AIF Altus Group Limited

Altus Group ("Altus") (TSX:AIF) today announced that Mark Kingston, President of
ARGUS and Chief Knowledge Officer of Altus Group, will be leaving the company.
Mike Abramsky, Chief Technology Officer of Altus Group will assume interim
responsibility for ARGUS and the team. In addition, Altus announced the
departure of several members of the ARGUS management team. 


"Having joined ARGUS in 2003, Mark has been a technology leader in the
commercial real estate software industry, and I am grateful for the significant
contributions he and the departing team members have made," said Bob Courteau,
CEO of Altus Group. "The products and services that ARGUS delivers, including
the recently launched ARGUS Enterprise 9.0, offer incredible power to the
market. We expect to further enhance our market leading position at ARGUS, while
continuing our investments in innovative products and services. We'll also
further leverage the strategic alignment of ARGUS across all of Altus."


"I am proud of what the team has accomplished at ARGUS, and remain enthusiastic
regarding the potential of the important combination of ARGUS and Altus. ARGUS'
industry-leading financial analysis products remain the standard in the real
estate market," Kingston said. "I have decided to step down to spend more time
on special projects of interest to me, including my charitable foundation,
Messengers of Love."


Other departures at ARGUS Software include Chief Administrative Officer,
Managing Director, Global Solutions and Vice President of Industry Relations.
These changes are effective immediately. In conjunction with these changes,
Altus Group expects to post a Q1 restructuring charge.


About ARGUS Software 

ARGUS Software is the leading provider of software and solutions for analyzing
and managing the value of real estate investments worldwide. ARGUS Software has
a world-class user base, consisting of over 90,000 users, and has been focused
solely on the commercial real estate segment for over 20 years. The ARGUS
Software portfolio includes industry-standard products, including ARGUS
Enterprise 9, the most robust asset management solution in a single, integrated
platform.


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 50 offices in a number of countries
worldwide, including Canada, the United Kingdom, the United States, Australia
and China. 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", "intend" and other similar terminology. Forward-looking
information includes, but is not limited to, expectations with respect to the
products and services offered by ARGUS Software and its integration with other
Altus divisions. The forward-looking information reflects Altus' and
management's current expectations, beliefs and assumptions regarding future
events and operating performance and is based on information currently available
to management. The assumptions made in making certain projections include, but
are not limited to, the success of product development and launch initiatives,
the supply and demand for ARGUS' products and services and the execution of
certain business strategies. 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 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;
currency 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; protection of intellectual property
or defending against claims of intellectual property rights of others; and
performance of obligations/maintenance of client satisfaction; legislative and
regulatory changes; risk of future legal proceedings; insurance limits; income
tax matters; 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. 


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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