Brookfield Business Corporation Announces Renewal of Normal Course Issuer Bid

BROOKFIELD, News, Aug. 14, 2026 (GLOBE NEWSWIRE) — Brookfield Business Corporation (NYSE, TSX: BBUC) today announced that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by Brookfield Business Corporation of its intention to renew its normal course issuer bid for its class A subordinate voting shares (“Shares”). Brookfield Business Corporation believes that the Shares may from time to time trade in a price range that does not fully reflect their value and that, in such circumstances, the acquisition of Shares may represent an attractive use of available funds.

At the close of business on August 7, 2026, there were 205,442,014 Shares issued and outstanding. Brookfield Business Corporation is authorized to purchase up to 10,272,100 Shares, representing up to 5% of the issued and outstanding Shares at the close of business on August 7, 2026. Under Brookfield Business Corporation’s normal course issuer bid, it may purchase up to 33,379 Shares on the TSX during any trading day, which represents 25% of the average daily trading volume of 133,517 Shares on the TSX for the period from March 31, 2026 to July 31, 2026.

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Purchases are authorized to commence on August 19, 2026 and will terminate on August 18, 2027, or earlier should Brookfield Business Corporation complete its purchases prior to such date.

Brookfield Business Holdings Corporation (formerly, Brookfield Business Corporation) (“BBHC”) previously sought and received approval from the TSX to purchase up to 3,499,836 class A exchangeable subordinate voting shares of BBHC (“BBHC Shares”) under the normal course issuer bid for the period from August 19, 2025 to August 18, 2026. The normal course issuer bid was adopted by Brookfield Business Corporation upon completion of the corporate simplification of Brookfield Business Partners L.P. and BBHC into a single Canadian corporation on March 27, 2026. BBHC and Brookfield Business Corporation and their affiliates purchased an aggregate of 3,499,836 BBHC Shares and Shares (the maximum number approved for purchase) under the normal course issuer bid through the facilities of the TSX, the New York Stock Exchange (“NYSE”) and/or alternative trading systems in Canada and the United States at a weighted average price paid of US$32.98 per share.

Purchases of Shares will be made through the facilities of the TSX, the NYSE and/or alternative trading systems, and all Shares acquired by Brookfield Business Corporation under the normal course issuer bid will be cancelled.