SCULLY ROYALTY ISSUES FURTHER UPDATE ON ANNUAL SHAREHOLDERS' MEETING AND COURT PROCEEDINGS

Core Viewpoint - Scully Royalty Ltd. has filed an appeal regarding a court decision related to the nomination of MILFAM LLC and has postponed its annual general meeting to address the legal uncertainties [1][2][3] Group 1: Legal Proceedings - The company has appealed the December 19, 2025 decision of the Grand Court of the Cayman Islands concerning MILFAM's nomination compliance [1] - The annual general meeting, initially set for December 27, 2025, has been temporarily postponed to allow for a hearing before the Cayman Islands Court of Appeal [2] - The board of directors approved the postponement based on recommendations from the Compensation, Nominating and Corporate Governance Committee, considering the best interests of the company and its shareholders [3] Group 2: Shareholder Engagement - The company is inviting MILFAM to collaborate in good faith during this period [2] - The postponement aims to provide shareholders with adequate time to assess MILFAM's nominations pending the court's decision [3] - The goal is to ensure the meeting occurs in an orderly manner that facilitates informed decision-making by shareholders with full disclosure of material information [3]