This Asset Handbook has not been prepared in connection with the sale of securities and is not an offering memorandum and should not be relied upon as such. This Asset Handbook does not constitute an offer to sell or a solicitation for an offer to purchase any security in any jurisdiction. Information relating to projects, properties and their owners and operators presented in this Asset Handbook has been sourced from the public disclosure of the owners and operators of our assets available as at March 9, 2023 (except where stated otherwise). More current information may become available in our subsequent disclosure and on our website. This Asset Handbook contains information about many of our assets, including those that may not currently be material to us. Also, the description and depiction of our business and assets have been simplified for presentation purposes. Dollar references are in U.S. dollars unless otherwise noted. This Asset Handbook should be read with reference to the explanatory notes and cautionary statements contained in the Additional Information section found at the end of this Asset Handbook. Please also refer to the additional supporting information and explanatory notes found in our Annual Information Form (“AIF”), our annual Management’s Discussion & Analysis (“MD&A“), and our Annual Report on Form 40-F available at www.sedar.com and www.sec.gov, respectively, and on our website at www.franco-nevada.com. This Asset Handbook complements but does not form part of such documents. Overview Message to Stakeholders 1 Our History 2 Our Business Model 3 Funding Successful Mines 4 Diversified Portfolio With Low Risk 5 Long-Life Assets 5 Global Assets 6 Asset Portfolio 8 Asset Portfolio 9 Historical Performance 10 Track Record 12 Organic Growth Drivers 13 Royalty Optionality 14 Royalty Ounces 15 Precious Metals Royalty Ounces 16 Diversified Royalty Ounces 17 Royalty Ounces by Mineral Resource, Location and Type 18 Royalty Ounce Growth 18 Environmental, Social and Governance Highlights 19 Precious Metals Assets South America 26 Central America and Mexico 36 United States 40 Canada 53 Rest of World 72 Precious Metals Exploration Assets 83 Diversified Assets Iron Ore 89 Other Mining 93 Diversified (Mining) Exploration Assets 102 Energy Assets 104 Energy Exploration Assets 113 Mineral Resources and Mineral Reserves Gold Mineral Resources 116 Gold Mineral Reserves 117 Mineral Resources and Mineral Reserves 118 Additional Information Asset Counts, Acreage of Assets 122 Mine Life Index 123 Board of Directors 124 Executive Management 126 Corporate Organization 127 Non-GAAP Financial Measures 128 Technical and Third-Party Information 130 Forward Looking Information 131 Glossary 132 Corporate Information 134 Contents