TORONTO, Aug. 6, 2012 /CNW/ – IBI Group Inc. (the “Company”) (TSX: IBG)
announced today the closing of the acquisition of the professional
practice of Taylor Young Limited Architects and Master Planners. The
new trading name will be IBI – Taylor Young. With this acquisition, the
total of the IBI staff increases to approximately 3,050 worldwide and
in the UK to over 300. Philip Beinhaker, Chairman Director and CEO of
IBI Group noted that: “The commitment of the leadership of Taylor
Young, the enthusiasm of the professional staff and the very strong
appreciation by the clientele of the professional work, dedication of
the leadership and the professional staff of the firm is most
encouraging. We have identified material opportunities for synergy of
this practice, IBI – Taylor Young with IBI – Nightingale and with the
IBI transportation and systems practice in the UK. This will enable us
to build a more comprehensive, professional offering across the UK and
increase the market share of the firm overall and of the respective
components”.

Stephen Gleave, continuing as Chairman of IBI – Taylor Young noted that:
“This is truly a transformative step for Taylor Young and we are all
excited with the enhanced scope, geographic spread and professional
opportunities”. Rod King, continuing as a Senior Director of IBI –
Taylor Young, noted that: “Through this process of due diligence and
merger negotiations, we have had the opportunity to work with our new
colleagues and are most encouraged with the prospects of raising our
practice to a new level of professional achievement and financial
results”.

About IBI Group Inc.

IBI Group Inc. is a TSX-listed company, which pays monthly dividends and
trades under the symbol “IBG”. IBI Group Inc. holds an indirect 77%
interest in IBI Group, a partnership (of a subsidiary of IBI Group Inc.
and IBI Group Management Partnership) which, directly and through its
subsidiary entities, provides professional services, including
planning, design, implementation, analysis of operations and other
consulting services in relation to four main areas of development,
being urban land, building facilities, transportation networks and
systems technology. The remaining 23% of IBI Group is owned by IBI
Group Management Partnership. On a partially diluted basis, assuming
the exchange of its partnership units of IBI Group for common shares of
IBI Group Inc., IBI Group Management Partnership together with
affiliated entities holds a combined 42% interest in IBI Group Inc.

SOURCE IBI Group Inc.