AIF Altus Group Limited

Altus Group Limited ("Altus") (TSX:AIF) announced today that it has completed
the previously announced merger of Realm Solutions, Inc. ("Realm"), owner of
ARGUS Software ("ARGUS"), with a subsidiary of Altus for aggregate consideration
of US$130 million. 


By combining ARGUS' market-leading real estate software products with its own
proprietary data stores, Altus will create a powerful new platform that will
offer clients value-added commercial real estate data and analytics.


"This acquisition signals an enormous step forward for Altus." said Gary Yeoman,
Chief Executive Officer of Altus. "In addition to offering immediate value and
deeper penetration into the United States and overseas, this acquisition is
fundamental to Altus' future growth by allowing us to offer clients new tools,
more in depth insight and an even broader scope of services."


The acquisition of ARGUS generates a number of tangible benefits for Altus,
including: 




--  It is accretive to adjusted earnings and cash flow by providing Altus
    with ownership of a global brand leader in real estate software
    solutions, over 4,600 new clients, and access to new sources of
    recurring revenue; 
--  It further extends Altus' reach into the U.S. and overseas markets; and,
--  It helps accelerate Altus' evolution into a global market leader in the
    provisioning of value-added commercial real estate data and analytics
    solutions including benchmarking, indices and risk analysis.



"ARGUS is excited to move forward as part of the Altus team and we're
enthusiastic about what can be achieved by working together," said Mark
Kingston, who continues with ARGUS as President, ARGUS Software and assumes the
role of Chief Knowledge Officer of Altus. "Our unique combination of data,
analytics and industry intelligence will mean new and more intuitive tools that
will deliver a higher standard of information facilitating better decision
making ability for our clients."


About ARGUS

For over 25 years, ARGUS has been the leading global provider of software and
solutions for analysis and management of commercial real estate investments.
ARGUS products are the industry standard and provide a complete solution for
managing and growing a commercial real estate portfolio. More than 4,600 of the
real estate industry's leading owners, managers, financial institutions,
brokerages and REITs, in 45 countries and on five continents use ARGUS solutions
to improve the visibility and flow of information throughout their critical
business processes. These solutions include asset management, asset valuation,
portfolio management, budgeting, forecasting, reporting and lease management. As
the leading provider of real estate solutions, ARGUS has unique insight into the
needs and wants of its customers and works hard at providing up to date and
relevant solutions to its clients.


About Altus Group Limited 

Altus is the leading multidisciplinary provider of independent real estate
consulting and professional advisory services worldwide. With a staff of over
1,800, Altus has a network of over 65 offices in 14 countries worldwide,
including Canada, UK, Australia, Asia and the United States. Altus operates four
interrelated Business Units, bringing years of expertise together into one
comprehensive platform: Research, Valuation and Advisory; Cost Consulting and
Project Management; Realty Tax Consulting and Geomatics services. Altus' clients
include banks, financial institutions, governments, pension funds, asset and
fund managers, developers and landlords and companies engaged in the oil and gas
industry.


Forward Looking Statements

Certain statements contained herein may constitute "forward-looking" statements,
which involve known and unknown risks, uncertainties and other factors, which
may cause the actual results, performance or achievements of Altus and its
subsidiary entities, to be materially different from any future results,
performance or achievements expressed or implied by such forward looking
statements. This press release has statements using words such as "may", "will",
"expect", "believe", "plan", "would", "could" and other similar terminology.
These statements are not guarantees of future performance and are subject to
numerous risks and uncertainties which could cause actual results to differ
materially from the forward-looking statements, including those described in
Altus' publicly filed documents, including the Annual Information Form (which
are available on SEDAR at www.sedar.com). Those risks and uncertainties include:
general state of the economy; dependence on oil and gas sector; competition in
the industry; ability to attract and retain professionals; interest rate risk;
currency risk; credit risk; ability to maintain profitability and manage growth;
revenue and cash flow volatility; dependence on Canadian multi-residential
market; integration of acquisitions; protection of intellectual property;
weather; fixed-price and contingency engagements; performance of obligations /
maintenance of client satisfaction; appraisal mandates; customer concentration;
operating risks; risk of future legal proceedings; legislative and regulatory
changes; insurance limits; income tax matters; fluctuation of cash dividends;
unpredictability and volatility of common share price; capital investment;
dilution of existing shareholder interests; leverage and restrictive covenants;
and, investment eligibility. Given these risks and uncertainties, investors
should not place undue reliance on forward-looking statements as a prediction of
actual results. These statements reflect management's current expectations
regarding future events and operating performance and speak only as of the date
of this press release. Although the forward-looking statements contained in this
press release are based upon what management believes to be reasonable
assumptions, Altus cannot assure investors that actual results will be
consistent with these forward-looking statements. These forward-looking
statements are made as of the date of this press release and, except in
accordance with applicable law, Altus assumes no obligations to update or revise
them to reflect new events or circumstances. Additionally, Altus undertakes no
obligation to comment on analyses, expectations or statements made by third
parties in respect of Altus, its financial or operating results, or its
securities.

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