Mr. Robert Courteau reports

ALTUS GROUP NAMES CARL FARRELL AS PRESIDENT

Altus Group Ltd. has appointed Carl Farrell to the newly created role of president. Mr. Farrell is a highly successful technology executive with over 30 years of extensive global experience in the software, data and professional services industry. He has been a member of the company's board of directors since 2014 and will continue to serve on Altus Group's board of directors as a non-independent director.

Mr. Farrell most recently served as the executive vice-president and chief revenue officer for SAS Institute, the global leader in the business analytics market. During his 15-year tenure with SAS, he held responsibilities for sales, professional services, marketing and overall global operations.

In this newly created role, Mr. Farrell will have broad operational and strategic responsibilities that bring together data, software and professional services bringing greater value for the company's clients. He will have direct oversight of Altus Analytics, RVA Canada and the cost-consulting business. In addition, for the company he will oversee key business development, marketing, information technology and software development operations.

Mr. Farrell will report to Robert Courteau, chief executive officer, who will continue to have direct oversight for two of the company's larger business units, Global Property Tax and Geomatics. In addition, Mr. Courteau and Mr. Farrell will continue to work closely together on global innovation initiatives along with the company's largest clients to ensure that Altus Group continues to deepen its capabilities for the marketplace. With these changes, the company has laid further groundwork for scale and innovation.

"Carl's knowledge of the company and his deep experience in analytics and software, make him a great fit for the company. His contributions as a board member have given him unique perspectives of Altus Group and the industry and will enable him to ramp up quickly. We are delighted Carl has joined our outstanding executive team," said Raymond Mikulich, chairman of Altus Group.

"I'm very excited to welcome Carl to the executive team," said Mr. Courteau, CEO of Altus Group. "Carl's experience and his approach to growth are perfectly aligned with our direction and strategy. His knowledge of how companies utilize software and data will accelerate our differentiation as the market leader."

"I am thrilled to join the leading provider of advisory services, data solutions and software to the global commercial real estate industry," said Mr. Farrell. "I have been a proud member of the Altus Group board for several years and have seen the company evolve its leadership position. This is a great organization and I look forward to working with this talented team to achieve the goals and seize the opportunities in front of us in a rapidly evolving global market."

About Altus Group Ltd.

Altus Group is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. The company's businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise and technology-enabled capabilities. Headquartered in Canada, the company has approximately 2,500 employees around the world, with operations in North America, Europe and Asia Pacific.

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