Mr. Mike Gordon reports

ALTUS ANNOUNCES CFO TRANSITION

Altus Group Ltd. has appointed Katie Royce as chief financial officer, effective Aug. 3. At that time, Pawan Chhabra, will step down as CFO and will remain with the company into September to support an orderly transition. Mr. Chhabra, who joined in January, 2023, has played a critical role in helping transform Altus into a pure-play technology company. With that transformation largely complete, the company believes now is the right time to implement its CFO succession.

Ms. Royce, who will be based in New York, will lead Altus's global finance organization, partnering with the chief executive officer and the executive committee to support disciplined execution of its strategy, capital allocation and long-term stakeholder value creation.

"Katie's experience scaling high-growth platform companies will be invaluable," said Mike Gordon, CEO and chair of Altus. "She is a proven operator at the intersection of finance, technology and strategy, who has built and led modern finance organizations that fuel innovation, growth and performance."

Mr. Gordon added: "On behalf of the company's stakeholders, I want to thank Pawan for his many contributions to Altus. He guided the company through significant change providing us with a strong financial foundation to scale and profitably grow the business. We wish him continued success."

Ms. Royce, who is a CFA charterholder, brings more than two decades of experience across finance, investor relations, corporate strategy, operations and enterprise transformation across public and venture-backed companies. Most recently, Ms. Royce served as CFO of ZenBusiness, Inc., an SaaS (software as a service) company providing services for entrepreneurs. Prior to that, she held senior finance roles at Cognizant Technology Solutions Corp., a publicly traded technology services provider, including senior vice-president, North America CFO and head of investor relations. Her experience also includes working in various investor relations and treasury roles, as well as a buy-side research analyst.

The company also announced today that it is reaffirming its financial outlook for the second quarter and full year 2026, as provided on May 7, 2026, and that it will be announcing its final divestiture transaction imminently. As part of the transition, both Mr. Chhabra and Ms. Royce will participate in the company's second quarter earnings call planned for Aug. 6.