, at their option, on each Series 54 Conversion Date, to convert, subject to the applicable law and the terms and provisions hereof, all or any part of the then outstanding Series 54 Preference Shares registered in the name of the Holder into Series 55 Preference Shares on the basis of one (1) Series 55 Preference Share for each Series 54 Preference Share. The Corporation will provide written notice not less than 30 and not more than 60 days prior to the applicable Series 54 Conversion Date to the Holders of the conversion privilege provided for herein (the “Conversion Privilege”). Such notice shall (i) set out the Series 54 Conversion Date, and (ii) include instructions to such Holders as to the method by which such Conversion Privilege may be exercised, as described in Section 5.3. On the 29th day prior to each Series 54 Conversion Date, the Corporation will provide to the Holders written notice of the Floating Quarterly Dividend Rate applicable to the Series 55 Preference Shares for the next succeeding Quarterly Floating Rate Period and the Annual Fixed Dividend Rate applicable to the Series 54 Preference Shares for the next succeeding Subsequent Fixed Rate Period, in each case as determined by the Corporation. (b) If the Corporation gives notice as provided in Section 4 to the Holders of the redemption of all the Series 54 Preference Shares, the Corporation will not be required to give notice as provided in this Section 5.1 to the Holders of the Floating Quarterly Dividend Rate, Annual Fixed Dividend Rate or Conversion Privilege and the right of any Holder of Series 54 Preference Shares to convert such Series 54 Preference Shares as herein provided will cease and terminate in that event. (c) Holders of Series 54 Preference Shares shall not be entitled to convert their shares into Series 55 Preference Shares on a Series 54 Conversion Date if the Corporation determines that there would remain outstanding on the Series 54 Conversion Date less than 1,000,000 Series 55 Preference Shares after taking into account all Series 54 Preference Shares tendered for conversion into Series 55 Preference Shares and all Series 55 Preference Shares tendered for conversion into Series 54 Preference Shares. The Corporation will give written notice thereof to all affected Holders of Series 54 Preference Shares at least seven (7) days prior to the applicable Series 54 Conversion Date and, subject to the provisions of Section 14, will issue and deliver, or cause to be delivered, prior to such Series 54 Conversion Date, at the expense of the Corporation, to such Holders of Series 54 Preference BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 5 of 24

| Shares, who have surrendered for conversion any endorsed certificate or certificates representing Series 54 Preference Shares, new certificates representing the Series 54 Preference Shares represented by any certificate or certificates surrendered as aforesaid. 5.2 Automatic Conversion If the Corporation determines that there would remain outstanding on a Series 54 Conversion Date less than 1,000,000 Series 54 Preference Shares after taking into account all Series 54 Preference Shares tendered for conversion into Series 55 Preference Shares and all Series 55 Preference Shares tendered for conversion into Series 54 Preference Shares, then, all, but not part, of the remaining outstanding Series 54 Preference Shares will automatically be converted into Series 55 Preference Shares on the basis of one (1) Series 55 Preference Share for each Series 54 Preference Share on the applicable Series 54 Conversion Date. The Corporation shall give notice in writing thereof to the Holders of such remaining Series 54 Preference Shares at least seven (7) days prior to the Series 54 Conversion Date. 5.3 Manner of Conversion (a) Subject to the provisions of Section 14, the Conversion Privilege may be exercised by notice in writing (an “Election Notice”) given not earlier than the 30th day prior to a Series 54 Conversion Date but not later than 5:00 p.m. (Toronto time) on the 15th day preceding the applicable Series 54 Conversion Date during usual business hours at any principal transfer office of the Transfer Agent, or such other place or places in Canada as the Corporation may agree, accompanied by (1) payment or evidence of payment of the tax (if any) payable as provided in this Section 5.3; and (2) the certificate or certificates representing the Series 54 Preference Shares in respect of which the Holder thereof desires to exercise the Conversion Privilege with the transfer form on the back thereof or other appropriate stock transfer power of attorney duly endorsed by the Holder, or his or her attorney duly authorized in writing, in which Election Notice such Holder may also elect to convert part only of the Series 54 Preference Shares represented by such certificate or certificates not theretofore called for redemption in which event the Corporation will issue and deliver or cause to be delivered to such Holder, at the expense of the Corporation, a new certificate representing the Series 54 Preference Shares represented by such certificate or certificates that have not been converted. Each Election Notice will be irrevocable once received by the Corporation. (b) If the Corporation does not receive an Election Notice from a Holder of Series 54 Preference Shares during the notice period therefor, then the Series 54 Preference Shares shall be deemed not to have been converted (except in the case of an automatic conversion pursuant to Section 5.2). (c) Subject to the provisions of Section 14, in the event the Corporation is required to convert all remaining outstanding Series 54 Preference Shares into Series 55 Preference Shares on the applicable Series 54 Conversion Date as provided for in Section 5.2, the Series 54 Preference Shares in respect of which the Holders have not previously elected to convert will be converted on the Series 54 Conversion Date into Series 55 Preference Shares and the Holders thereof will be deemed to be Holders of Series 55 Preference Shares at 5:00p.m. (Toronto time) on the Series 54 Conversion Date and will be entitled, upon surrender during usual business hours at any principal transfer office of the Transfer Agent, or such other place or places in Canada as the Corporation may agree, of the certificate or certificates representing Series 54 Preference Shares not previously surrendered for conversion, to receive a certificate or certificates representing the same number of Series 55 Preference Shares in the manner and subject to the terms and provisions as provided in this Section 5.3. BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 6 of 24

| (d) Subject to the provisions of Section 14, as promptly as practicable after the Series 54 Conversion Date, the Corporation will issue and deliver, or cause to be delivered to or upon the written order of the Holder of the Series 54 Preference Shares so surrendered in accordance with this Section 5, a certificate or certificates, issued in the name of, or in such name or names as may be directed by, such Holder representing the number of fully-paid and non-assessable Series 55 Preference Shares and the number of remaining Series 54 Preference Shares, if any, to which such Holder is entitled. Such conversion will be deemed to have been made at 5:00 p.m. (Toronto time) on the Series 54 Conversion Date, so that the rights of the Holder of such Series 54 Preference Shares as the Holder thereof will cease at such time and the person or persons entitled to receive the Series 55 Preference Shares upon such conversion will be treated for all purposes as having become the Holder or Holders of record of such Series 55 Preference Shares at such time. (e) The Holder of any Series 54 Preference Share on the record date for any Series 54 Dividends declared payable on such share will be entitled to such dividends notwithstanding that such share is converted into Series 55 Preference Shares after such record date and on or before the date of the payment of such dividend. (f) Subject to the provisions of Section 14, the issuance of certificates for the Series 55 Preference Shares upon the conversion of Series 54 Preference Shares will be made without charge to the converting Holders for any fee or tax in respect of the issuance of such certificates or the Series 55 Preference Shares represented thereby; provided, however, that the Corporation will not be required to pay any tax that may be imposed upon the person or persons to whom such Series 55 Preference Shares are issued in respect of the issuance of such Series 55 Preference Shares or the certificate therefor or any security transfer taxes, and the Corporation will not be required to issue or deliver a certificate or certificates in a name or names other than that of the Holder of the Series 55 Preference Shares converted unless the person or persons requesting the issuance thereof has paid to the Corporation the amount of any such security transfer tax or has established to the satisfaction of the Corporation that such tax has been paid. 5.4 Status of Converted Series 54 Preference Shares All Series 54 Preference Shares converted into Series 55 Preference Shares on a Series 54 Conversion Date shall not be cancelled but shall be restored to the status of authorized but unissued shares of the Corporation as at the close of business on the Series 54 Conversion Date and available for issuance on the conversion of the Series 55 Preference Shares. 5.5 Right Not to Deliver Series 54 Preference Shares On the exercise of the Conversion Privilege by a Holder of Series 54 Preference Shares, the Corporation reserves the right not to deliver Series 55 Preference Shares to any Ineligible Person. 6. Restrictions on Dividends and Retirement and Issue of Shares So long as any of the Series 54 Preference Shares are outstanding, the Corporation shall not, without the approval of the Holders: (a) declare, pay or set apart for payment any dividends (other than stock dividends payable in shares of the Corporation ranking as to capital and dividends junior to the Series 54 Preference Shares) on shares of the Corporation ranking as to dividends junior to the Series 54 Preference Shares; (b) except out of the net cash proceeds of a substantially concurrent issue of shares of the Corporation ranking as to return of capital and dividends junior to the Series 54 Preference Shares, redeem or call for redemption, purchase or otherwise pay off, retire or make any return of capital in respect of any shares of the Corporation ranking as to capital junior to the Series 54 Preference Shares; BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 7 of 24

