Brascan: 2002 Year End Results; Webcast and Conference Call for Investors and Analysts.

Business Editors

TORONTO--(BUSINESS WIRE)--Jan. 14, 2003

Brascan Corp (NYSE:BNN) (TSX:BNN.TO)

2002 Year End Results Conference Call

Date: Friday, February 14, 2002

Time: 2:00 p.m. (ETN)

You are invited to participate in Brascan's Q4/2002 Conference Call on Friday, February 14, 2003 at 2:00 p.m. (ETN) to discuss with members of senior management our results and current business initiatives.

Brascan will release its year-end 2002 financial results on February 14th at approximately 6:00 a.m., and they will be available on our web site at www.brascancorp.com under "Press Releases". The Conference Call will also be Webcast live on our web site, where it will be archived for future reference.

To participate in the Conference Call, please dial 416-695-9753 or 1-877-888-7019, toll free in North America, at approximately 1:50 p.m. The reservation number for this call is T392203S. For those unable to participate in the Conference Call, a taped rebroadcast will also be available until midnight Friday, March 14, 2003. To access this rebroadcast, please call 416-695-9731 or 1-888-509-0082, toll free in North America, and enter the reservation number T392203S.

Brascan owns, manages and builds businesses that generate sustainable cash flows. Current operations are largely in the real estate, financial and power generation sectors. Total assets exceed $22 billion and include 55 commercial properties and 38 power generating facilities. In addition, Brascan holds investments in the resource sector. Brascan is listed on the Toronto Stock Exchange under the symbol BNN.A and the New York Stock Exchange under the symbol BNN.