Investment Spotlight: Shepherds Flat

Endnotes Brookfield • - FFO is a non-IFRS measure defined in "Part 9 Presentation to Stakeholders and Performance Measurement" in the Management's Discussion and Analysis in the 2021 Annual Report. For historical FFO, refer to "Part 4 Financial Performance Review On Proportionate Information" in the Management's Discussion and Analysis in the 2021 Annual Report Available liquidity of $4.1 billion refer to "Part 5 - Liquidity and Capital Resources" in the Management's Discussion and Analysis in the 2021 Annual Report 12-15% target returns are calculated as annualized cash return on investment Any references to capital refer to Brookfield's cash deployed, excluding any debt financing 15%+ returns associated with Brookfield's Irish Wind portfolio reflect the annualized cash return on the investment 37

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