| (c) redeem or call for redemption, purchase, or otherwise pay off or retire for value or make any return of capital in respect of less than all of the Series 54 Preference Shares then outstanding; or (d) except pursuant to any purchase obligation, sinking fund, retraction privilege or mandatory redemption provisions attaching thereto, redeem or call for redemption, purchase or otherwise pay off, retire or make any return of capital in respect of any ClassA Preference Shares, ranking as to the payment of dividends or return of capital on a parity with the Series 54 Preference Shares; unless, in each such case, all accrued and unpaid Series 54 Dividends up to and including the Series 54 Dividend payable for the last completed Dividend Period, and all accrued and unpaid dividends up to and including the dividend payable for the last completed period for which dividends were payable on all other shares of the Corporation ranking prior to or on a parity with the Series 54 Preference Shares with respect to the payment of dividends, have been declared and paid or set apart for payment. 7. Purchase for Cancellation Subject to applicable law and to the provisions described in Section 6, the Corporation may at any time purchase for cancellation the whole or any part of the Series 54 Preference Shares outstanding from time to time, in the open market through or from an investment dealer or any firm holding membership on a recognized stock exchange, or by private agreement or otherwise, at the lowest price or prices at which, in the opinion of the Board of Directors, such shares are obtainable. 8. Voting Rights The Holders will not (except as otherwise provided by law and except for meetings of the Holders of Class A Preference Shares as a class and meetings of the Holders as a series) be entitled to receive notice of, attend, or vote at any meeting of shareholders of the Corporation unless and until the Corporation shall have failed to pay eight quarterly Series 54 Dividends, whether or not consecutive and whether or not such dividends have been declared and whether or not there are any monies of the Corporation properly applicable to the payment of dividends. In the event of such nonpayment, and for only so long as any such dividends remain in arrears, the Holders will be entitled to receive notice of and to attend each meeting of shareholders of the Corporation (other than any meetings at which only holders of another specified class or series are entitled to vote) and such Holders shall have the right, at any such meeting, to one vote for each Series 54 Preference Share held, provided that in respect of the election of directors, Holders will vote with holders of Class A Limited Voting Shares and, in certain circumstances, with the holders of certain other series of the Class A Preference Shares only in the election of one-half of the Board of Directors (less the number of directors which the holders of the Class A Preference Shares, Series 2 may be entitled to elect if dividends on such shares are in arrears). No other voting rights shall attach to the Series 54 Preference Shares in any circumstances. Upon payment of the entire amount of all Series 54 Dividends in arrears, the voting rights of the Holders shall forthwith cease (unless and until the same default shall again arise under the provisions of this Section 8). 9. Modifications The provisions attaching to the Series 54 Preference Shares as a series may be repealed, altered, modified or amended from time to time with such approval as may then be required by the Business Corporations Act (Ontario), any such approval to be given in accordance with Section 10. 10. Approval of Holders of Series 54 Preference Shares 10.1 Approval BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 8 of 24

| Except as otherwise provided herein, any approval of the Holders with respect to any matters requiring the consent of the Holders may be given in such manner required by law, subject to a minimum requirement that such approval be given by a resolution signed by all the Holders of Series 54 Preference Shares or passed by the affirmative vote of at least 66⅔% of the votes cast by the Holders of Series 54 Preference Shares who voted in respect of that resolution at a meeting of the Holders duly called for that purpose and at which the Holders of at least 25% of the outstanding Series 54 Preference Shares are present or represented by proxy. If at any such meeting the Holder(s) of at least 25% of the then outstanding Series 54 Preference Shares are not present or represented by proxy within one-half hour after the time appointed for such meeting, then the meeting shall be adjourned to such date not less than five (5) days thereafter and to such time and place as may be designated by the chairman of such meeting, and no notice need be given of such adjourned meeting. At such adjourned meeting, the Holders(s) of Series 54 Preference Shares represented in person or by proxy may transact the business for which the meeting was originally called and the Holders of Series 54 Preference Shares then represented in person or by proxy shall form the necessary quorum. At any meeting of Holders of Series 54 Preference Shares as a series, each such Holder shall be entitled to one vote in respect of each Series 54 Preference Share held. 10.2 Formalities, etc. The proxy rules applicable to, the formalities to be observed in respect of the giving notice of, and the formalities to be observed in respect of the conduct of, any meeting or any adjourned meeting of Holders shall be those from time to time prescribed by the bylaws of the Corporation with respect to meetings of shareholders or, if not so prescribed, as required by law. On every poll taken at every meeting of Holders of Series 54 Preference Shares, each such Holder entitled to vote thereat shall be entitled to one vote in respect of each Series 54 Preference Share held. 11. Tax Election The Corporation shall elect, in the manner and within the time provided under the Tax Act, under subsection 191.2(1) of Part VI.1 of the Tax Act, or any successor or replacement provision of similar effect, and take all other necessary action under the Tax Act, to pay or cause payment of the tax under Part VI.1 of the Tax Act at a rate such that the corporate Holders will not be required to pay tax on dividends received on the Series 54 Preference Shares under Section 187.2 of Part IV.1 of the Tax Act or any successor or replacement provision of similar effect. 12. Notices (a) If the Board of Directors determines that mail service is or is threatened to be interrupted at the time when the Corporation is required or elects to give any notice hereunder by mail, or is required to send any cheque or any share certificate to a Holder of Series 54 Preference Shares, whether in connection with the redemption or conversion of such share or otherwise, the Corporation may, notwithstanding the provisions hereof: (i) give such notice by publication thereof once in a daily English language newspaper of general circulation published in each of Vancouver, Calgary, Winnipeg, Toronto, Montreal and Halifax, and once in a daily French language newspaper published in Montreal and such notice shall be deemed to have been validly given on the day next succeeding its publication in all of such cities; and (ii) fulfill the requirement to send such cheque or such share certificate by arranging for the delivery thereof to such Holder by the Transfer Agent at its principal offices in the cities of Vancouver, Toronto and Montreal, and such cheque and/or share certificate shall be deemed to have been sent on the date on which notice of such arrangement shall have been given as provided in (a) above, provided that as soon as the Board of Directors determines that mail service is no longer interrupted or threatened to be interrupted, such cheque or share certificate, if not theretofore delivered to such Holder, shall be sent by mail BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 9 of 24

