<img src="https://ml.globenewswire.com/Resource/Download/22048b12-8c39-4bd4-a907-28880770ba2c?size=2" nborder="0" align="left" hspace="5" vspace="5" title="logo (1).jpg" alt="Brookfield Office Properties Inc."/>Not for distribution to U.S. newswire services nor for dissemination to the United States All amounts in Canadian dollars BROOKFIELD NEWS, June 01, 2026 (GLOBE NEWSWIRE) -- Brookfield Office Properties Inc., a subsidiary of Brookfield Property Partners L.P., today announced the reset dividend rate on its Class AAA Preference Shares, Series N (“Series N Shares”) (TSX: BPO.PR.N). Series N Shares If declared, the fixed quarterly dividends on the Series N Shares for the five years commencing July 1, 2026 and ending June 30, 2031 will be paid at an annual rate of 6.2060% ($0.387875 per share per quarter). Holders of Series N Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on June 15, 2026, to convert all or part of their Series N Shares, on a one-for-one basis, into Class AAA Preference Shares, Series O (the “Series O Shares”), effective June 30, 2026. The quarterly floating rate dividends on the Series O Shares have an annual rate, calculated for each quarter, of 3.07% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate for the July 1, 2026 to September 30, 2026 dividend period for the Series O Shares will be 1.358580% (5.39% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.339645 per share, payable on September 30, 2026. Holders of Series N Shares are not required to elect to convert all or any part of their Series N Shares into Series O Shares. As provided in the share conditions of the Series N Shares, (i) if Brookfield determines that there would be fewer than 1,000,000 Series N Shares outstanding after June 30, 2026, all remaining Series N Shares will be automatically converted into Series O Shares on a one-for-one basis effective June 30, 2026; and (ii) if Brookfield determines that there would be fewer than 1,000,000 Series O Shares outstanding after June 30, 2026, no Series N Shares will be permitted to be converted into Series O Shares. There are currently 10,875,438 Series N Shares outstanding. The Toronto Stock Exchange (“TSX”) has conditionally approved the listing of the Series O Shares effective upon conversion. Listing of the Series O Shares is subject to Brookfield fulfilling all the listing requirements of the TSX and, upon approval, the Series O Shares will be listed on the TSX under the trading symbol “BPO.PR.O”. About Brookfield Office Properties Brookfield Office Properties Inc. is a subsidiary of Brookfield Property Partners L.P., one of the world’s largest commercial real estate companies, with over $85 billion in total assets. For more information, please visit <a href="https://www.globenewswire.com/Tracker?data=HZPOJRGxqFGEV9c91Hx9ViRUxml111NaPYmP_-cKfleFz_NHfxB4ifma54g83FjVq0-d57i_6CMbhVnusZ5e3_xECJKnGLMY3we3N1xl_og=" rel="nofollow" target="_blank" title="bpy.brookfield.com/bpo">bpy.brookfield.com/bpo</a>. Brookfield Contact: Keren Dubon Investor Relations Tel.: 212618-3440 Email: <a href="https://www.globenewswire.com/Tracker?data=S_jobWKGr30JjDNz2spA9bG88Mh1Qz6anhQnl8BJJSNcS-y8BJozf2UAfQvilOIyQqGkQya-WhT9gNx8UHSKNU4ZipfDJ1tU6XnBxLLcCAKtX35E3j-nIQSPnSJHXPUA" rel="nofollow" target="_blank" title="keren.dubon@brookfield.com">keren.dubon@brookfield.com</a>  <img alt="" src='https://ml.globenewswire.com/media/NDcyMzlmNTMtZTRkNS00NjJhLWIwNDMtZDBjZjlkNWZlYjY2LTEwNDA0NTMtMjAyNi0wNi0wMS1lbg==/tiny/Brookfield-Office-Properties-I.png' referrerpolicy='no-referrer-when-downgrade' />

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Brookfield Office Properties Announces Reset Dividend Rates and Conversion Privileges on its Class AAA Series N Preference Shares

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