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governance governance who we are brookfield properties is a division of brookfield property partners, one of the world’s largest and most sophisticated owner-operators of real property with over $65 billion in assets and interests in 142 premier office properties and 127 best- in-class retail malls around the globe. the company also holds interests in multifamily, industrial, hospitality, self-storage, student housing, and triple net lease assets through brookfield-managed private funds. brookfield property partners has built its interests in property platforms through the integration of formative portfolio acquisitions and single asset transactions over many decades. the company’s collaborative and disciplined approach to investing has been successful throughout ever-changing market cycles. this report encompasses the assets managed by brookfield properties, which operates office assets in australia, canada, the united kingdom, and the united states. through the remainder of this document, any references to brookfield refers to the operators of these office assets. mission statement at brookfield, our mission focuses on providing the highest quality commercial office space while bringing responsible environmental solutions and innovative energy saving strategies to our tenants and the communities where we work. environmental stewardship is a major component of brookfield’s strategic business plan which ranks among our key business objectives, along with revenue growth and risk management. decisions we make as a company balance both our fiscal and our environmental responsibilities. our ultimate objective is to optimize energy and resource efficiency at our properties, together with the wellness and safety of our tenants, employees, and those that live in the neighborhoods that house our properties. we achieve this through an integrated strategy based on three principles that are embedded in the brookfield corporate culture. these tenets are the foundation of our commitment to environmental responsibility. principle 1 to develop, operate, retrofit, redesign and renovate properties to achieve optimum energy efficiency, occupant satisfaction and reduced carbon emissions. principle 2 to incorporate innovative environmental strategies in order to achieve best-in-industry environmental performance in all new office developments. principle 3 to seek best-in-class environmental certifications, actively participate in green industry organizations, and support new initiatives that foster the energy and resource efficient operation of office buildings and environmentally sustainable communities and practices. brookfieldproperties.com governance pg. 2 photo: london wall place, london, england

tenant engagement - mybrookfield communications platform tenant engagement mybrookfield communications platform 885 average daily content views in 2016, we launched mybrookfield, a revolutionary communications saas (software as a service) platform, across our canadian portfolio. aiming initially to improve the workplace ecosystem by engaging professionals in the services, amenities and sustainability programs offered at each workplace, mybrookfield has already established itself as a vital tool for tenant engagement, communications, news and special events. “mybrookfield has given us a strategic advantage allowing us to make informed decisions based on actual tenant interactions and input.” the platform allows property managers to communicate directly to tenants via mobile push notifications. news feeds, events, and contests are cross published both on the mybrookfield app and our website mybrookfield.ca, allowing tenants to stay informed and engaged however they elect to access mybrookfield. through the app and the website, we are able to analyze and track tenant interactions through real-time data. “mybrookfield provides an innovative approach to maintaining relationships with our tenants and monitoring satisfaction across our portfolio. tenants have the ability to choose how and when they receive notifications, allowing us to communicate effectively with them on their terms.”, says kristina schwartz, vp operations and sustainability at brookfield. “we know that better communications lead to better amenities, better events and, better sustainability efforts. mybrookfield has given us a strategic advantage allowing us to make informed decisions based on actual tenant interactions and input.” brookfield is the first commercial real estate company to adopt the platform, which is currently operating at all of our canadian properties. since launching the app, brookfield has experienced an increase in tenant engagement and has reported a positive environmental impact such as a reduction in print material distributed throughout workplaces, as tenant notices are now announced on the mobile app. between march and december of 2016, we successfully introduced the mybrookfield app to tenants across canada. at the end of the year, mybrookfield had nearly 6,000 subscribers – a number that continues to grow as mybrookfield becomes a regular part of the workplace community of all brookfield occupants. brookfieldproperties.com tenant engagement: mybrookfield communications platform pg. 4