| as herein provided. In the event that the Corporation is required to mail such cheque or share certificate, such mailing shall be made by prepaid mail to the registered address of each person who at the date of mailing is a registered Holder and who is entitled to receive such cheque or share certificate. (b) Any notice, cheque, invitation for tenders or other communication from the Corporation herein provided for shall be sufficiently given if delivered or if sent by first class unregistered mail, postage prepaid, to the Holders at their respective addresses appearing on the books of the Corporation or, in the event of the address of any of such Holders not so appearing, then at the last address of such Holder known to the Corporation. Accidental failure to give such notice, invitation for tenders or other communication to one or more Holders shall not affect the validity of the notices, invitations for tenders or other communications properly given or any action taken pursuant to such notice, invitation for tender or other communication but, upon such failure being discovered, the notice, invitation for tenders or other communication, as the case may be, shall be sent forthwith to such Holder or Holders. (c) If any notice, cheque, invitation for tenders or other communication from the Corporation given to a Holder of Series 54 Preference Shares pursuant to paragraph (b) is returned on three consecutive occasions because the Holder cannot be found, the Corporation shall not be required to give or mail any further notices, cheques, invitations for tenders or other communications to such shareholder until the Holder informs the Corporation in writing of such Holder’s new address. 13. Interpretation 13.1 Definitions For the purposes hereof, the following capitalized terms shall have the following meanings, unless the context otherwise requires: “Annual Fixed Dividend Rate” means, for any Subsequent Fixed Rate Period, the rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the greater of: (i) the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 2.80%, and (ii) 5.65%. “Bloomberg Screen GCAN5YR Page” means the display designated as page “GCAN5YR<INDEX>” on the Bloomberg Financial L.P. service (or such other page as may replace the GCAN5YR page on that service) for purposes of displaying Government of Canada bond yields. “Board of Directors” means the board of directors of the Corporation. “Book-Entry System” means the record entry securities transfer and pledge system administered by the Depository in accordance with its operating rules and procedures in force from time to time or any successor system thereof. “Business Day” means a day other than a Saturday, a Sunday or any other day that is treated as a holiday in the province of Ontario. “Conversion Privilege” has the meaning attributed to it in Section 5.1(a). “Depository” means CDS Clearing and Depository Services Inc. and its nominees or any successor carrying on the business as a depository, which is approved by the Corporation. “Dividend Payment Date” in respect of the dividends payable on the Series 54 Preference Shares means the last day of each of March, June, September and December in each year. “Dividend Period” means the period from and including the Issue Date up to and including March 31, 2026 and, thereafter, the BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 10 of 24

| period from the date following a Dividend Payment Date up to and including the next succeeding Dividend Payment Date. “Election Notice” has the meaning attributed to it in Section 5.3(a). “Fixed Rate Calculation Date” means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period. “Floating Quarterly Dividend Rate” means, for any Quarterly Floating Rate Period, the rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the T-Bill Rate on the applicable Floating Rate Calculation Date plus 2.80% calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365. “Floating Rate Calculation Date” means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period. “Government of Canada Yield” on any date means the yield to maturity on such date (assuming semi-annual compounding) of a Canadian dollar denominated non-callable Government of Canada bond with a term to maturity of five years as quoted as of 10:00 a.m. (Toronto time) on such date and which appears on the Bloomberg Screen GCAN5YR Page on such date; provided that, if such rate does not appear on the Bloomberg Screen GCAN5YR Page on such date, the Government of Canada Yield will mean the average of the yields determined by two registered Canadian investment dealers selected by the Corporation, as being the yield to maturity on such date (assuming semi-annual compounding) which a Canadian dollar denominated non-callable Government of Canada bond would carry if issued in Canadian dollars at 100% of its principal amount on such date with a term to maturity of five years. “Holder” has the meaning attributed to it in Section 2.1. “Ineligible Person” means any person whose address is in, or whom the Corporation or the Transfer Agent for the Series 54 Preference Shares has reason to believe is a resident of, any jurisdiction outside Canada where the issue or delivery to that person of Series 54 Preference Shares or Series 55 Preference Shares would require the Corporation to take any action to comply with securities or analogous laws of that jurisdiction. “Initial Dividend Period” has the meaning ascribed thereto in Section 2.2(a). “Initial Fixed Dividend Rate” means 5.65% per annum. “Initial Fixed Rate Period” means the period commencing on the Issue Date and ending on and including December 31, 2030. “Issue Date” means the date on which Series 54 Preference Shares are first issued. “Quarterly Commencement Date” means the 1st day of each of April, July, October and January in each year. “Quarterly Floating Rate Period” means, for the initial Quarterly Floating Rate Period, the period commencing on January 1, 2031 and ending on and including March 31, 2031, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date. “Redemption Price” has the meaning attributed to it in Section 4. “Series 54 Conversion Date” has the meaning attributed to it in Section 4. “Series 54 Dividends” has the meaning attributed to it in Section 2.1. BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 11 of 24

| “Series 54 Preference Shares” has the meaning attributed to it in the introductory paragraph to these Series 54 Preference Shares Provisions. “Series 55 Preference Shares” means the Cumulative Class A Preference Shares, Series 55. “Series 54 Preference Share Provisions” has the meaning attributed to it in the introductory paragraph to these terms and conditions. “Subsequent Fixed Rate Period” means for the initial Subsequent Fixed Rate Period, the period commencing on January 1, 2031 and ending on and including December 31, 2035 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including December 31 in the fifth year thereafter. “Tax Act” means the Income Tax Act (Canada). “T-Bill Rate” means, for any Quarterly Floating Rate Period, the average yield expressed as a percentage per annum on three-month Government of Canada Treasury Bills, as reported by the Bank of Canada, for the most recent treasury bills auction preceding the applicable Floating Rate Calculation Date. “Transfer Agent” means TSX Trust Company, a trust company existing under the laws of Canada, or such other person as from time to time may be the registrar and transfer agent for the Series 54 Preference Shares. 13.2 Interpretation of terms In the provisions herein contained attaching to the Series 54 Preference Shares: (a) “accrued and unpaid Series 54 Dividends” means the aggregate of (i) all unpaid Series 54 Dividends for any completed Dividend Period; and (ii) a cash amount calculated as though Series 54 Dividends had been accruing on a day to day basis from but excluding the date on which the last quarterly dividend was payable up to and including the date to which the computation of accrued dividends is to be made; provided in the case of each of (i) and (ii), no amount shall be included in the accrued and unpaid Series 54 Dividends that would result in the duplication in payment by the Corporation of the amount of any dividend on the Series 54 Preference Shares; (b) “prior to”, “on a parity with” and “junior to” have reference to the order of priority in payment of dividends and in the distribution of assets in the event of any liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary, or other distribution of the assets of the Corporation among its shareholders for the purpose of winding-up its affairs; (c) in the event that any date on which any Series 54 Dividend is payable by the Corporation, or any date on or by which any other action is required to be taken by the Corporation or the Holders hereunder, is not a Business Day (as defined above), then such dividend shall be payable, or such other action shall be required to be taken, on or by the next succeeding day that is a Business Day; (d) in the event of the non-receipt of a cheque by a Holder of Series 54 Preference Shares entitled to the cheque, or the loss or destruction of the cheque, the Corporation, on being furnished with reasonable evidence of non-receipt, loss or destruction, and an indemnity reasonably satisfactory to the Corporation, will issue to the Holder a replacement cheque for the amount of the original cheque; (e) the Corporation will be entitled to deduct or withhold from any amount payable to a Holder of Series 54 Preference Shares under these Series 54 Preference Shares Provisions any amount required by law to be deducted or withheld from that payment; BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 12 of 24

