doubt, CBAH stockholders who owned shares as of the Record Date and subsequently sold all or a portion of their shares are STILL entitled to vote, and are encouraged to do so. CBAHs board
of directors recommends you vote FOR the Business Combination with Altus Power and FOR all of the related proposals described in the proxy statement/prospectus included in the Registration Statement on Form S-4 filed by CBAH with the Securities and Exchange Commission (SEC), a definitive copy of which has been mailed to all CBAH stockholders who owned shares as of the Record Date.
Important Information About the Business Combination and Where to Find It
CBAH has filed with the U.S. Securities and Exchange Commission (SEC) a Registration Statement on Form S-4
(the Registration Statement), which includes a proxy statement/prospectus in connection with the proposed business combination between Altus Power and CBAH (the business combination) and the other transactions contemplated by
the business combination agreement entered into by Altus Power and CBAH. The Registration Statement was declared effective by the SEC on November 5, 2021 and CBAH also filed the definitive proxy statement/prospectus with respect to the business
combination on that date. CBAHs stockholders and other interested persons are advised to read the Registration Statement and definitive proxy statement/prospectus in connection with CBAHs solicitation of proxies for its
stockholders Special Meeting to be held to approve the business combination because the proxy statement/prospectus contains important information about CBAH, Altus Power and the business combination. The definitive proxy statement/prospectus
and other relevant documents have been mailed to stockholders of CBAH as of October 27, 2021, the record date for the Special Meeting. Stockholders will also be able to obtain copies of the Registration Statement and the proxy
statement/prospectus, without charge at the SECs website at www.sec.gov or by directing a request to CBRE Acquisition Holdings, Inc., 2100 McKinney Avenue, Suite 1250, Dallas, TX 75201.
Participants in the Solicitation
CBAH, Altus Power and
certain of their respective directors and officers may be deemed participants in the solicitation of proxies of CBAHs stockholders with respect to the approval of the business combination. CBAH and Altus Power urge investors, stockholders and
other interested persons to read the Registration Statement and the definitive proxy statement/prospectus, and exhibits thereto, as well as other documents filed with the SEC in connection with the business combination, as these materials contain
important information about Altus Power, CBAH and the business combination. Information regarding CBAHs directors and officers and a description of their interests in CBAH is contained in the Registration Statement and the definitive proxy
statement/prospectus.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as anticipate, believe, could, continue, expect, estimate, may,
plan, outlook, future and project and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks
and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to CBAHs and Altus Powers future prospects, developments and
business strategies. In particular, such forward-looking statements include statements concerning the timing of the business combination, the business plans, objectives, expectations and intentions of CBAH once the business combination and the other
transactions contemplated thereby (the Transactions) and change of name are complete (New Altus), and New Altuss estimated and future results of operations, business strategies, competitive position, industry
environment and potential growth opportunities. These statements are based on CBAHs or Altus Powers managements current expectations and beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside
CBAHs or Altus Powers control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not
limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; (2) the inability to complete the Transactions due to the failure to obtain approval
of the stockholders of CBAH or Altus Power or other conditions to closing in the Business Combination Agreement; (3) the ability of New Altus to meet NYSEs listing standards (or the standards of any other securities exchange on which
securities of the public entity are listed) following the business combination; (4) the inability to complete the private placement of common stock of CBAH to certain institutional accredited investors; (5) the risk that the announcement
and consummation of the Transactions disrupts Altus Powers current plans and operations; (6) the ability to recognize the anticipated benefits of the