Brookfield Global Relocation Services welcomes award of relocation contract for federal government employees

    OTTAWA, Aug. 18 /CNW Telbec/ - Brookfield Global Relocation Services
(BROOKFIELD GRS) is pleased to welcome the award of the Integrated Relocation
Program (IRP) contract today. Following an open and transparent bidding
process, the Government of Canada contract will allow BROOKFIELD GRS to
continue its fifteen-year history of providing relocation assistance to the
Government of Canada. This new five-year contract, will replace the existing
contract held by BROOKFIELD GRS that ends on schedule on November 30, 2009.
    "As a Canadian owned and operated company, BROOKFIELD GRS has the
experience, knowledge, and team that will continue to deliver this vital
service," said Graham Badun, CEO for BROOKFIELD GRS. "We welcome the award of
the relocation contract for the fifth time and are proud to continue providing
the highest quality service under the IRP at the lowest cost to Canadians.
    "Formerly called Royal LePage Relocation Services (RLRS), Brookfield
Residential Property Services (Brookfield RPS) the parent company re-branded
its RLRS business unit and re-named it Brookfield Global Relocation Services
in August 2009.
    A pilot project was first awarded to RLRS by the Government of Canada in
1999, renewed in 2003, and again in 2004. The Government of Canada awarded the
IRP contract to RLRS in 2004 and subsequently re-tendered on schedule earlier
this year. Today's announcement marks the end of a long and rigorous process
that once again proves that BROOKFIELD GRS is the leading supplier of
government relocation services in Canada.
    BROOKFIELD GRS is the industry leader in employee relocation and looks
forward to continuing its commitment to the Government of Canada as it moves
tens of thousands of women, men, and their families, each year.

    About Brookfield Global Relocation Services
    Brookfield Global Relocation Services ( is a
leading, full-service outsourcing partner of end-to-end employee relocation,
assignment management and mobility consulting services for multinational
organizations worldwide. The company serves corporations throughout the world
and manages more than $2 billion in relocation-related transactions.

    About Brookfield Residential Property Services

    Brookfield Residential Property Services is a leading global provider of
relocation and real estate services, technology, and knowledge, and is a
division of Brookfield Asset Management Inc. Brookfield Asset Management has
approximately $80 billion of assets under management and is co-listed on the
New York and Toronto Stock Exchanges under the symbol BAM and on NYSE Euronext
under the symbol BAMA.

    Forward-Looking Statements

    This news release contains forward-looking information within the meaning
of Canadian provincial securities laws and other "forward-looking statements"
within the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended,
"safe harbor" provisions of the United States Private Securities Litigation
Reform Act of 1995 and in any applicable Canadian securities regulations. The
words will," "expect," "believe," and derivations thereof, and other
expressions which are predictions of or indicate future events, trends or
prospects and which do not relate to historical matters identify
forward-looking statements. Although Brookfield Asset Management believes that
its anticipated future results, performance or achievements expressed or
implied by the forward-looking statements and information are based upon
reasonable assumptions and expectations, the reader should not place undue
reliance on forward-looking statements and information as such statements and
information involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Brookfield
to differ materially from anticipated future results, performance or
achievement expressed or implied by such forward-looking statements and
    Factors that could cause actual results to differ materially from those
contemplated or implied by forward-looking statements include: economic and
financial conditions in the countries in which we do business; the behaviour
of financial markets, including fluctuations in interest and exchange rates;
availability of debt financing; the ability to effectively integrate
acquisitions into existing operations and the ability to attain expected
benefits; regulatory and political factors within the countries in which
Brookfield operates; acts of God, such as earthquakes and hurricanes; the
possible impact of international conflicts and other developments including
terrorist acts; and other risks and factors detailed from time to time in
Brookfield's form 40-F filed with the Securities and Exchange Commission as
well as other documents filed by Brookfield with the securities regulators in
Canada and the United States including Brookfield's most recent Annual
Information Form under the heading "Business Environment and Risks."
    We caution that the foregoing factors that may affect future results is
not exhaustive. When relying on forward-looking statements to make decisions
with respect to Brookfield Asset Management, investors and others should
carefully consider the foregoing factors and other uncertainties and potential
events. Except as required by law, Brookfield undertakes no obligation to
publicly update or revise any forward-looking statements or information,
whether written or oral, as a result of new information, future events or

For further information:

For further information: Aleya Chattopadhyay, Brookfield Residential
Property Services, (416) 510-5625,

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