| (f) reference to any statute is to that statute as in force from time to time, including any regulations, rules, policy statements or guidelines made under that statute, and includes any statute which may be enacted in substitution of that statute; (g) if it is necessary to convert any amount into Canadian dollars, the Board of Directors will select an appropriate method and rate of exchange to convert any non-Canadian currency into Canadian dollars; and (h) all references herein to a Holder of Series 54 Preference Shares shall be interpreted as referring to a registered Holder of the Series 54 Preference Shares. 14. Book-Entry Only System 14.1 Transfers etc. Through Participants If the Series 54 Preference Shares are held through the Book-Entry System then the beneficial owner thereof shall provide instructions with respect to Series 54 Preference Shares only to the Depository participant through whom such beneficial owner holds such Series 54 Preference Shares and registrations of ownership, transfers, purchases, surrenders and exchanges of Series 54 Preference Shares will be made only through the Book-Entry System. Beneficial owners of Series 54 Preference Shares will not have the right to receive share certificates representing their ownership of the Series 54 Preference Shares. 14.2 Depository is Registered Holder For the purposes of these Series 54 Preference Share Provisions, as long as the Depository, or its nominee, is the registered Holder of the Series 54 Preference Shares, the Depository, or its nominee, as the case may be, will be considered the sole Holder of the Series 54 Preference Shares for the purpose of receiving notices or payments on or in respect of the Series 54 Preference Shares, including payments of Series 54 Dividends, the Redemption Price or accrued and unpaid Series 54 Dividends, and the delivery of Series 55 Preference Shares and certificates for those shares on the conversion into Series 55 Preference Shares. Schedule B Brookfield Corporation (the “Corporation”) Number and Designation of and Rights, Privileges, Restrictions and Conditions Attaching to the Cumulative Class A Preference Shares, Series 55 The fifty-fifth series of Class A Preference Shares of the Corporation shall consist of 10,000,000 Class A Preference Shares designated as Cumulative Class A Preference Shares, Series 55 (the “Series 55 Preference Shares”) and, in addition to the rights, privileges, restrictions and conditions attaching to the Class A Preference Shares as a class, shall have attached thereto the following rights, privileges, restrictions and conditions (the “Series 55 Preference Share Provisions”): 1. Consideration for Issue The consideration for the issue of each Series 55 Preference Share shall be $25.00 or its equivalent in property or past services. 2. Dividends 2.1 Cumulative Preferential Dividends The holders of the then outstanding Series 55 Preference Shares (the “Holders”) shall be entitled to receive, and the Corporation shall pay thereon, as and when declared by the Board of Directors, out of moneys of the Corporation properly applicable to the BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 13 of 24

| payment of dividends, cumulative preferential cash dividends (the “Series 55 Dividends”) payable quarterly at the rates and times herein provided by cheque at par in lawful money of Canada at any branch in Canada of the Corporation’s bankers for the time being or by any other reasonable means the Corporation deems desirable. (a) During each Quarterly Floating Rate Period, Series 55 Dividends payable on the Series 55 Preference Shares will be in an amount per share determined by multiplying the Floating Quarterly Dividend Rate applicable to such Quarterly Floating Rate Period by $25.00, and shall be payable quarterly on each Dividend Payment Date during such Quarterly Floating Rate Period. (b) In respect of each Quarterly Floating Rate Period, the Corporation will calculate on each Floating Rate Calculation Date the Floating Quarterly Dividend Rate for such Quarterly Floating Rate Period and will, on the Floating Rate Calculation Date, give written notice thereof to the Holders. Each such determination by the Corporation of the Floating Quarterly Dividend Rate will, in the absence of manifest error, be final and binding upon the Corporation and upon all Holders of Series 55 Preference Shares. (c) If on any Dividend Payment Date, the Series 55 Dividends accrued to such date are not paid in full on all of the Series 55 Preference Shares then outstanding, such Series 55 Dividends, or the unpaid part thereof, shall be paid on a subsequent date or dates determined by the Board of Directors on which the Corporation shall have sufficient monies properly applicable to the payment of such Series 55 Dividends. (d) The Holders shall not be entitled to any dividends other than or in excess of the Series 55 Dividends. Series 55 Dividends shall (except in case of redemption or conversion in which case payment of Series 55 Dividends shall, subject to the provisions of Section 14, be made on surrender of the certificate representing the Series 55 Preference Shares to be redeemed or converted) be paid by electronic funds transfer or by posting in a postage paid envelope addressed to each Holder at the last address of such Holder as it appears on the securities register of the Corporation or, in the case of joint Holders, to the address of that one whose name appears first in the securities register of the Corporation as one of such joint Holders, or, in the event of the address of any Holder not so appearing, then to the address of such Holder last known to the Corporation, a cheque for such Series 55 Dividends (less any tax required to be deducted) payable to the order of such Holder or, in the case of joint Holders, to the order of all such Holders failing written instructions from them to the contrary. Notwithstanding the foregoing, any dividend cheque may be delivered by the Corporation to a Holder at his address as aforesaid. Such electronic funds transfer or the posting or delivery of such cheque on or before the date on which such dividend is to be paid to a Holder shall be deemed to be payment and shall satisfy and discharge all liabilities for the payment of such dividends to the extent of the sum represented thereby (plus the amount of any tax required to be deducted as aforesaid) unless such cheque is not paid on due presentation. Subject to applicable law, dividends which are represented by a cheque which has not been presented to the Corporation’s bankers for payment or that otherwise remain unclaimed for a period of two years from the date on which they were declared to be payable shall be forfeited to the Corporation. 2.2 Dividend for Other than a Full Quarterly Floating Rate Period The Holders shall be entitled to receive, and the Corporation shall pay thereon, if, as and when declared by the Board of Directors, out of moneys of the Corporation properly applicable to the payment of dividends, Series 55 Dividends for any period which is less than a full Quarterly Floating Rate Period as follows. In respect of any period that is less than a full Quarterly Floating Rate Period, a dividend in an amount per Series 55 Preference Share equal to the amount obtained (rounded to four decimal places) when the product of the Floating Quarterly Dividend Rate and $25.00 is multiplied by a fraction, the numerator of which is the number of calendar days elapsed in the relevant period and the denominator of which is the number of calendar days in the Quarterly Floating Rate Period in which such period falls. 3. Rights on Liquidation In the event of the liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary, or any other distribution of assets of the Corporation among its shareholders for the purpose of winding-up its affairs, the Holders shall be BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 14 of 24

