Dividend Information

Tax Treatment of 2012 Dividends

U.S. Residents: Common share distributions paid to U.S. shareholders should be treated as a return of capital. Distributions on preferred shares should be treated as fully taxable.

This reporting complies in aggregate with the new U.S. tax reporting under Section 6045B of the Internal Revenue Code and is based on information available to date.

Withholding Tax on Dividends: Under Canadian domestic law, dividends paid by Brookfield Office Properties. to a non-resident shareholder are subject to 25% withholding tax. Generally, the Canada – U.S. Income Tax Treaty will reduce the rate of dividend withholding tax from 25% down to 15% for a resident of the United States. Where the U.S. resident owns the shares of Brookfield Office properties. in a 401K or similar plan, the Canada – U.S. Income Tax Treaty will reduce the rate of dividend withholding tax to nil.

Canadian Residents: Common and preferred share distributions are treated as taxable dividends from a Canadian corporation. Individuals resident in Canada are entitled to an enhanced dividend tax credit on "eligible dividends" received in 2012 and subsequent years. Brookfield Office Properties has determined that all dividends paid in 2012 are eligible dividends for this purpose.

BPO Properties Dividends

2012 BPO Properties (BPP) preferred share dividends are treated as taxable dividends from a Canadian corporation. Individuals resident in Canada are entitled to an enhanced dividend tax credit on "eligible dividends" received in 2012 and subsequent years. BPO Properties Ltd. has determined that all dividends paid in 2012 are eligible dividends for this purpose.

Eligible Dividend Information
For purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends (and deemed dividends) paid by BPO Properties Ltd. to Canadian residents on our common and preferred shares in 2012 and thereafter are designated as "eligible dividends." Unless stated otherwise, all dividends (and deemed dividends) are designated as "eligible dividends" for the purposes of these rules.

Preferred Shares
Series G — BPP.PR.G; BPO Properties Prospectus for Preferred G Shares
Series J — BPP.PR.J; BPO Properties Prospectus for Preferred J Shares
Series K — Not Listed
Series M — BPP.PR.M; BPO Properties Prospectus for Preferred M Shares
Series N — Not Listed

Eligible Dividend Information

For purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends (and deemed dividends) paid by Brookfield Office Properties to Canadian residents on our common and preferred shares in 2012 and thereafter are designated as "eligible dividends." Unless stated otherwise, all dividends (and deemed dividends) are designated as "eligible dividends" for the purposes of these rules.

Exchange Rates

2009

2010

2011

2012

2013

1 USD =
1.2914 CAD

1 USD =
1.0416 CAD

1 USD =
0.9749 CAD

1 USD =
0.9859 CAD

1 USD =
1.0271 CAD

1 USD =
1.0910 CAD

1 USD =
1.0540 CAD

1 USD =
0.9757 CAD

1 USD =
1.0394 CAD

1 USD =
1.1041 CAD

1 USD =
1.0520 CAD

1 USD =
0.9755 CAD

1 USD =
0.9857 CAD

1 USD =
1.0467 CAD

1 USD =
1.0170 CAD

1 USD =
1.0143 CAD

1 USD =
0.9936 CAD


Dividend Summary for ticker BPO (NYSE) Brookfield Office Properties
Quarter	Record	Payable	Amount
Q1-13	1-Mar-2013	28-Mar-2013	$0.14
Q4-12	30-Nov-2012	31-Dec-2012	$0.14
Q3-12	01-Sep-2012	28-Sep-2012	$0.14
Q2-12	01-Jun-2012	29-Jun-2012	$0.14
Q1-12	01-Mar-2012	30-Mar-2012	$0.14
Q4-11	01-Dec-2011	30-Dec-2011	$0.14
Q3-11	01-Sep-2011	30-Sep-2011	$0.14
Q2-11	01-Jun-2011	30-Jun-2011	$0.14
Q1-11	01-Mar-2011	31-Mar-2011	$0.14
Q4-10	01-Dec-2010	31-Dec-2010	$0.14
Q3-10	01-Sep-2010	30-Sep-2010	$0.14
Q2-10	01-Jun-2010	30-Jun-2010	$0.14
Q1-10	01-Mar-2010	31-Mar-2010	$0.14
Q4-09	01-Dec-2009	31-Dec-2009	$0.14
Q3-09	01-Sep-2009	30-Sep-2009	$0.14
Q2-09	01-Jun-2009	30-Jun-2009	$0.14
Q1-09	02-Mar-2009	31-Mar-2009	$0.14
Q4-08	01-Dec-2008	31-Dec-2008	$0.14
Q3-08	01-Sep-2008	30-Sep-2008	$0.14
Q2-08	02-Jun-2008	30-Jun-2008	$0.14
Q1-08	03-Mar-2008	31-Mar-2008	$0.14
Q4-07	03-Dec-2007	31-Dec-2007	$0.14
Q3-07	04-Sep-2007	28-Sep-2007	$0.14
Q2-07	01-Jun-2007	29-Jun-2007	$0.14
Q1-07	01-Mar-2007	30-Mar-2007	$0.13
Q4-06	01-Dec-2006	29-Dec-2006	$0.13
Q3-06	01-Sep-2006	30-Sep-2006	$0.13
Q2-06	01-Jun-2006	30-Jun-2006	$0.13
Q1-06	01-Mar-2006	31-Mar-2006	$0.12
Q4-05	01-Dec-2005	30-Dec-2005	$0.12
Q3-05	01-Sep-2005	30-Sep-2005	$0.12
Q2-05	01-Jun-2005	30-Jun-2005	$0.12
Q1-05	01-Mar-2005	31-Mar-2005	$0.07
Q4-04	01-Dec-2004	30-Dec-2004	$0.07
Q3-04	01-Sep-2004	30-Sep-2004	$0.07
Q2-04	01-Jun-2004	30-Jun-2004	$0.07
Q1-04	01-Mar-2004	31-Mar-2004	$0.07
Q4-03	01-Dec-2003	31-Dec-2003	$0.07
Q3-03	02-Sep-2003	30-Sep-2003	$0.07
Q2-03	02-Jun-2003	30-Jun-2003	$0.05
Q1-03	03-Mar-2003	31-Mar-2003	$0.05

* Per share dividends recalculated for the three-for-two stock splits effective May 4, 2007 & March 31, 2005