Company: BBU
Filing Date: 2025-02-28
Form Type: F-3
Source: 0001104659-25-019207
Chunk: 40

Company: Brookfield Business Partners L.P.
Filing Date: 2025-02-28
Form: F-3
Chunk 40
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S

### PLAN OF DISTRIBUTION
This prospectus relates to the registration of up to an aggregate of 132,683,978 units that may be issued by the partnership or delivered by BBUC or Brookfield, the selling securityholder, in each case in connection with the satisfaction of exchange requests by a holder of exchangeable shares of BBUC, in accordance with the terms thereof as provided in the BBUC articles and if applicable, the Rights Agreement; or upon redemption or acquisition of exchangeable shares by us in accordance with the BBUC articles. The exchangeable shares that may be so exchanged, redeemed or acquired include the exchangeable shares that may be issued from time to time in the future pursuant to either Regulation S under the Securities Act or another effective registration statement under the Securities Act.

The delivery of units by Brookfield, as selling securityholder, may be deemed to be conducted by or on behalf of the partnership.

No broker, dealer or underwriter has been engaged in connection with any such exchange. We will pay all expenses of effecting the exchanges pursuant to this prospectus.

For more information, see “ Exchange of Exchangeable Shares for Units ”.

### MATERIAL UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS
The following is a summary of certain material United States federal income tax considerations for holders relating to the exchange of exchangeable shares for units as described in this prospectus as of the date hereof. This summary is based on provisions of the Code, on the regulations promulgated thereunder (the “

#### Treasury Regulations
”), and on published administrative rulings, judicial decisions, and other applicable authorities, all as in effect on the date hereof and all of which are subject to change at any time, possibly with retroactive effect. This summary should be read in conjunction with the discussion of the principal U.S. federal income tax considerations associated with the operations of the partnership and the purchase, ownership, and disposition of units set forth in Item 10.E “ Taxation — Certain Material U.S. Federal Income Tax Considerations ” and Item 3.D “ Risk Factors — Risks Relating to Taxation ” in our Annual Report on Form 20-F. The following discussion is limited as described in Item 10.E “ Taxation — Certain Material U.S. Federal Income Tax Considerations ” in our Annual Report on Form 20-F and as described herein.

This summary is necessarily general and may not apply to all categories of investors, some of whom may be subject to special rules, including, without limitation