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Press release from Marketwire

Brookfield Soundvest Split Trust (BSD.UN) Announces Intention to Make Normal Course Issuer Bid

Tuesday, October 12, 2010

Brookfield Soundvest Split Trust (BSD.UN) Announces Intention to Make Normal Course Issuer Bid12:39 EDT Tuesday, October 12, 2010OTTAWA, ONTARIO--(Marketwire - Oct. 12, 2010) - Brookfield Soundvest Capital Management Ltd. (the "Manager"), the manager of Brookfield Soundvest Split Trust (the "Trust") (TSX:BSD.UN) today announced that the Trust intends to purchase up to 520,675 Capital Units and 520,675 of its Preferred Securities (collectively, the "Shares") by way of a normal course issuer bid on the open market through the facilities of the Toronto Stock Exchange (the "TSX") or the following alternative markets, if eligible: CHI-X Canada, Alpha ATS, MATCH Now (Triact Canada), Omega ATS and Pure Trading. The 520,675 Capital Units represent approximately 10% of the public float of the Capital Units. The 520,675 Preferred Securities represent approximately 9.19% of the public float of the Preferred Securities. At October 1, 2010, there were 5,662,643 Capital Units and Preferred Securities issued and outstanding. The public float 5,206,759 Capital Units has been calculated as the issued and outstanding Capital Units less the Capital Units held by insiders of the Trust. No Preferred Securities are held by insiders of the Trust.In accordance with the Trust's declaration of trust and trust indenture, any Capital Units purchased for cancellation will be accompanied by the Trust repurchasing an equal number of Preferred Securities and vice versa. The normal course issuer bid will commence on October 14, 2010 and end on October 13, 2011 or on such earlier date as the Trust may complete its purchases or provide notice of termination. The price to be paid for the Shares under the normal course issuer bid will be the market price at the time of purchase. All Capital Units and Preferred Securities purchased by the Trust under this bid will be promptly cancelled. Under the normal course issuer bid, the Trust may not purchase in any 30 day period more than 113,252 Units, representing 2% of the issued and outstanding Capital Units as at the date of acceptance of the notice of the normal course issuer bid by the TSX. In the past twelve months the Trust has not purchased any of its Capital Units or Preferred Securities under the normal course issuer bid or otherwise. The Trust commenced trading as Brookfield Soundvest Split Trust on April 30, 2010 after a name and a mandate change. Prior to that date, the Trust was known as Brascan Soundvest Rising Distribution Split Trust. To the knowledge of the Manager, no director, senior office or other insider of the Manager intends to sell any Shares under this normal course issuer bid. Sales by such persons through the facilities of the TSX or elsewhere may occur if the circumstances or decisions of any such person changes. The benefits to any such person whose Shares are purchased would be the same as the benefits to available to all other holders whose Shares are purchased.The Manager is of the opinion that Capital Units and Preferred Securities of the Trust may become available during the proposed purchase period at prices that would make such purchases in the best interests of the Trust and its securityholders.Brookfield Soundvest Funds give investors access to tax-advantaged distributions while focusing on capital preservation and long-term total return. The manager and investment advisor and portfolio manager for the Trusts is Brookfield Soundvest Capital Management Ltd. (the "Manager"), an established investment advisor, providing investment management services to trusts, foundations, corporations and high net worth individuals.Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Manager or the Trust. The forward-looking statements are not historical facts but reflect the Manager's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, the ability of the Trust to purchase Units for cancellation by way of the normal course issuer bid, for whatever reason. Although the Manager believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Manager and the Trust undertake no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. For a complete disclosure record for the Trust please visit the Trust's profile on www.sedar.com.FOR FURTHER INFORMATION PLEASE CONTACT: Brookfield Soundvest Split Trust Investor Relations 888-777-4019 inquiries@brookfieldsoundvest.com www.brookfieldsoundvest.com