Altus Group Announces Preliminary Results of Substantial Issuer Bid

Core Viewpoint - Altus Group Limited announced the preliminary results of its substantial issuer bid (SIB), offering to purchase common shares for a total price not exceeding C$350 million, with a purchase price range of C$50.00 to C$57.00 per share [1]. Summary by Sections Preliminary Results of SIB - Altus Group expects to take up approximately 2,849,643 shares at a price of C$57.00 per share, totaling approximately C$162.43 million, which represents about 6.59% of the total issued and outstanding shares before the SIB [2]. - Approximately 60,000 shares were tendered through notices of guaranteed delivery [2]. Tendered Shares - A total of approximately 6,561,903 shares were validly tendered and not withdrawn, including proportionate tenders [3]. - None of Altus Group's directors or executive officers participated in the SIB [3]. Purchase and Ownership - Since the total value of shares tendered was less than the maximum purchase amount, all validly deposited shares will be purchased without proration, allowing shareholders who made proportionate tenders to maintain their ownership percentage [4]. - Approximately 255,611 shares are expected to be purchased through proportionate tenders [4]. Post-SIB Shares - After the SIB, Altus Group anticipates having approximately 40,377,617 shares issued and outstanding, net of 79,328 escrowed shares [5]. Final Results - The expected number of shares to be purchased, the purchase price, and the aggregate purchase price are preliminary and subject to verification by the Depositary [6]. - Altus Group will release final results upon the completion of the share purchase [6]. SIB Expiration - The SIB expired at 5:00 p.m. (Toronto time) on January 8, 2026, and Altus Group has not elected to extend the SIB [7].