Additional Information Mine Life Index Franco-Nevada’s asset portfolio is comprised of a large variety of Mine Life 1 1 properties and operations with a range of projected production profiles. Based on P&P Based on M&I (inclusive of P&P) The chart (opposite) provides an estimated mine life index for some of Precious Metals – South America the producing and advanced assets with published Mineral Resource and Mineral Reserve estimates. For each asset, management has estimated Candelaria a mine life index by dividing the Proven and Probable Mineral Reserves Antapaccay as well as the Measured and Indicated Mineral Resources (inclusive of Antamina Mineral Reserves) by management’s best estimate of the average annual Cerro Moro forward looking production. Franco-Nevada has not included any Inferred Salares Norte Mineral Resources in the analysis. This metric is to provide investors and analysts with an indication of the potential for the assets in which Precious Metals – Central America and Mexico Franco-Nevada has interests and should not be viewed as a definitive Cobre Panama mine life estimate. Guadalupe-Palmarejo In an effort to provide a more accurate picture for the mine life index Precious Metals – United States of the overall portfolio, Franco-Nevada has divided its total M&I Royalty Stillwater Ounces (inclusive of Mineral Reserves) by the midpoint of its 2023 2 Carlin Trend Precious Metal and Diversified Mining production guidance. The average Marigold mine life index of the mining portfolio using this methodology is Bald Mountain approximately 34 years. Mesquite We do not have published reserves for our Energy assets and have not Castle Mountain included them in this analysis. Nonetheless, our significant producing Stibnite Gold energy assets in Canada and the U.S. have long lives and are expected to Precious Metals – Canada generate revenue to Franco-Nevada for several decades. Detour Lake Hemlo Brucejack Kirkland Lake Dublin Gulch (Eagle) Musselwhite Timmins West Canadian Malartic Island Gold Greenstone Valentine Gold Precious Metals – Rest of World MWS Sabodala-Massawa Complex Tasiast Subika (Ahafo) Duketon Edikan Diversified 3 (Northern and Southeastern System) Vale LIORC4 Years – 5 10 15 20 1 Mineral Resources and Mineral Reserves used in the Mine Life Index calculation are based on publicly disclosed information as of March 9, 2023 2 Mineral Resources and Mineral Reserves used for Carlin Trend in the Mine Life Index reflect Franco- Nevada management’s best estimate of Goldstrike, Gold Quarry and South Arturo only 3 Mine life as disclosed by Vale S.A in their latest 20-F and exhibits. Mine life represents longest disclosed mine life 4 Mine life as disclosed by LIORC in their most recent annual report, based on Mineral Resources and Mineral Reserves only TSX / NYSE: FNV Franco-Nevada Corporation 123
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