TORONTO, ONTARIO -- (Marketwired) -- 12/01/14

Altus Group Limited ("Altus Group" or "the Company") (TSX: AIF) announced today that it has completed the previously announced acquisition of SC&H Group Inc.'s ("SC&H") State and Local Tax ("SALT") consulting practice, a leading provider of specialized state and local tax and advisory services in the United States ("US").

Altus Group paid approximately US$38 million to acquire SC&H SALT, funded through a combination of cash, bank debt and equity (approximately $2 million). Approximately 107,000 shares were issued from Treasury, priced at $21.35 based on a 30-day average price.

Highlights:

--  Immediately expands market share and geographic reach in the US,
    expanding Altus Group as one of the largest property tax advisors in the
    US and globally - best equipped to service large multi-national clients
    with operations in Canada, the US, and the United Kingdom ("UK")
--  Strengthens expertise with approximately 93 additional professionals,
    adding significant state-specific knowledge (more than doubles US Tax
    team to approximately 165 employees)
--  Strengthens property tax offerings with complementary and new business
    lines
--  Diversifies client base across wide spectrum of industry sectors, adding
    to growing list of Fortune 500 clients
--  Immediately financially accretive to adjusted earnings per share ("EPS")

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 Business Units, bringing together years of experience, a broad range of expertise and technology into one comprehensive platform: Research, Valuation and Advisory; ARGUS Software; Property Tax; 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.

We have approximately 2,300 employees located in offices around the world, including North America, Europe and Asia Pacific. Our clients include some of the world's largest real estate industry participants, including financial institutions, investment funds, insurance companies, accounting firms, real estate organizations, real estate investment trusts, healthcare institutions, industrial companies, foreign and domestic private investors, real estate developers and lenders, governmental institutions and firms in the oil and gas sector.

The Company is focused on creating sustainable shareholder value that generates long-term returns by targeting organic and accretive growth while providing quarterly dividend payments of $0.15 per share. Altus Group's securities are traded on the TSX under the symbols AIF and AIF.DB.A.

For more information on Altus Group, please visit: www.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, but is not limited to, the acquisition of SALT and the operational and financial prospects related thereto; Altus Group's business and operating initiatives; and its expectations of future performance for its various business units. 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. The material factors or assumptions that were identified and were applied by Altus Group in drawing conclusions or making forecasts or projections set out in the forward-looking information include, but are not limited to: the successful execution of Altus Group's business strategies (including the success of its initiatives related to SALT); consistent and stable economic conditions or conditions in the financial markets; consistent and stable legislation in the various countries in which Altus Group operates; no disruptive changes in the technology environment; the opportunity to acquire accretive businesses; the successful integration of Altus Group's businesses; and the continued availability of qualified professionals. Please consult Altus Group's most recent regulatory filings on SEDAR for more information on the Company's forward-looking statements.

Given these risks, uncertainties and other factors, investors should not place undue reliance on forward-looking information as a prediction of actual results. The forward-looking information reflects management's current expectations and beliefs regarding future events and operating performance and is based on information currently available to management. Although Altus Group has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information contained herein, there are other factors that could cause results not to be as anticipated, estimated or intended. The forward-looking information contained herein is current as of the date of this press release and, except as required under applicable law, Altus Group does not undertake to update or revise it to reflect new events or circumstances. Additionally, Altus Group undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Altus Group, its financial or operating results, or its securities.

Contacts:
Altus Group Limited
Camilla Bartosiewicz
Vice President, Investor Relations
(416) 641 - 9773
camilla.bartosiewicz@altusgroup.com