IMPORTANT TAX NOTICE TO U.S. SHAREHOLDERS RELATED TO AN INVESTMENT IN ALTIUS RENEWABLE ROYALTIES CORP.

‍This information is provided for shareholders who are U.S. taxpayers. It may not be relevant for other persons. THE U.S. TAX RULES REGARDING PFICS ARE VERY COMPLEX AND INVESTORS ARE STRONGLY URGED TO CONSULT THEIR OWN TAX ADVISOR REGARDING THE U.S. TAX CONSEQUENCES OFTHE PFIC RULES TO THEIR INVESTMENT IN ALTIUS RENEWABLE ROYALTIES CORP. PFIC Status This statement is provided for shareholders of Altius Renewable Royalties Corp. (“ARR”) who are United Statespersons (“U.S. Shareholders”) for purposes of the Internal Revenue Code of 1986, as amended (the “Code”).  ARR has not made, and does not expect to make, a determination as to whether it is a passive foreign investment company (“PFIC”) as such term is defined in Section 1297 of the Code for the tax year ending December 31, 2022, or for any other year.   The determination of whether a corporation was, or will be, a PFIC for a particular tax year depends, in part, on the application of complex U.S. federal income tax rules, which are subject to differing interpretations. In addition, whether any corporation will be a PFIC for any tax year depends on the assets and income of such corporation over the course of each such tax year and, as a result, ARR’s PFIC status for the current year and future years cannot be predicted with certainty.  We recommend U.S. Shareholders consult with their own tax advisors to determine the consequences of holding ARR stock if ARR were deemed to be a PFIC for any taxable year in which they hold ARR stock, and whether they are eligible to make any applicable PFIC election under the Code.