Brookfield Asset Management Ltd.

ITEM 2: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Share Repurchases in the First Quarter of 2026

BAM’s approved Normal Course Issuer Bid, which constitutes its current share repurchase program, authorizes BAM to repurchase up to 36,946,177 Class A Shares during the period from January 13, 2026 to January 12, 2027. As of March 31, 2026, BAM had repurchased 8,183,352 Class A Shares under the bid, leaving 28,762,825 Class A Shares available for repurchase. An additional 14,400 Class A Shares were repurchased under the previous program which expired on January 12, 2026, bringing total repurchases for the quarter up to 8,197,752 Class A Shares.

Repurchases under the bid may be made from time to time through open market transactions on any of the NYSE, TSX, or alternative trading systems, subject to applicable law. The timing, manner, price and amount of any repurchases will be determined by BAM in its discretion and will depend on a variety of factors, including legal requirements, prevailing share price, economic and market conditions. The bid will remain in effect until January 12, 2027, unless BAM repurchases the maximum approved number of Class A Shares before that date. The bid does not require BAM to repurchase any specific number of Class A Shares and may be suspended, extended, modified or discontinued at any time.