AIF Altus Group Limited

Altus Group Limited ("Altus Group" or "the Company") (TSX:AIF) announced today
that it plans to redeem all of its outstanding 5.75% Convertible Debentures (the
"Debentures"). The Debentures, which have a maturity date of December 31, 2017,
will be redeemed by the Company early on July 28, 2014 (the "Redemption Date")
in accordance with the terms of the Debenture trust indenture. The Debentures
are listed on the Toronto Stock Exchange under the symbol "AIF.DB". 


The aggregate principal amount of the Debentures is $50 million. On the
Redemption Date, Altus Group will pay the holders of the redeemed Debentures a
redemption price equal to $1,000 for each $1,000 principal amount of Debentures
and all accrued and unpaid interest up to but excluding the Redemption Date.
Altus Group intends to use cash on hand or available to be drawn on its credit
facilities to pay the redemption price.


Formal notice of redemption is being delivered to the Debenture holders through
the Debenture Trustee, BNY Trust Company of Canada, in accordance with the trust
indenture. Beneficial holders of the Debentures are encouraged to contact their
investment dealer to coordinate the surrender of their Debentures or if they
have any questions about the redemption. 


Holders of the Debentures have the right to convert their Debentures into Altus
Group common shares at a conversion price of $18.60 per share, representing a
conversion rate of 53.7634 Altus Group common shares per $1,000 principal amount
of Debentures. Assuming that all Debentures holders exercise their right to
convert, approximately 2.7 million common shares will be issued from Treasury.
No action is required to be taken by holders of the Debentures if they wish to
have their Debentures redeemed in cash. 


"The strong performance of our share price allows us to redeem the 5.75%
Debentures well in advance of their maturity in 2017," said Angelo Bartolini,
Chief Financial Officer. "The early conversion of the Debentures has economic
benefits for the Company by lowering net cash distributions, while reducing the
debt on our balance sheet and increasing the market liquidity of our shares." 


About Altus Group Limited 

Altus Group is a leading provider of independent commercial real estate
consulting and advisory services, software and data solutions. We operate five
interrelated Business Units, bringing together years of experience and a broad
range of expertise into one comprehensive platform: Research, Valuation and
Advisory; ARGUS Software; Property Tax Consulting; Cost Consulting and Project
Management and Geomatics. Our suite of services and software enables clients to
analyze, gain insight and recognize value on their real estate investments. 


Altus Group has over 1,900 employees in multiple offices around the world,
including Canada, the United States, the United Kingdom, Australia and Asia
Pacific. Altus Group's clients include financial institutions, private and
public investment funds, insurance companies, accounting firms, public real
estate organizations, real estate investment trusts, healthcare institutions,
industrial companies, foreign and domestic private investors, real estate
developers, governmental institutions and firms in the oil and gas sector. 


Forward-Looking Information 

Certain information in this press release may constitute "forward-looking
information" within the meaning of applicable securities legislation. All
information contained in this press release, other than statements of current
and historical fact, is forward-looking information. Forward-looking information
includes information that relates to, among other things, objectives, strategies
and intentions, and future financial and operating performance and prospects.
Generally, forward-looking information can be identified by use of words such as
"may", "will", "expect", "believe", "plan", "would", "could" and other similar
terminology. All of the forward-looking information in this press release is
qualified by this cautionary statement. Forward-looking information is not, and
cannot be, a guarantee of future results or events. Forward-looking information
is based on, among other things, opinions, assumptions, estimates and analyses
that, while considered reasonable by Altus Group at the date the forward-looking
information is provided, inherently are subject to significant risks,
uncertainties, contingencies and other factors that may cause actual results,
performance or achievements, industry results or events to be materially
different from those expressed or implied by the forward-looking information.
Please consult Altus Group's most recent regulatory filings on SEDAR for more
information on the Company's forward-looking statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Altus Group Limited
Camilla Bartosiewicz
Vice President, Investor Relations
(416) 641-9773
camilla.bartosiewicz@altusgroup.com
www.altusgroup.com

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