environmental - measuring achievement environmental measuring achievement in accordance with brookfield’s commitment to optimize energy and resource efficiency at our properties, we closely manage the environmental performance of our global portfolio. whether through green building certifications, industry sustainability benchmarks, or internal review – brookfield actively monitors the performance of our buildings relative to both our past performance and the performance of our peers. for our baseline, the global sustainability best practices committee has elected to use a rolling five year methodology. this practice is well accepted in the industry and allows our baseline to evolve with our portfolio. as the brookfield baseline keeps improving, it acts as a catalyst to keep achieving reductions in the resources used and waste generated at our buildings. carbon: 17% savings compared to our 2012 greenhouse gas emissions, last year we reduced enough emissions across our global portfolio to save 72,428 metric tons of co2 – that’s equivalent to removing 9,540 cars from the road for a year! scope 1 savings 9% scope 2 savings 18 % energy: 8% savings compared to our 2012 energy consumption, brookfield reduced enough energy across our global portfolio in 2016 to save 110,008 equivalent megawatt-hours – that’s enough to power 9,168 average sized homes for a year! waste: 72% diversion rate in 2016, our global portfolio has recycled 29,189 metric tons. that’s 73,645 cubic meters diverted from landfill, enough to fill 494,732 residential recycling bins! water: 8% savings across our global portfolio in 2016, when compared to our 2012 baseline, brookfield reduced our water consumption by 313 million liters – that’s enough water to fill 125 olympic sized swimming pools! natural gas emissions electricity emissions steam emissions chilled water emissions notes: 1. savings are based on like for like, which only includes properties within our operational control and complete, full year data. 2. figures represent absolute consumption data. normalization factors such as weather & occupant density are not included. 3. like for like properties include applicable australia, canada and the u.s. properties only. brookfieldproperties.com environmental: measuring achievement pg. 6

environmental - green building certifications environmental green building certifications 1 breeam & 2 energy 45 leed performance certifications certifications 50 boma 360 designations 35 nabers & 5 green star certifications across our global office portfolio, brookfield has achieved over 175 green building certifications. depending on the region, these achievements include certifications or designations from the boma 360, breeam, leed®, and nabers rating systems. • 90% of our global office portfolio has achieved a green building certification • 50 boma 360 designations • 45 leed® certifications • 1 breeam and 2 energy performance certifications • 35 nabers and 5 green star certifications • 100% of our australia, canada and uk office properties have at least one certification • 85% of our united states office properties have at least one certification % of rentable area achieved rentable area certified 85 59,595,358 total rentable square footage (operational control) 66,045,447 179 total certifications photo: 10 shelley street, sydney, new south wales, australia brookfieldproperties.com environmental: green building certifications pg. 8

case studies - waste and solar projects case studies waste and solar projects australian waste management reporting brookfield is committed to incorporating innovative environmental strategies at our properties. traditionally, the measurement of waste data at our australian portfolio has been based on bin counts and industry density factors. while these methods are standard in the industry, when our bins are only partially full, or if there has been contamination in a waste stream, we have seen bin counts and density factors produce inaccurate data. to increase the precision of our waste data, we implemented a number of new processes such as installing weigh stations at a number of our australian properties that provide us with exact waste tonnage readings. all waste streams and bins are now being weighed to ensure that partially filled bins are accounted for, leading to more accurate weight results. with our tenants in mind, we also implemented a reporting system that provides individual waste reports and diversion rates by tenancy or by floor for our australian properties. the reports allow tenants to monitor the total amount of waste they generate and view how much of their waste goes to recycling versus landfill. reporting on waste allows brookfield to give our tenants a better understanding of their waste management habits through visibility into waste stream contamination. with this tool, specific floors or tenancies can identify and address any issues to improve waste practices within their workplace. over the coming year, we will be monitoring our waste data to determine the impact of our reporting tool on waste generation from our australian portfolio. community solar in washington, d.c. brookfield is proud to be part of a first-of-its- kind solar project in partnership with one of our washington, d.c. tenants, nixon peabody. the dc community renewable energy act allows producers of solar power to direct the energy credits associated with their solar production to other ratepayers. brookfield’s rooftops at 799 ninth street, the victor building, and 77 k street will be the first downtown commercial buildings to produce solar power for this purpose. the solar array went live in december 2016 and immediately began working to benefit the local community. with the energy produced by the solar panels, 63 affordable housing units in southeast washington receive a monthly subsidy on their electric bills as a direct result of the partnership between brookfield and nixon peabody. we are honored, not only to participate in a partnership with one of our tenants, but to actively give back to our washington d.c. community. photo: top left; skyline, sydney, australia top right; skyline, washington, d.c. brookfieldproperties.com case studies: waste & solar projects pg. 10

