NBS Technologies Inc.

NBS Technologies Inc.

December 18, 2006 16:43 ET

NBS Technologies Going Private Transaction is Approved

TORONTO, ONTARIO--(CCNMatthews - Dec. 18, 2006) - NBS Technologies Inc. (TSX:NBS)("NBS") announced today that at a special meeting of shareholders of NBS held this morning, the amalgamation (the "Amalgamation") of NBS with an indirect wholly-owned subsidiary of Brookfield Asset Management Inc. (NYSE:BAM)(TSX:BAM) ("Brookfield") was approved. NBS and Brookfield intend to complete the Amalgamation as soon as practicable.

Upon completion of the Amalgamation, Brookfield will beneficially own all of the outstanding common shares ("Common Shares") of NBS.

The Common Shares are expected to be de-listed from the Toronto Stock Exchange within three business days of the Amalgamation becoming effective. NBS intends to apply to the applicable securities regulatory authorities in order to cease to be a reporting issuer under the applicable securities legislation as soon as practicable.

About NBS Technologies Inc.

NBS Technologies Inc. (TSX:NBS) is a leading provider of smart card manufacturing and personalization equipment, secure identity solutions and point of sale transaction services for financial institutions, governments and corporations worldwide. NBS Technologies is a global company with locations in Canada, China, France, the U.S. and the United Kingdom, along with a worldwide dealer network. For more information, please visit NBS's website at www.nbstech.com.

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