has sold its Power Solutions Business to

Independent financial advisor to the board of directors of Johnson Controls

Duff & Phelps Advised Johnson Controls on the Sale of its Power Solutions Business to Brookfield Business Partners

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Johnson Controls announced a definitive agreement to sell its Power Solutions business to Brookfield Business Partners L.P., together with institutional partners, including Caisse de dépôt et placement du Québec, in a cash transaction valued at $13.2 billion.

Duff & Phelps served as an independent financial advisor to the board of directors of Johnson Controls and rendered a fairness opinion in connection with the transaction.

About Johnson Controls
Johnson Controls International plc (“Johnson Controls”) (NYSE:JCI) is a global diversified technology and multi-industrial leader serving a wide range of customers in more than 150 countries. Johnson Controls creates intelligent buildings, efficient energy solutions, integrated infrastructure and next generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities. Johnson Controls was founded in 1885 and is headquartered in Cork, Ireland.

About Johnson Controls Power Solutions Business
The Power Solutions business is a leading global supplier of lead-acid automotive batteries for virtually every type of passenger car, light truck and utility vehicle. Power Solutions serves both automotive original equipment manufacturers and the general vehicle battery aftermarket and also supplies advanced battery technologies to power start-stop, hybrid and electric vehicles.

About Brookfield Business Partners
Brookfield Business Partners is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and Toronto stock exchanges. Brookfield Business Partners is the flagship listed business services and industrials company of Brookfield Asset Management Inc. (NYSE: BAM)(TSX: BAM.A)(EURONEXT: BAMA), a leading global alternative asset manager with more than $300 billion of assets under management.

About Caissse de dépôt et placement du Québec
Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As of June 30, 2018, it held CA$308.3 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt.

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