case studies - saving energy at 601 figueroa, los angeles case studies saving energy at 601 figueroa, los angeles local utility, los angeles department of water and power, the building received $415,000. lighting upgrade details from the p5 parking level to the 53rd floor helipad, 601 figueroa in los angeles is maintained in excellent condition by its engineering team, including marty zuno who has been at the building since 1992. as part of their ongoing operations, level 1 and level 2 energy audits were conducted to identify energy savings opportunities within the building’s hvac plant and lighting systems. here are a few highlights of the projects completed and savings achieved last year: hvac chiller plant overhaul since the hvac plant at 601 figueroa was designed with significant redundancy, all five chillers had similarly low operational hours. following the energy audit, variable frequency drives (vfd’s) and high efficiency purge units, and gasket and seal replacements were installed on all five chillers. as a result the plant is more efficient, controls have improved, and 601 figueroa has achieved an incredible 30% reduction in energy. additionally, through a rebate offered by their lighting type analysis & upgrade projects at 601 figueroa, the brookfield engineering team used washrooms, mechanical rooms, telephone closets, and multi-tenant areas as their “test labs” to experiment with different led types, from lamps and fixtures, to tubes, to flat panels. through their mach energy system, the building modeled their 2016 energy performance versus their 2012 baseline. as a result of the chiller plant upgrades and numerous lighting retrofits, 601 figueroa achieved an impressive 10% reduction in energy used, a 280 kw decrease in their energy demand, and a 9.4% reduction in cost compared to their baseline year – an outstanding energy savings accomplishment! k e e w e h t f o y a d h w k / 2000 1500 1000 500 0 sunday monday tuesday wednesday thursday friday saturday baseline week parking garage over 1,500 fluorescent light fixtures were replaced with led’s controlled by occupancy sensors and set at 70% of their capacity, with the ability to dim to 10% when the garage is unoccupied. this upgrade saved 305,751 kwh at 601 figueroa, which is over $45,700 annually. tower stairwells fluorescent fixtures were replaced with dimmable led’s controlled by occupancy sensors. lights now dim to 10% of regular levels when not in use, reducing lighting costs by 25-65% and energy use by 68,734 kwh. building crown the building crown is an illuminated three-storey octagon sitting at the top of figueroa at wilshire that has illuminated the downtown los angeles skyline for the past 27 years. prior to the retrofit, the crown lights consisted of 700 fluorescents spread over three floors. they were replaced with 350 dimmable led lights. through the crown retrofit, the building anticipates an annual saving of 137,356 kwh , or approximately $20,600. brookfieldproperties.com case studies: saving energy at 601 figueroa, l.a. pg. 12

social artsbrookfield presenting ties forward, a site-specific temporary sculpture at republic plaza, created by students through the museum’s design and build public art program. since 1991, design and build has provided an opportunity for young artists, students and creative minds to express their creativity in collaborative art projects. luminaries the season of sharing, giving, community and light brought luminaries to brookfield place new york for the second year—an interactive installation that allows visitors to send a holiday wish into a mesmerizing canopy of 647 colorful, glowing lanterns. the 25,000 wish mark unlocked a $25,000 donation to the grammy museum, supporting music education programs. the swings: an exercise in musical collaboration brookfield place new york unleashed its inner-child with the swings: an exercise in musical collaboration—a giant, collective musical instrument that brought together people of all ages and backgrounds. each swing represents one of four instruments— piano, harp, guitar, and vibraphone. when participants swung back and forth, harmonies emerged through cooperation between players, fostering a greater sense of community. i never saw another butterfly i never saw another butterfly at houston’s allen center was presented in partnership with the holocaust museum of houston. over 20 years, the museum has collected 1.5 million handmade butterfly artworks as part of its butterfly project, each representing the 1.5 million children that perished in the holocaust. the arts brookfield-sponsored exhibition at allen center gathered more than 200 additional butterflies from the community to expand upon the display. ties forward; museum of outdoor arts arts brookfield continued its partnership with the museum of outdoor arts in denver, photo: from left top; luminaries, brookfield place new york, swings, brookfield place new york, i never saw another butterfly, allen center, bottom: ties forward, republic plaza, denver, co brookfieldproperties.com social: artsbrookfield pg. 14