| entitled to receive $25.00 per Series 55 Preference Share, together with all accrued and unpaid Series 55 Dividends up to but excluding the date of payment or distribution (less any tax required to be deducted or withheld by the Corporation), before any amounts shall be paid or any assets of the Corporation distributed to the holders of any shares ranking junior as to capital to the Series 55 Preference Shares. Upon payment of such amounts, the Holders shall not be entitled to share in any further distribution of the assets of the Corporation. 4. Redemption at the Option of the Corporation The Corporation may not redeem any of the Series 55 Preference Shares prior to December 31, 2030. Thereafter, the Corporation may, subject to applicable law and to the provisions described under Section 6 below, upon giving notice as hereinafter provided, at its option, at any time without the consent of the Holders redeem all, or from time to time any part, of the then outstanding Series 55 Preference Shares by the payment of an amount in cash for each Series 55 Preference Share so redeemed equal to (i) in the case of redemptions on December 31, 2035 and on December 31 every five years thereafter (each a “Series 55 Conversion Date”), $25.00, or (ii) $25.50 in the case of redemptions on any date which is not a Series 55 Conversion Date on or after December 31, 2030, in each case including all accrued and unpaid Series 55 Dividends up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Corporation) (the “Redemption Price”). If less than all of the then outstanding Series 55 Preference Shares are at any time to be redeemed, then the particular Series 55 Preference Shares to be redeemed shall be selected on a pro rata basis disregarding fractions or, if the Series 55 Preference Shares are at such time listed on such exchange, with the consent of the Toronto Stock Exchange, in such manner as the Board of Directors in its sole discretion may, by resolution determine. The Corporation shall give notice in writing not less than 30 days nor more than 60 days prior to the applicable Series 55 Conversion Date or such other date on which the Series 55 Preference Shares are to be redeemed of its intention to redeem such Series 55 Preference Shares, which notice may be subject to the satisfaction of conditions precedent, to each person who at the date of giving such notice is the Holder of Series 55 Preference Shares to be redeemed. Any such notice shall be validly and effectively given on the date on which it is sent and such notice shall be given and sent by posting the same in a postage paid envelope addressed to each Holder of Series 55 Preference Shares to be redeemed at the last address of such Holder as it appears on the securities register of the Corporation, or in the case of joint Holders, to the address of that one whose name appears first in the securities register of the Corporation as one of such joint Holders or, in the event of the address of any Holder not so appearing, then to the address of such Holder last known to the Corporation, provided that the accidental failure or omission to give any such notices as aforesaid to one or more of such Holders shall not affect the validity of the redemption as to the other Holders to be redeemed. Such notice shall set out the number of such Series 55 Preference Shares held by the person to whom it is addressed which are to be redeemed and the Redemption Price and shall also set out the date on which the redemption is to take place. On and after the date so specified for redemption, the Corporation shall pay or cause to be paid to the Holders to be redeemed the Redemption Price on presentation and surrender, at any place within Canada designated by such notice, of the certificate or certificates for such Series 55 Preference Shares so called for redemption, subject to the provisions of Section 14. Such payment shall be made by electronic funds transfer or cheque payable at par at any branch in Canada of the Corporation’s bankers for the time being or by any other reasonable means the Corporation deems desirable and shall be a full and complete discharge of the Corporation’s obligation to pay the Redemption Price owed to the Holders of Series 55 Preference Shares so called for redemption unless the cheque is not honoured when presented for payment. From and after the date specified in any such notice, the Series 55 Preference Shares called for redemption shall cease to be entitled to Series 55 Dividends and the Holders thereof shall not be entitled to exercise any of the rights of shareholders in respect thereof, except to receive the Redemption Price therefor, provided that if payment of the Redemption Price shall not be duly made by the Corporation on or before the redemption date, the Corporation shall forthwith thereafter return the Holder’s deposited share certificate or certificates to the Holder. At any time after notice of redemption is given as aforesaid, the Corporation shall have BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 15 of 24

| the right to deposit the Redemption Price of any or all Series 55 Preference Shares called for redemption (less any tax required to be deducted and withheld by the Corporation), or such part thereof as at the time of deposit has not been claimed by the Holders entitled thereto, with any chartered bank or banks or with any trust company or trust companies in Canada named in the notice of redemption to the credit of a special account or accounts in trust for the respective Holders of such shares, to be paid to them respectively upon surrender to such bank or banks or trust company or trust companies of the certificate or certificates representing the same, subject to the provisions of Section 14. Upon such deposit or deposits being made, such shares shall be deemed to be redeemed on the redemption date specified in the notice of redemption. After the Corporation has made a deposit as aforesaid with respect to any shares, the Holders thereof shall not, from and after the redemption date, be entitled to exercise any of the rights of shareholders in respect thereof and the rights of the Holders thereof shall be limited to receiving a proportion of the amounts so deposited applicable to such shares, without interest. Any interest allowed on such deposit shall belong to the Corporation. Subject to applicable law, redemption monies that are represented by a cheque which has not been presented to the Corporation’s bankers for payment or that otherwise remain unclaimed (including monies held in deposit as provided for above) for a period of two years from the date specified for redemption shall be forfeited to the Corporation. 5. Conversion of Series 55 Preference Shares 5.1 Conversion at the Option of the Holder (a) Holders of Series 55 Preference Shares will have the right, at their option, on each Series 55 Conversion Date, to convert, subject to the applicable law and the terms and provisions hereof, all or any part of the then outstanding Series 55 Preference Shares registered in the name of the Holder into Series 54 Preference Shares on the basis of one (1) Series 54 Preference Share for each Series 55 Preference Share. The Corporation will provide written notice not less than 30 and not more than 60 days prior to the applicable Series 55 Conversion Date to the Holders of the conversion privilege provided for herein (the “Conversion Privilege”). Such notice shall (i) set out the Series 55 Conversion Date, and (ii) include instructions to such Holders as to the method by which such Conversion Privilege may be exercised, as described in Section 5.3. On the 29th day prior to each Series 55 Conversion Date, the Corporation will provide to the Holders written notice of the Floating Quarterly Dividend Rate applicable to the Series 55 Preference Shares for the next succeeding Quarterly Floating Rate Period and the Annual Fixed Dividend Rate applicable to the Series 54 Preference Shares for the next succeeding Subsequent Fixed Rate Period, in each case as determined by the Corporation. (b) If the Corporation gives notice as provided in Section 4 to the Holders of the redemption of all the Series 55 Preference Shares, the Corporation will not be required to give notice as provided in this Section 5.1 to the Holders of the Floating Quarterly Dividend Rate, Annual Fixed Dividend Rate or Conversion Privilege and the right of any Holder of Series 55 Preference Shares to convert such Series 55 Preference Shares as herein provided will cease and terminate in that event. (c) Holders of Series 55 Preference Shares shall not be entitled to convert their shares into Series 54 Preference Shares on a Series 55 Conversion Date if the Corporation determines that there would remain outstanding on the Series 55 Conversion Date less than 1,000,000 Series 54 Preference Shares after taking into account all Series 55 Preference Shares tendered for conversion into Series 54 Preference Shares and all Series 54 Preference Shares tendered for conversion into Series 55 Preference Shares. The Corporation will give written notice thereof to all affected Holders of Series 55 Preference Shares at least seven (7) days prior to the applicable Series 55 Conversion Date and, subject to the provisions of Section 14, will issue and deliver, or cause to be delivered, prior to such Series 55 Conversion Date, at the expense of the Corporation, to such Holders of Series 55 Preference Shares, who have surrendered for conversion any endorsed certificate or certificates representing Series 55 Preference Shares, BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 16 of 24

