Press Release 2004

2003 Annual Meeting
And 2004 First Quarter Results
Webcast and Conference Call for Investors and Analysts

Webcast of 2003 Annual Meeting of Shareholders
Date : Friday, April 30, 2004
Time: 10:30 a.m. (ETN)

2004 First Quarter Conference Call

Date: Friday, April 30, 2004
Time: 2:00 p.m. (ETN)

You are invited to participate in the live Webcast presentation of Brascan Corporation's 2003 Annual Meeting of Shareholders at www.brascancorp.com on Friday, April 30, 2004 at 10:30 a.m. (ETN). This presentation will be archived for future reference.

You are also invited to participate in Brascan's 2004 First Quarter Conference Call on Friday, April 30, 2004 at 2:00 p.m. (ETN) to discuss with members of senior management our results and current business initiatives.

These results will be released on April 30th at approximately 7:00 a.m. and will be available following the release 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 416-695-5261 for local and overseas calls, and 1-888-789-0150 toll free in North America at approximately 1:50 p.m. For those unable to participate in the Conference Call, a taped rebroadcast will also be available until midnight May 31, 2004. To access this rebroadcast, please call
416-695-5275
.

If you have any questions about the Conference Call, please contact Katherine Vyse, Senior Vice-President, Investor Relations at 416-369-8246 or by email at kvyse@brascancorp.com.

Brascan Corporation is an asset management company. With a focus on real estate and power generation, the company has direct investments of $16 billion and a further $7 billion of assets under management. This includes 55 premier office properties and 47 power generating plants. The company is listed on the New York and Toronto stock exchanges under the symbol BNN and BNN.a, respectively.

March 31, 2004

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