Altus Group Limited

Altus Group and AIF Merge, Creating a CRE Powerhouse

Combination Strengthens Position as Leading Provider of CRE Solutions

Vancouver, BC – January 12, 2023 – Altus Group Limited ("Altus Group") (TSX: AIF) and AIF Analytics Limited ("AIF") (TSX: AIF) today announced the completion of their previously announced merger. The combined company will operate under the Altus Group name.

Enhanced Capabilities and Global Reach

The merger brings together two highly complementary businesses, creating a global provider of commercial real estate (CRE) solutions. Altus Group offers a comprehensive suite of valuation, data, tax, and development services, while AIF provides leading asset and fund intelligence. Together, the combined company offers an unrivaled range of offerings to meet the evolving needs of the CRE industry.

The merger significantly expands Altus Group's global reach, with operations in over 30 countries. This enhanced scale and reach will enable the company to better serve clients and capitalize on growth opportunities worldwide.

Synergies and Value Creation

The combination is expected to generate significant synergies in the form of cost reductions, revenue growth, and improved operating efficiency. By leveraging the strengths of both companies, Altus Group will be able to offer a more comprehensive and integrated suite of solutions, driving value for clients and shareholders alike.

Conclusion: The merger of Altus Group and AIF creates a formidable force in the CRE industry. The combined company's enhanced capabilities, global reach, and commitment to innovation will enable it to continue delivering exceptional solutions to its clients and generate long-term value for its stakeholders.