Altus Group completes the sale of its Property Tax business to Ryan, LLC

About Altus Group

Altus Group is a leading provider of asset and fund intelligence for commercial real estate. We deliver intelligence as a service to our global client base through a connected platform of industry-leading technology, advanced analytics, and advisory services.

Trusted by the largest CRE leaders, our capabilities help commercial real estate investors, developers, lenders, and advisors manage risks and improve performance returns throughout the asset and fund lifecycle.

Altus Group is a global company headquartered in Toronto with approximately 1,900 employees across North America, EMEA and Asia Pacific. For more information about Altus Group (TSX: AIF) please visit altusgroup.com.

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, as well as use of net proceeds from the transaction contemplated in this press release and Altus Group’s expectations with respect to repayment of debt to targeted ratios, investments in innovation, return of capital to shareholders, and restructuring of corporate overhead.

Generally, forward-looking information can be identified by use of words such as “will” 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.

In addition, any return of capital initiative will be dependent on various factors present at the time, including share price, tax impacts, absence of any other capital allocation priorities, and receipt of any regulatory approvals.

As such, this press release does not constitute an offer to buy or the solicitation of an offer to sell any shares or an intention to conduct an issuer bid. Please consult Altus Group’s most recent regulatory filings on SEDAR+ for more information on Altus Group’s forward-looking statements.