Press Release 2004

Notice: Webcast And Conference Call For Investors And Analysts

3rd Quarter Conference Call
Date: Thursday, November 4, 2004
Time: 2:00 p.m. (ETN)

You are invited to participate in Brascan's 3 rd Quarter Conference Call on Thursday, November 4, 2004 at 2:00 p.m. (ETN) to discuss our results and current business initiatives with members of senior management.

Brascan will release its 2004 third quarter financial results on November 4th at approximately 8:00 a.m., and 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 416-695-9757 or 1-800-769-8320, toll free in North America, at approximately 1:50 p.m. For those unable to participate in the Conference Call, a tape of the broadcast will also be accessible until midnight December 2, 2004. To access the tape, please call 416-641-2124 or 1-800-756-4233, toll free in North America, and enter the pin code 4552.

If you have any questions about the Conference Call, please contact Katherine Vyse, Senior Vice-President, Investor Relations and Communications 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 $17 billion and a further $7 billion of assets under management. These include interests in over 70 premier office properties, and 120 power generating plants. The company is listed on the New York and Toronto stock exchanges under the symbol BNN and BNN.a, respectively.

October 4, 2004

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