OR ROYALTIES INC.

Ticker: OR CUSIP: 68390D106 Class: COM SHS

Scheer, Rowlett & Associates Investment Management Ltd.'s Holding History (CIK: 0001426327)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 877,209 Value ($000) $31,074 Avg Close $35.04 Range $30.22 - $42.25

Q3 2025

Shares 1,010,109 Value ($000) $40,477 Avg Close $31.21 Range $25.14 - $40.49

Q2 2025

Shares 1,027,209 Value ($000) $26,418 Avg Close $24.09 Range $18.98 - $27.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	877,209	$31,074	$35.04	$30.22 - $42.25
Q3 2025	1,010,109	$40,477	$31.21	$25.14 - $40.49
Q2 2025	1,027,209	$26,418	$24.09	$18.98 - $27.60