Brascan Corporation

Brascan Corporation

August 05, 2005 16:30 ET

Brascan Acquires Additional Shares in Fraser Papers Inc.

TORONTO, ONTARIO--(CCNMatthews - Aug. 5, 2005) - Brascan Corporation (TSX:BNN) (NYSE:BNN), announced today that it has acquired 200,000 common shares of Fraser Papers Inc. (TSX:FPS), through its subsidiary Brascade Corporation. Taken together with other acquisitions over the past three months, this acquisition brings the total number of shares beneficially owned by Brascan to 13,376,691, which represents 45% of the outstanding common shares of Fraser.

The purchases were made through the facilities of the Toronto Stock Exchange and the shares were acquired for investment purposes.

Brascan Corporation is a global asset manager focused on property, power and infrastructure assets. With $40 billion of assets under management, the company owns 70 premier office properties and over 130 power generating plants. The company is inter-listed on the New York and Toronto stock exchanges.

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