Ms. Camilla Bartosiewicz reports

ALTUS GROUP ANNOUNCES SECOND QUARTER 2023 DIVIDEND

Altus Group Ltd.'s board of directors has approved the payment of a cash dividend of 15 cents per common share for the second quarter ending June 30, 2023.

Payment will be made on July 17, 2023, to holders of common shares of record as at June 30, 2023.

Altus Group's dividend reinvestment plan permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the company. For shareholders who wish to reinvest their dividends under the DRIP, Altus Group intends to issue common shares from treasury at a price equal to 96 per cent of the weighted-average closing price of the shares for the five trading days preceding the dividend payment date.

Full details of the DRIP program are available on the company website.

Altus Group confirms that all dividends paid or deemed to be paid to its common shareholders qualify as eligible dividends for purposes of Subsection 89(14) of the Income Tax Act (Canada) and similar provincial and territorial legislation, unless indicated otherwise.

About Altus Group Ltd.

Altus Group is a leading provider of asset and fund intelligence for commercial real estate. It delivers intelligence as a service to its global client base through a connected platform of industry-leading technology, advanced analytics and advisory services. Trusted by the largest CRE leaders, its capabilities help commercial real estate investors, developers, proprietors, lenders and advisers manage risks and improve performance returns throughout the asset and fund life cycle. Altus Group is a global company headquartered in Toronto with approximately 2,800 employees across North America, Europe, the Middle East and Africa, and Asia Pacific.