social - volunteering social volunteering bowery mission new york in december 2016, brookfield employees partnered with the bowery mission to help serve breakfast to the homeless and hungry in new york city. the bowery mission meets the short-term emergency needs of those caught in poverty with compassionate care services, such as food, safe shelter, clothing, and medical care. there are five additional mission sites in manhattan that offer long-term residential recovery programs through life and employment skills training, continuing education opportunities, counseling, legal aid, job-readiness training, and housing placement. early bird café sydney through our ongoing commitment to give back to the communities in which we operate, brookfield’s sydney team has partnered with a local church to provide breakfast to the homeless and those in need. each tuesday morning, teams from our sydney head office assist with this initiative by preparing and serving breakfast, cleaning up, and talking to visitors. in 2016, our team contributed the following to the early bird café: • 125 shifts at 2.5 hours each – a total of 313 hours volunteered • 800 hot breakfasts served • 1,600 eggs cooked • 1,200 coffees served • 800 bowls of cereal served secret snowflake new york in partnership with brookfield and nyc services, the nyc family justice center runs an annual secret snowflake initiative to donate holiday gifts to children who are survivors of domestic violence. last year, over 100 brookfield employees volunteered their time and brookfield donations were collected for 216 children. overall, the 2016 secret snowflake campaign brought gifts to nearly 1,500 children through generous donations from their corporate partners. brookfieldproperties.com social: volunteering pg. 16 photo: top left; sample toys from secret snowflake, new york, new york. top right; volunteers at the early bird cafe, sydney, australia. bottom left; volunteers at the bowery mission, new york, new york

social - charitable giving social charitable giving united way across our canadian portfolio, brookfield has a long-standing relationship with united way, contributing more than $3 million over the past 20 years. through campaigns such as an annual silent auction and the toronto real estate stair climb, we raise funds for united way to build strong communities, reduce poverty, and create opportunities. in 2015 and 2016, employees in our calgary, toronto, and ottawa regions raised almost $322,000 for united way, supporting programs such as: • an 8-week workshop on healthy relationships and positive parenting for women who have suffered abuse • a year-long one-to-one mentorship program for youth • access to employment counseling sessions for homeless individuals, providing them skills and confidence to enter the workforce • weekly english language classes for newcomers, improving their english and providing an opportunity to socialize with their peers • providing families access to plots in a community vegetable garden, helping to create access to improved nutrition calgary toy mountain campaign over the holiday season, our calgary properties are key drop off locations for toys, essential items, and cash donations for the ctv toy mountain campaign. in 2015, bankers hall, fifth avenue place, and suncor energy centre collected approximately 5,134 toys valued at over $72,900. for their outstanding efforts, brookfield’s calgary properties were awarded the tulip award by the calgary women’s emergency shelter. the calgary women’s emergency shelter is a toy mountain campaign recipient and has helped over 180,000 calgarians build safe lives in the past 42 years. starlight children’s foundation each november, brookfield place toronto hosts the annual campaign for wishes and dreams on behalf of the starlight children’s foundation of canada. the starlight foundation has been brightening the lives of seriously ill children and their families through programs such as wish granting since 1998. with the support of their tenants and suppliers, brookfield place toronto has raised over $2.9 million since 1998 – the equivalent of 840 wishes. photo: top left; rat race for the united way, toronto, ontario. top right: starlight campaign for wishes, toronto, ontario. bottom: toy mountain campaign, calgary, alberta brookfieldproperties.com social: charitable giving pg. 18

contacts contacts stefan dembinski jamie loader kristina schwartz steven cheshire richard bachia · corporate · · australia · · canada · · united kingdom · · united states · chief sustainability officer & svp developing markets national operations & sustainability manager vice president, operations & sustainability operations director executive vice president, operations stefan.dembinski@brookfield.com jamie.loader@au.brookfield.com kristina.schwartz@brookfield.com steven.cheshire@brookfield.com richard.bachia@brookfield.com 416.359.8612 +61 2 9322 2143 416.369.8277 +44 (0) 20 7659 3500 212.417.7075 brookfieldproperties.com contacts pg. 20