Altus Group Income Fund
TSX : AIF.UN

Altus Group Income Fund

January 29, 2007 11:06 ET

Altus Group Announces Intent to Acquire Certain Assets of a Toronto-Based Real Estate Analysis Business

TORONTO, ONTARIO--(CCNMatthews - Jan. 29, 2007) - Altus Group Income Fund ("Altus") (TSX:AIF.UN) announced today that it has informally agreed to acquire certain assets of Toronto-based Clayton Research Associates Limited ("Clayton"). At this time, the transaction is subject to completion of due diligence and the execution of definitive documents and there can be no assurances the transaction will be completed. The acquisition is expected to be funded through cash, bank financing and limited partnership units.

Acquisition Highlights

Clayton specializes in real estate market analysis, land use planning issues, consumer spending and borrowing research, and building products demand and currently employs 14 people. Over the years Clayton has gained a reputation for intelligent and independent analysis and advice, based on extensive in-house expertise, a unique information base, leading edge analytical techniques and extensive contacts throughout Canada.

"This transaction with Clayton adds breadth to our core real estate market research and analysis services," said Gary Yeoman, Chief Executive Officer of Altus Group. "Clayton will bolster our roster of economists, building products experts and market analysts with a team recognized for its excellence and expert knowledge."

About Altus

Altus Group Income Fund is the leading independent multidisciplinary provider of real estate consulting and advisory services in Canada, with a staff of over 740 professionals. Altus has a national network of offices in 24 cities and operates as: Altus Helyar Research, Valuation and Advisory; Altus InSite; Altus Helyar Cost Consulting; and Altus Derbyshire Realty Tax Consulting and Altus All West Surveys. Altus' clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords and participants in the oil and gas industry.

Certain statements in this news release may constitute "forward-looking" statements, which involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Altus and its subsidiary entities, including Altus Group Limited Partnership and Altus Group Limited, or the industry, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used, such statements use words such as "may", "will", "expect", "believe", "plan" and other similar terminology. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those described in Altus' publicly filed documents (which are available on SEDAR at www.sedar.com).

Those risks and uncertainties include: the ability to maintain profitability and manage growth; reliance on and retention of professionals; competition; performance obligations and client satisfaction; fixed price and contingency engagements; collectibility of accounts receivable; general state of the economy; possible acquisitions; possible future litigation; interest rate fluctuations; insurance limits; legislative and regulatory changes; revenue and cash flow volatility; operating risks; residential market risk; protection of intellectual property; appraisal mandates; restrictions on growth. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this news release. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Altus cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and, except in accordance with applicable law, Altus assumes no obligations to update or revise them 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.

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