| new certificates representing the Series 55 Preference Shares represented by any certificate or certificates surrendered as aforesaid. 5.2 Automatic Conversion If the Corporation determines that there would remain outstanding on a Series 55 Conversion Date less than 1,000,000 Series 55 Preference Shares after taking into account all Series 55 Preference Shares tendered for conversion into Series 54 Preference Shares and all Series 54 Preference Shares tendered for conversion into Series 55 Preference Shares, then, all, but not part, of the remaining outstanding Series 55 Preference Shares will automatically be converted into Series 54 Preference Shares on the basis of one (1) Series 54 Preference Share for each Series 55 Preference Share on the applicable Series 55 Conversion Date. The Corporation shall give notice in writing thereof to the Holders of such remaining Series 55 Preference Shares at least seven (7) days prior to the Series 55 Conversion Date. 5.3 Manner of Conversion Subject to the provisions of Section 14, the Conversion Privilege may be exercised by notice in writing (an “Election Notice”) given not earlier than the 30th day prior to a Series 55 Conversion Date but not later than 5:00 p.m. (Toronto time) on the 15th day preceding the applicable Series 55 Conversion Date during usual business hours at any principal transfer office of the Transfer Agent, or such other place or places in Canada as the Corporation may agree, accompanied by (1) payment or evidence of payment of the tax (if any) payable as provided in this Section 5.3; and (2) the certificate or certificates representing the Series 55 Preference Shares in respect of which the Holder thereof desires to exercise the Conversion Privilege with the transfer form on the back thereof or other appropriate stock transfer power of attorney duly endorsed by the Holder, or his or her attorney duly authorized in writing, in which Election Notice such Holder may also elect to convert part only of the Series 55 Preference Shares represented by such certificate or certificates not theretofore called for redemption in which event the Corporation will issue and deliver or cause to be delivered to such Holder, at the expense of the Corporation, a new certificate representing the Series 55 Preference Shares represented by such certificate or certificates that have not been converted. Each Election Notice will be irrevocable once received by the Corporation. (b) If the Corporation does not receive an Election Notice from a Holder of Series 55 Preference Shares during the notice period therefor, then the Series 55 Preference Shares shall be deemed not to have been converted (except in the case of an automatic conversion pursuant to Section 5.2). (c) Subject to the provisions of Section 14, in the event the Corporation is required to convert all remaining outstanding Series 55 Preference Shares into Series 54 Preference Shares on the applicable Series 55 Conversion Date as provided for in Section 5.2, the Series 55 Preference Shares in respect of which the Holders have not previously elected to convert will be converted on the Series 55 Conversion Date into Series 54 Preference Shares and the Holders thereof will be deemed to be Holders of Series 54 Preference Shares at 5:00 p.m. (Toronto time) on the Series 55 Conversion Date and will be entitled, upon surrender during usual business hours at any principal transfer office of the Transfer Agent, or such other place or places in Canada as the Corporation may agree, of the certificate or certificates representing Series 55 Preference Shares not previously surrendered for conversion, to receive a certificate or certificates representing the same number of Series 54 Preference Shares in the manner and subject to the terms and provisions as provided in this Section 5.3. (d) Subject to the provisions of Section 14, as promptly as practicable after the Series 55 Conversion Date, the Corporation will issue and deliver, or cause to be delivered to or upon the written order of the Holder of the Series 55 Preference Shares so surrendered in accordance with this Section 5, a certificate or certificates, issued in the name of, or in such name or names as BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 17 of 24

| may be directed by, such Holder representing the number of fully-paid and non-assessable Series 54 Preference Shares and the number of remaining Series 55 Preference Shares, if any, to which such Holder is entitled. Such conversion will be deemed to have been made at 5:00 p.m. (Toronto time) on the Series 55 Conversion Date, so that the rights of the Holder of such Series 55 Preference Shares as the Holder thereof will cease at such time and the person or persons entitled to receive the Series 54 Preference Shares upon such conversion will be treated for all purposes as having become the Holder or Holders of record of such Series 54 Preference Shares at such time. (e) The Holder of any Series 55 Preference Share on the record date for any Series 55 Dividends declared payable on such share will be entitled to such dividends notwithstanding that such share is converted into Series 54 Preference Shares after such record date and on or before the date of the payment of such dividend. (f) Subject to the provisions of Section 14, the issuance of certificates for the Series 54 Preference Shares upon the conversion of Series 55 Preference Shares will be made without charge to the converting Holders for any fee or tax in respect of the issuance of such certificates or the Series 54 Preference Shares represented thereby; provided, however, that the Corporation will not be required to pay any tax that may be imposed upon the person or persons to whom such Series 54 Preference Shares are issued in respect of the issuance of such Series 54 Preference Shares or the certificate therefor or any security transfer taxes, and the Corporation will not be required to issue or deliver a certificate or certificates in a name or names other than that of the Holder of the Series 54 Preference Shares converted unless the person or persons requesting the issuance thereof has paid to the Corporation the amount of any such security transfer tax or has established to the satisfaction of the Corporation that such tax has been paid. 5.4 Status of Converted Series 55 Preference Shares All Series 55 Preference Shares converted into Series 54 Preference Shares on a Series 55 Conversion Date shall not be cancelled but shall be restored to the status of authorized but unissued shares of the Corporation as at the close of business on the Series 55 Conversion Date and available for issuance on the conversion of the Series 54 Preference Shares. 5.5 Right Not to Deliver Series 55 Preference Shares On the exercise of the Conversion Privilege by a Holder of Series 55 Preference Shares, the Corporation reserves the right not to deliver Series 54 Preference Shares to any Ineligible Person. 6. Restrictions on Dividends and Retirement and Issue of Shares So long as any of the Series 55 Preference Shares are outstanding, the Corporation shall not, without the approval of the Holders: (a) declare, pay or set apart for payment any dividends (other than stock dividends payable in shares of the Corporation ranking as to capital and dividends junior to the Series 55 Preference Shares) on shares of the Corporation ranking as to dividends junior to the Series 55 Preference Shares; (b) except out of the net cash proceeds of a substantially concurrent issue of shares of the Corporation ranking as to return of capital and dividends junior to the Series 55 Preference Shares, redeem or call for redemption, purchase or otherwise pay off, retire or make any return of capital in respect of any shares of the Corporation ranking as to capital junior to the Series 55 Preference Shares; (c) redeem or call for redemption, purchase, or otherwise pay off or retire for value or make any return of capital in respect of less than all of the Series 55 Preference Shares then outstanding; or BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 18 of 24

