IWG International Workplace : No intention to make an offer for IWG plc

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO OR FROM, ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE 'CODE').

FOR IMMEDIATE RELEASE

Statement from funds managed by affiliates of Brookfield Asset Management, Inc.(TSX: BAM.A, NYSE: BAM, Euronext: BAMA) ('Brookfield') and Onex Corporation or its affiliates(TSX: ONEX) ('Onex') (together, the 'Consortium')

No intention to make an offer for IWG plc ('IWG')

Further to the announcements by IWG dated 23 December 2017 and 19 January 2018, the Consortium announces that following discussions with the Board and management of IWG it does not intend to make an offer for IWG.

As a result of this announcement, the Consortium and any person(s) acting in concert with it will be bound by the restrictions contained in Rule 2.8 of the Code.

For the purposes of Rule 2.8 of the Code, the Consortium, any member of the Consortium and any person(s) acting in concert with it reserves the right to make or participate in an offer or possible offer for IWG (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within 6 months following the date of this announcement:

(i) with the agreement of the Board of IWG;

(ii) following the announcement of a firm intention to make an offer for IWG by a third party;

(iii) following the announcement by IWG of a 'whitewash' proposal (for the purposes of Note 1 on the Notes on Dispensations from Rule 9 of the Code) or a reverse takeover; or

(iv) if the Panel on Takeovers and Mergers determines that there has been a material change of circumstances.

Enquiries:

Brookfield

Claire Holland [phone]

Ged Brumby/Rob Yates, Smithfield [phone]

Onex

Emilie Blouin [phone]

Important Notices

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

MAR

The information contained within this announcement is considered by the Consortium to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014 ('MAR'). Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.