AIF Altus Group Limited

Altus Group Limited ("Altus") (TSX:AIF) today announced that it has entered into
a binding letter of intent to sell its 100% interest in Altus Residential
Limited ("ARL") to Real Matters Inc. ("Real Matters") for $8.2 million, payable
through the issuance of additional Real Matters shares.


Real Matters (formerly Solidifi Inc.) is a Toronto-based technology company that
provides insights into residential and commercial properties for mortgage
lenders and insurance companies across North America. Altus Group has been a
strategic partner and shareholder since 2008.


Incorporated in 2009, ARL is a wholly owned subsidiary of Altus Group, providing
single-family residential appraisal management services on a fixed-fee basis.


This sale is part of Altus Group's ongoing efforts to manage its strategic
relationships and assets with increased efficiency. Capitalizing on the
increased value of Altus' investment in Real Matters, this transaction
strengthens the Altus Group/Real Matters relationship, while consolidating
Altus' interest in the company. As a result of this sale, Altus' share in Real
Matters will increase from its current holding of 20% to 27%.


"This move simplifies the joint relationship with Real Matters. We are happy
with the strong return on our investment and Real Matters' growing success in
the market," stated Bob Courteau, CEO, Altus Group.


The transaction is intended to close on or before January 31, with effect as of
January 1, 2013.


About Altus Group Limited 

Altus leads the global real estate industry in offering professional real estate
advisory services, data solutions and intelligence about an organization's
assets, generating a wealth of knowledge and insight. With a staff of over
1,700, Altus has a network of over 60 offices in 14 countries worldwide,
including Canada, the United Kingdom, Australia, Asia and the United States. We
operate five interrelated Business Units, bringing years of experience and a
broad range of expertise together into one comprehensive platform: Research,
Valuation and Advisory; Cost Consulting and Project Management; Realty Tax
Consulting, Geomatics and ARGUS Software. Altus' clients include banks,
financial institutions, governments, pension funds, asset and fund managers,
developers and landlords and companies engaged in the oil and gas industry.


Forward-Looking Information 

Certain information in this press release may constitute "forward-looking
information" within the meaning of applicable securities legislation. Generally,
forward-looking information can be identified by use of words such as "may",
"will", "expect", "believe", "plan", "would", "could" and other similar
terminology. Inherent in the forward-looking information are known and unknown
risks, uncertainties and other factors which could cause actual results,
performance or achievements of Altus, or industry results, to differ materially
from any results, performance or achievements expressed or implied by such
forward-looking information. Those risks, uncertainties and other factors that
could cause actual results to differ materially from the forward-looking
information include: general state of the economy; competition in the industry;
ability to attract and retain professionals; integration of acquisitions;
dependence on oil and gas sector; dependence on Canadian multi-residential
market; customer concentration; currency risk; interest rate risk; reliance on
larger software transactions with longer and less predictable sales cycles;
success of new product introductions; ability to respond to technological change
and develop products on a timely basis; ability to maintain profitability and
manage growth; revenue and cash flow volatility; credit risk; protection of
intellectual property or defending against claims of intellectual property
rights of others; weather; fixed-price and contingency engagements; operating
risks; performance of obligations/maintenance of client satisfaction; appraisal
mandates; legislative and regulatory changes; risk of future legal proceedings;
insurance limits; income tax matters; ability to meet solvency requirements to
pay dividends; leverage and restrictive covenants; 

unpredictability and volatility of common share price; capital investment; and
issuance of additional common shares diluting existing shareholders' interests,
as well as those described in Altus' publicly filed documents, including the
Annual Information Form (which are available on SEDAR at www.sedar.com). 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 Altus' and management's current
expectations and beliefs regarding future events and operating performance and
is based on information currently available to management. Although Altus 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 does not undertake to update or revise it to reflect new events or
circumstances. Additionally, Altus undertakes no obligation to comment on
analyses, expectations or statements made by third parties in respect of Altus,
its financial or operating results, or its securities.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Altus Group Limited
Sayla Nordin
VP, Investor Relations and Corporate Communications
(416) 557-0939
www.altusgroup.com

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