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ITEM 16B. CODE OF ETHICS

The Corporation has adopted a Code of Business Conduct and Ethics (the “Code of Business”) that applies to the members of the board of directors of our company, any officers or employees of the Corporation and any employees of the Service Providers performing obligations under the Master Services Agreement. The Code of Business is reviewed and updated annually. We have posted a copy of the Code of Business on our website at https://bbuc.brookfield.com. Information contained on, or that can be accessed through our website is not incorporated by reference into this Form 20-F.

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