Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM), through Brookfield BBP Canada Holdings Inc., has entered into a subscription agreement with Superior Plus Corp. (TSX: SPB) for the purchase of US $260 million or approximately CDN $350 million of newly created perpetual exchangeable Series 1 Preferred Stock of Superior Plus US Holdings Inc., a subsidiary of Superior. The Preferred Stock may be exchanged, at Brookfield's option, into common shares of Superior at an exchange price of US $8.67 per common share subject to adjustment. The Preferred Stock will be entitled to vote on an as-exchanged basis on all matters on which holders of common shares vote, subject to a limit of 19.9% unless Superior shareholder approval is obtained. Brookfield and its affiliates currently own no voting or equity securities in the capital of Superior.