| (d) except pursuant to any purchase obligation, sinking fund, retraction privilege or mandatory redemption provisions attaching thereto, redeem or call for redemption, purchase or otherwise pay off, retire or make any return of capital in respect of any Class A Preference Shares, ranking as to the payment of dividends or return of capital on a parity with the Series 55 Preference Shares; unless, in each such case, all accrued and unpaid Series 55 Dividends up to and including the Series 55 Dividend payable for the last completed Quarterly Floating Rate Period, and all accrued and unpaid dividends up to and including the dividend payable for the last completed period for which dividends were payable on all other shares of the Corporation ranking prior to or on a parity with the Series 55 Preference Shares with respect to the payment of dividends, have been declared and paid or set apart for payment. 7. Purchase for Cancellation Subject to applicable law and to the provisions described in Section 6, the Corporation may at any time purchase for cancellation the whole or any part of the Series 55 Preference Shares outstanding from time to time, in the open market through or from an investment dealer or any firm holding membership on a recognized stock exchange, or by private agreement or otherwise, at the lowest price or prices at which, in the opinion of the Board of Directors, such shares are obtainable. 8. Voting Rights The Holders will not (except as otherwise provided by law and except for meetings of the Holders of Class A Preference Shares as a class and meetings of the Holders as a series) be entitled to receive notice of, attend, or vote at any meeting of shareholders of the Corporation unless and until the Corporation shall have failed to pay eight quarterly Series 55 Dividends, whether or not consecutive and whether or not such dividends have been declared and whether or not there are any monies of the Corporation properly applicable to the payment of dividends. In the event of such non-payment, and for only so long as any such dividends remain in arrears, the Holders will be entitled to receive notice of and to attend each meeting of shareholders of the Corporation (other than any meetings at which only holders of another specified class or series are entitled to vote) and such Holders shall have the right, at any such meeting, to one vote for each Series 55 Preference Share held, provided that in respect of the election of directors, Holders will vote with holders of Class A Limited Voting Shares and, in certain circumstances, with the holders of certain other series of the Class A Preference Shares only in the election of one-half of the Board of Directors (less the number of directors which the holders of the Class A Preference Shares, Series 2 may be entitled to elect if dividends on such shares are in arrears). No other voting rights shall attach to the Series 55 Preference Shares in any circumstances. Upon payment of the entire amount of all Series 55 Dividends in arrears, the voting rights of the Holders shall forthwith cease (unless and until the same default shall again arise under the provisions of this Section 8). 9. Modifications The provisions attaching to the Series 55 Preference Shares as a series may be repealed, altered, modified or amended from time to time with such approval as may then be required by the Business Corporations Act (Ontario), any such approval to be given in accordance with Section 10. 10. Approval of Holders of Series 55 Preference Shares 10.1 Approval Except as otherwise provided herein, any approval of the Holders with respect to any matters requiring the consent of the Holders may be given in such manner required by law, subject to a minimum requirement that such approval be given by a resolution signed by all the Holders of Series 55 Preference Shares or passed by the affirmative vote of at least 66⅔% of the BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 19 of 24

| votes cast by the Holders of Series 55 Preference Shares who voted in respect of that resolution at a meeting of the Holders duly called for that purpose and at which the Holders of at least 25% of the outstanding Series 55 Preference Shares are present or represented by proxy. If at any such meeting the Holder(s) of at least 25% of the then outstanding Series 55 Preference Shares are not present or represented by proxy within one-half hour after the time appointed for such meeting, then the meeting shall be adjourned to such date not less than five (5) days thereafter and to such time and place as may be designated by the chairman of such meeting, and no notice need be given of such adjourned meeting. At such adjourned meeting, the Holders(s) of Series 55 Preference Shares represented in person or by proxy may transact the business for which the meeting was originally called and the Holders of Series 55 Preference Shares then represented in person or by proxy shall form the necessary quorum. At any meeting of Holders of Series 55 Preference Shares as a series, each such Holder shall be entitled to one vote in respect of each Series 55 Preference Share held. 10.2 Formalities, etc. The proxy rules applicable to, the formalities to be observed in respect of the giving notice of, and the formalities to be observed in respect of the conduct of, any meeting or any adjourned meeting of Holders shall be those from time to time prescribed by the by-laws of the Corporation with respect to meetings of shareholders or, if not so prescribed, as required by law. On every poll taken at every meeting of Holders of Series 55 Preference Shares, each such Holder entitled to vote thereat shall be entitled to one vote in respect of each Series 55 Preference Share held. 11. Tax Election The Corporation shall elect, in the manner and within the time provided under the Tax Act, under subsection 191.2(1) of Part VI.1 of the Tax Act, or any successor or replacement provision of similar effect, and take all other necessary action under the Tax Act, to pay or cause payment of the tax under Part VI.1 of the Tax Act at a rate such that the corporate Holders will not be required to pay tax on dividends received on the Series 55 Preference Shares under Section 187.2 of Part IV.1 of the Tax Act or any successor or replacement provision of similar effect. 12. Notices (a) If the Board of Directors determines that mail service is or is threatened to be interrupted at the time when the Corporation is required or elects to give any notice hereunder by mail, or is required to send any cheque or any share certificate to a Holder of Series 55 Preference Shares, whether in connection with the redemption or conversion of such share or otherwise, the Corporation may, notwithstanding the provisions hereof: (i) give such notice by publication thereof once in a daily English language newspaper of general circulation published in each of Vancouver, Calgary, Winnipeg, Toronto, Montreal and Halifax, and once in a daily French language newspaper published in Montreal and such notice shall be deemed to have been validly given on the day next succeeding its publication in all of such cities; and (ii) fulfill the requirement to send such cheque or such share certificate by arranging for the delivery thereof to such Holder by the Transfer Agent at its principal offices in the cities of Vancouver, Toronto and Montreal, and such cheque and/or share certificate shall be deemed to have been sent on the date on which notice of such arrangement shall have been given as provided in (a) above, provided that as soon as the Board of Directors determines that mail service is no longer interrupted or threatened to be interrupted, such cheque or share certificate, if not theretofore delivered to such Holder, shall be sent by mail as herein provided. In the event that the Corporation is required to mail such cheque or share certificate, such mailing shall be made by prepaid mail to the registered address of each person who at the date of mailing is a registered Holder and who is entitled to receive such cheque or share certificate. (b) Any notice, cheque, invitation for tenders or other communication from the Corporation herein provided for shall be BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 20 of 24

| sufficiently given if delivered or if sent by first class unregistered mail, postage prepaid, to the Holders at their respective addresses appearing on the books of the Corporation or, in the event of the address of any of such Holders not so appearing, then at the last address of such Holder known to the Corporation. Accidental failure to give such notice, invitation for tenders or other communication to one or more Holders shall not affect the validity of the notices, invitations for tenders or other communications properly given or any action taken pursuant to such notice, invitation for tender or other communication but, upon such failure being discovered, the notice, invitation for tenders or other communication, as the case may be, shall be sent forthwith to such Holder or Holders. (c) If any notice, cheque, invitation for tenders or other communication from the Corporation given to a Holder of Series 55 Preference Shares pursuant to paragraph (b) is returned on three consecutive occasions because the Holder cannot be found, the Corporation shall not be required to give or mail any further notices, cheques, invitations for tenders or other communications to such shareholder until the Holder informs the Corporation in writing of such Holder’s new address. 13. Interpretation 13.1 Definitions For the purposes hereof, the following capitalized terms shall have the following meanings, unless the context otherwise requires: “Annual Fixed Dividend Rate” means, for any Subsequent Fixed Rate Period, the rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the greater of: (i) the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 2.80%, and (ii) 5.65%. “Bloomberg Screen GCAN5YR Page” means the display designated as page “GCAN5YR<INDEX>” on the Bloomberg Financial L.P. service (or such other page as may replace the GCAN5YR page on that service) for purposes of displaying Government of Canada bond yields. “Board of Directors” means the board of directors of the Corporation. “Book-Entry System” means the record entry securities transfer and pledge system administered by the Depository in accordance with its operating rules and procedures in force from time to time or any successor system thereof. “Business Day” means a day other than a Saturday, a Sunday or any other day that is treated as a holiday in the province of Ontario. “Conversion Privilege” has the meaning attributed to it in Section 5.1(a). “Depository” means CDS Clearing and Depository Services Inc. and its nominees or any successor carrying on the business as a depository, which is approved by the Corporation. “Dividend Payment Date” in respect of the dividends payable on the Series 55 Preference Shares means the last day of each Quarterly Floating Rate Period in each year. “Election Notice” has the meaning attributed to it in Section 5.3(a). “Fixed Rate Calculation Date” means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period. “Floating Quarterly Dividend Rate” means, for any Quarterly Floating Rate Period, the rate (expressed as a percentage rate BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 21 of 24

| rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the T-Bill Rate on the applicable Floating Rate Calculation Date plus 2.80% calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365. “Floating Rate Calculation Date” means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period. “Government of Canada Yield” on any date means the yield to maturity on such date (assuming semi-annual compounding) of a Canadian dollar denominated non-callable Government of Canada bond with a term to maturity of five years as quoted as of 10:00 a.m. (Toronto time) on such date and which appears on the Bloomberg Screen GCAN5YR Page on such date; provided that, if such rate does not appear on the Bloomberg Screen GCAN5YR Page on such date, the Government of Canada Yield will mean the average of the yields determined by two registered Canadian investment dealers selected by the Corporation, as being the yield to maturity on such date (assuming semi-annual compounding) which a Canadian dollar denominated non-callable Government of Canada bond would carry if issued in Canadian dollars at 100% of its principal amount on such date with a term to maturity of five years. “Holder” has the meaning attributed to it in Section 2.1. “Ineligible Person” means any person whose address is in, or whom the Corporation or the Transfer Agent for the Series 55 Preference Shares has reason to believe is a resident of, any jurisdiction outside Canada where the issue or delivery to that person of Series 55 Preference Shares or Series 54 Preference Shares would require the Corporation to take any action to comply with securities or analogous laws of that jurisdiction. “Quarterly Commencement Date” means the 1st day of each of April, July, October and January in each year. “Quarterly Floating Rate Period” means, for the initial Quarterly Floating Rate Period, the period commencing on January 1, 2031 and ending on and including March 31, 2031, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date. “Redemption Price” has the meaning attributed to it in Section 4. “Series 54 Preference Shares” means the Cumulative Class A Preference Shares, Series 54. “Series 55 Conversion Date” has the meaning attributed to it in Section 4. “Series 55 Dividends” has the meaning attributed to it in Section 2.1. “Series 55 Preference Shares” has the meaning attributed to it in the introductory paragraph to these Series 55 Preference Shares Provisions. “Series 55 Preference Share Provisions” has the meaning attributed to it in the introductory paragraph to these terms and conditions. “Subsequent Fixed Rate Period” means for the initial Subsequent Fixed Rate Period, the period commencing on January 1, 2031 and ending on and including December 31, 2035 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including December 31 in the fifth year thereafter. “Tax Act” means the Income Tax Act (Canada). “T-Bill Rate” means, for any Quarterly Floating Rate Period, the average yield expressed as a percentage per annum on three-BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 22 of 24

| month Government of Canada Treasury Bills, as reported by the Bank of Canada, for the most recent treasury bills auction preceding the applicable Floating Rate Calculation Date. “Transfer Agent” means TSX Trust Company (Canada), a trust company existing under the laws of Canada, or such other person as from time to time may be the registrar and transfer agent for the Series 55 Preference Shares. 13.2 Interpretation of terms In the provisions herein contained attaching to the Series 55 Preference Shares: (a) “accrued and unpaid dividends Series 55 Dividends” means the aggregate of (i) all unpaid Series 55 Dividends for any completed Quarterly Floating Rate Period; and (ii) a cash amount calculated as though Series 55 Dividends had been accruing on a day to day basis from but excluding the date on which the last quarterly dividend was payable up to and including the date to which the computation of accrued dividends is to be made; provided in the case of each of (i) and (ii), no amount shall be included in the accrued and unpaid Series 55 Dividends that would result in the duplication in payment by the Corporation of the amount of any dividend on the Series 55 Preference Shares; (b) “prior to”, “on a parity with” and “junior to” have reference to the order of priority in payment of dividends and in the distribution of assets in the event of any liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary, or other distribution of the assets of the Corporation among its shareholders for the purpose of winding-up its affairs; (c) in the event that any date on which any Series 55 Dividend is payable by the Corporation, or any date on or by which any other action is required to be taken by the Corporation or the Holders hereunder, is not a Business Day (as defined above), then such dividend shall be payable, or such other action shall be required to be taken, on or by the next succeeding day that is a Business Day; (d) in the event of the non-receipt of a cheque by a Holder of Series 55 Preference Shares entitled to the cheque, or the loss or destruction of the cheque, the Corporation, on being furnished with reasonable evidence of non-receipt, loss or destruction, and an indemnity reasonably satisfactory to the Corporation, will issue to the Holder a replacement cheque for the amount of the original cheque; (e) the Corporation will be entitled to deduct or withhold from any amount payable to a Holder of Series 55 Preference Shares under these Series 55 Preference Shares Provisions any amount required by law to be deducted or withheld from that payment; (f) reference to any statute is to that statute as in force from time to time, including any regulations, rules, policy statements or guidelines made under that statute, and includes any statute which may be enacted in substitution of that statute; (g) if it is necessary to convert any amount into Canadian dollars, the Board of Directors will select an appropriate method and rate of exchange to convert any non-Canadian currency into Canadian dollars; and (h) all references herein to a Holder of Series 55 Preference Shares shall be interpreted as referring to a registered Holder of the Series 55 Preference Shares. 14. Book-Entry Only System 14.1 Transfers etc. Through Participants If the Series 55 Preference Shares are held through the Book-Entry System then the beneficial owner thereof shall provide instructions with respect to Series 55 Preference Shares only to the Depository participant through whom such beneficial owner BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 23 of 24

| holds such Series 55 Preference Shares and registrations of ownership, transfers, purchases, surrenders and exchanges of Series 55 Preference Shares will be made only through the Book-Entry System. Beneficial owners of Series 55 Preference Shares will not have the right to receive share certificates representing their ownership of the Series 55 Preference Shares. 14.2 Depository is Registered Holder For the purposes of these Series 55 Preference Share Provisions, as long as the Depository, or its nominee, is the registered Holder of the Series 55 Preference Shares, the Depository, or its nominee, as the case may be, will be considered the sole Holder of the Series 55 Preference Shares for the purpose of receiving notices or payments on or in respect of the Series 55 Preference Shares, including payments of Series 55 Dividends, the Redemption Price or accrued and unpaid Series 55 Dividends, and the delivery of Series 54 Preference Shares and certificates for those shares on the conversion into Series 54 Preference Shares. D. The issue, transfer or ownership of shares is/is not restricted and the restrictions (if any) are as follows. If none, enter "None": Not amended E. Other provisions: Not amended 4. The amendment has been duly authorized as required by sections 168 and 170 (as applicable) of the Business Corporations Act. 5. The resolution authorizing the amendment was approved by the shareholders/directors (as applicable) of the corporation on: November 12, 2025 The articles have been properly executed by the required person(s). BCA - Articles of Amendment - BROOKFIELD CORPORATION - OCN:1644037 - November 25, 2025 The endorsed Articles of Amendment are not complete without the Certificate of Amendment. Certified a true copy of the record of the Ministry of Public and Business Service Delivery. Director/Registrar, Ministry of Public and Business Service Delivery Page 24 of 24