Early Warning Release

Core Viewpoint - Brookfield sold 8,600,000 common shares of TransAlta Corporation for approximately C$168,990,000, reducing its ownership from 11.9% to 9% of the total shares outstanding [1][2]. Group 1: Transaction Details - The transaction involved the sale of common shares at a price of C$19.65 per share [1]. - The total gross cash consideration from the sale was approximately C$168,990,000 [1]. Group 2: Ownership Changes - Prior to the transaction, Brookfield owned 35,523,345 common shares, representing about 11.9% of the issued shares [2]. - After the transaction, Brookfield's ownership decreased to 26,923,345 common shares, representing approximately 9% of the issued shares, marking a decrease of about 2.9% [2]. Group 3: Future Considerations - The sale aligns Brookfield's share ownership with certain thresholds under various agreements [3]. - Although there are no current plans for further dispositions, Brookfield may consider future transactions based on various factors such as share price and liquidity objectives [3].