| THIS DOCUMENT MUST BE SIGNED AND DATEDSTEP 4 MMD D Y Y SIGNATURE(S)*INVALID IF NOT SIGNED* FORAGAINST VOTING RECOMMENDATIONS ARE INDICATED BYOVER THE BOXES(FILL IN ONLY ONE BOX “ ” PER ITEM IN BLACK OR BLUE INK) COMPLETE YOUR VOTING DIRECTIONSSTEP 3 HIGHLIGHTED TEXTITEM(S): FORAGAINST To consider and, if deemed advisable, approve, with or without variation, a resolution of BPY Unitholders to amend (the “BPY LPA Amendment ” and together with the Arrangement and the transactions contemplated by the BPY LPA Amendment and the Arrangement, the “Transaction ”) the second amended and restated limited partnership agreement dated August 8, 2013, as amended, of BPY to provide for the Arrangement and the grant of dissent rights to registered BPY Unitholders in connection with the Transaction, the full text of which is attached as Appendix C to the Document. 02 To consider, pursuant to an interim order of the Ontario Superior Court of Justice (Commercial List) dated • , 2021, as the same may be varied (the “Interim Order ”), and, if deemed advisable, approve, with or without variation, a resolution of holders (the “BPY Unitholders ”) of limited partnership units (the “BPY Units ”) of Brookfield Property Partners L.P. (“BPY”), the full text of which is attached as Appendix C to the accompanying circular/prospectus (the “Document ”), to approve an arrangement (the “Arrangement ”) pursuant to section 182 of the Business Corporations Act (Ontario) as amended, being made pursuant to an Arrangement Agreement dated March 31, 2021, by and among Brookfield Asset Management Inc. (“BAM”), BPY Arrangement Corporation (“Purchaser Sub ” and together with BAM, the “Purchaser Parties ”) and BPY whereby the Purchaser Parties have agreed to acquire, directly and indirectly, all of the issued and outstanding BPY Units and exchangeable limited partnership units (“Exchange LP Units ”) of Brookfield Office Properties Exchange LP (“Exchange LP”), all as more particularly described and set forth in the Document. 01 CONTROL NO.: ➔ PROXY FORM ACCOUNT NO:CUSIP: CUID: RECORD DATE: PROXY DEPOSIT DATE: MEETING DATE: MEETING TYPE: APPOINT A PROXY (OPTIONAL)STEP 2 A P P O I N TEE(S): E-R2 MAXIMUM 22 CHARACTERS - PLEASE PRINT CLEARLY PLEASE PRINT APPOINTEE NAME INSIDE THE BOX CREATE AN EIGHT (8) CHARACTER IDENTIFICATION NUMBER FOR YOUR APPOINTEE ➔ ➔ MUST BE EIGHT CHARACTERS IN LENGTH- PLEASE PRINT CLEARLY Change Appointee If you wish to designate another person to attend, vote and act on your behalf at the Meeting, or any adjournment or postponement thereof, other than the person(s) specified above, go to www.proxyvote.com or print your name or the name of the other person attending the Meeting in the space provided herein and provide a unique APPOINTEE IDENTIFICATION NUMBER USING ALL BOXES for your Appointee to access the Virtual Meeting. You may choose to direct how your Appointee shall vote on matters that may come before the Meeting or any adjournment or postponement thereof. Unless you instruct otherwise your Appointee will have full authority to attend, vote, and otherwise act in respect of all matters that may come before the Meeting or any adjournment or postponement thereof, even if these matters are not set out in the proxy form or the circular for the Meeting. You can also change your Appointee online at www.proxyvote.com. You MUST provide your Appointee the EXACT NAME and an EIGHT (8) CHARACTER APPOINTEE IDENTIFICATION NUMBER to access the Virtual Meeting.Appointees can only be validated at the Virtual Meeting using the EXACT NAME and EIGHT (8) CHARACTER APPOINTEE IDENTIFICATION NUMBER you enter below. Brett Fox, or failing him, Michelle Campbell June 8, 2021 July 14, 2021 Friday, July 16, 2021 Special Meeting Brookfield Property Partners L.P. |