Brascan Adjustable Rate Trust I

Brascan Adjustable Rate Trust I

August 17, 2007 16:35 ET

Brascan Adjustable Rate Trust I Announces Monthly Distribution and Update on Fund Position

TORONTO, ONTARIO--(Marketwire - Aug. 17, 2007) - Brascan Adjustable Rate Trust I (the "Fund") (TSX:BAO.UN) today announced a monthly distribution of $0.1050 per trust unit will be payable on September 14, 2007 to unitholders of record on August 31, 2007.

In light of recent activity in the global fixed-income markets, the Fund wishes to clarify that it currently has no sub-prime mortgage-backed securities (MBS) in its portfolio, directly or indirectly.

The Fund's net asset value per unit at August 16, 2007 was $18.89.

Brascan Adjustable Rate Trust I is an investment trust established to provide unitholders with exposure to a portfolio primarily consisting of mortgage backed securities (MBS) with an actual or implied AAA rating. The Fund is managed by a subsidiary of Brookfield Asset Management Inc. The Fund is listed on the TSX under the symbol BAO.UN.

This news release contains forward looking information. Actual future results may differ materially. The risks, uncertainties and other factors that could influence actual results are described in the Brascan Adjustable Rate Trust I prospectus and other documents filed with regulatory authorities.

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