Additional Information Forward Looking Information This Asset Handbook contains “forward looking information” and “forward of the properties in which Franco-Nevada holds a royalty, stream or other looking statements” within the meaning of applicable Canadian securities interest; whether or not the Company is determined to have “passive foreign laws and the United States Private Securities Litigation Reform Act of 1995, investment company” (“PFIC”) status as defined in Section 1297 of the United respectively, which may include, but are not limited to, statements with States Internal Revenue Code of 1986, as amended; potential changes in respect to future events or future performance, management’s expectations Canadian tax treatment of offshore streams; excessive cost escalation as well regarding Franco-Nevada’s growth, results of operations, estimated future as development, permitting, infrastructure, operating or technical difficulties revenues, performance guidance, carrying value of assets, future dividends on any of the properties in which Franco-Nevada holds a royalty, stream or and requirements for additional capital, Mineral Resource and Mineral Reserve other interest; access to sufficient pipeline capacity; actual mineral content estimates, production estimates, production costs and revenue, future may differ from the Mineral Resources and Mineral Reserves contained in demand for and prices of commodities, expected mining sequences, business technical reports; rate and timing of production differences from resource prospects and opportunities, the performance and plans of third-party estimates, other technical reports and mine plans; risks and hazards associated operators, audits being conducted by the Canada Revenue Agency (“CRA”), with the business of development and mining on any of the properties in the expected exposure for current and future tax assessments and available which Franco-Nevada holds a royalty, stream or other interest, including, but remedies, the completion of the public consultation process and obtaining not limited to unusual or unexpected geological and metallurgical conditions, all required Panamanian approvals for the proposed concession contract with slope failures or cave-ins, sinkholes, flooding and other natural disasters, the Government of Panama for the Cobre Panama mine and the terms of the terrorism, civil unrest or an outbreak of contagious disease; the impact of the proposed concession contract. In addition, statements relating to Mineral COVID-19 (coronavirus) pandemic; and the integration of acquired assets. Resources and Mineral Reserves, gold equivalent ounces (“GEOs”) or mine life The forward looking statements contained in this Asset Handbook are based are forward looking statements, as they involve implied assessment, based upon assumptions management believes to be reasonable, including, without on certain estimates and assumptions, and no assurance can be given that limitation: the ongoing operation of the properties in which Franco-Nevada the estimates and assumptions are accurate and that such Mineral Resources holds a royalty, stream or other interest by the owners or operators of and Mineral Reserves, GEOs or mine life will be realized. Such forward looking such properties in a manner consistent with past practice; the accuracy of statements reflect management’s current beliefs and are based on information public statements and disclosures made by the owners or operators of such currently available to management. Often, but not always, forward looking underlying properties; no material adverse change in the market price of the statements can be identified by the use of words such as “plans”, “expects”, commodities that underlie the asset portfolio; the Company’s ongoing income “is expected”, “budgets”, “potential for”, “scheduled”, “estimates”, “forecasts”, and assets relating to determination of its PFIC status; no material changes to “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or existing tax treatment; the expected application of tax laws and regulations variations (including negative variations) of such words and phrases or may by taxation authorities; the expected assessment and outcome of any audit by be identified by statements to the effect that certain actions “may”, “could”, any taxation authority; no adverse development in respect of any significant “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward property in which Franco-Nevada holds a royalty, stream or other interest; the looking statements involve known and unknown risks, uncertainties and other accuracy of publicly-disclosed expectations for the development of underlying factors, which may cause the actual results, performance or achievements of properties that are not yet in production; integration of acquired assets; and Franco-Nevada to be materially different from any future results, performance the absence of any other factors that could cause actions, events or results to or achievements expressed or implied by the forward looking statements. A differ from those anticipated, estimated or intended. However, there can be no number of factors could cause actual events or results to differ materially from assurance that forward looking statements will prove to be accurate, as actual any forward looking statement, including, without limitation: fluctuations results and future events could differ materially from those anticipated in such in the prices of the primary commodities that drive royalty and stream statements. Investors are cautioned that forward looking statements are not revenue (gold, platinum group metals, copper, nickel, uranium, silver, iron guarantees of future performance. In addition, there can be no assurance as to ore and oil and gas); fluctuations in the value of the Canadian and Australian the outcome of the ongoing audit by the CRA or the Company’s exposure as dollar, Mexican peso, and any other currency in which revenue is generated, a result thereof. Franco-Nevada cannot assure investors that actual results will relative to the U.S. dollar; changes in national and local government be consistent with these forward looking statements. Accordingly, investors legislation, including permitting and licensing regimes and taxation policies should not place undue reliance on forward looking statements due to the and the enforcement thereof; the adoption of a global minimum tax on inherent uncertainty therein. For additional information with respect to corporations; regulatory, political or economic developments in any of the risks, uncertainties and assumptions, please refer to the “Risk Factors” section countries where properties in which Franco-Nevada holds a royalty, stream of our most recent Annual Information Form as well as our most recent or other interest are located or through which they are held; risks related Management’s Discussion and Analysis filed with the Canadian securities to the operators of the properties in which Franco-Nevada holds a royalty, regulatory authorities on www.sedar.com and Franco-Nevada’s most recent stream or other interest, including changes in the ownership and control of Annual Report filed on Form 40-F filed with the SEC on www.sec.gov. The such operators; relinquishment or sale of mineral properties; influence of forward looking statements herein are made as at March 9, 2023 (except macroeconomic developments; business opportunities that become available where stated otherwise) and Franco-Nevada does not assume any obligation to, or are pursued by Franco-Nevada; reduced access to debt and equity to update or revise them to reflect new information, estimates or opinions, capital; litigation; title, permit or license disputes related to interests on any future events or results or otherwise, except as required by applicable law. TSX / NYSE: FNV Franco-Nevada Corporation 131