EX-8.1 2 srl-20221231xex8d1.htm EX-8.1

EXHIBIT 8.1

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SCULLY ROYALTY LTD.

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LIST OF SIGNIFICANT SUBSIDIARIES AS AT DECEMBER 31, 2022

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​ | ​ | ​ | ​ | ​
Subsidiaries |  | Country of Incorporation |  | Proportion of Interest(1)
​ | ​ | ​ | ​ | ​
Merkanti Holding plc. | ​ | Malta | ​ | 99.96%
1178936 B.C. Ltd. | ​ | Canada | ​ | 100%
Merkanti (A) International Ltd. | ​ | Malta | ​ | 99.96%
Merkanti (D) International Ltd. | ​ | Malta | ​ | 99.96%

Note:

(1) | Our proportional voting interests are identical to our proportional beneficial interests, except that we hold a 99.68% proportional beneficial interest in each of Merkanti (A) International Ltd. and Merkanti (D) International Ltd.