Brookfield Office Properties Announces Quarterly Dividend Rate on Its Series S Preference Shares

All amounts in Canadian dollars

BROOKFIELD NEWS, Dec. 02, 2016 (GLOBE NEWSWIRE) — Brookfield Office Properties Inc. (“Brookfield”), a subsidiary of Brookfield Property Partners (NYSE:BPY) (TSX:BPY.UN), today announced the quarterly dividend rate on its Class AAA Preference Shares, Series S (“Series S Shares”) (TSX:BPO.PR.S).

The dividend is paid at an annual rate, calculated for each quarter, of 3.48% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the January 1, 2017 to March 31, 2017 dividend period for the Series S Shares will be 0.98384% (3.99% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.24596 per share, payable on March 31, 2017.

About Brookfield Office Properties

Brookfield Office Properties Inc. is a subsidiary of Brookfield Property Partners (NYSE:BPY) (TSX:BPY.UN), a global commercial property company that owns, operates and invests in best-in-class office, retail, multifamily, triple net lease, industrial, hospitality, self-storage, and student housing assets. Brookfield Office Properties owns, develops and manages premier office properties in the United States, Canada, Australia and Europe. Its portfolio is comprised of interests in 120 properties totaling 88 million square feet in the downtown cores of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, London, Berlin, Sydney, Melbourne and Perth, making Brookfield the global leader in the ownership and management of office assets. Landmark properties include Brookfield Places in New York City, Toronto and Perth, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary and Darling Park in Sydney.

BPO-DISC

CONTACT: Brookfield Contact:

Matt Cherry, Vice President, Investor Relations & Communications
(212) 417-7488; matthew.cherry@brookfield.com