AIF Altus Group Limited

Altus Group Limited ("Altus") (TSX:AIF) today announced that Stuart H. B. Smith
has been appointed as Executive Chairman and Acting CEO in addition to his
current duties as a director of Altus. Mr. Smith replaces Gary Yeoman, who is no
longer employed by Altus Group, effective immediately. The board wishes him best
of luck in his future endeavours.


"Altus is fortunate to have an excellent team of business leaders in place
companywide, and I am confident that we have the business fundamentals necessary
to further advance our strategy and guide Altus through this period of
transition to even greater success," said Mr. Smith, "Gary's contribution and
expertise have been instrumental in building Altus over the years. I look
forward to the opportunity to build on our current momentum and further
strengthen the company."


Stuart H. B. Smith is a proven and respected leader in the commercial real
estate industry. A long-time director of Altus, he is a Chartered Accountant,
the Chairman of Epic Realty Partners and past President and Chief Executive
Officer of Oxford Properties Group. He has more than 30 years of experience as a
corporate officer and director.


The board anticipates a search for a new CEO to be undertaken in the near future.

About Altus Group Limited

Altus Group leads the global real estate industry in delivering data and
information about an organization's assets, generating a wealth of knowledge and
insight. With a staff of over 1,700, Altus has a network of over 70 offices in
14 countries worldwide, including Canada, UK, Australia, Asia and the United
States. We operate five interrelated Business units, bringing years of expertise
together into one comprehensive platform: Research, Valuation and Advisory; Cost
Consulting and Project Management; Realty Tax Consulting, Geomatics and ARGUS
Software. 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 in this press release 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. These risks and uncertainties are described in Altus'
publicly filed documents, including the Annual Information Form (which are
available on SEDAR at www.sedar.com). Although the forward-looking statements
contained in this press release are based upon what Altus 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 will not 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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