A C R E A G E O F A S S E T S A S S E T C O U N T S Franco-Nevada’s assets are categorized by commodity and stage of development. By commodity, assets are characterized as “Precious Metals” or “Diversified”. Precious Metals includes gold, silver and PGM assets. Diversified includes iron ore, other mining and energy assets (which encompass oil, gas and natural gas liquids). “Producing” assets are those that have generated revenue from steady-state operations for Franco-Nevada or are expected to in the next year. “Advanced” assets are interests on projects which are not yet producing but where, in management’s view, the technical feasibility and commercial viability of extracting Mineral Resources are demonstrable. “Exploration” assets represent interests on projects where technical feasibility and commercial viability of extracting Mineral Resources are not demonstrable. Management uses the following criteria in its assessment of technical feasibility and commercial viability: 1. Geology: there is a known mineral deposit which contains Mineral Resources or Mineral Reserves; or the project is adjacent to a mineral deposit that is already being mined or developed and there is sufficient geologic certainty of converting the deposit into Mineral Resources or Mineral Reserves. 2. Accessibility and authorization: there are no significant unresolved issues impacting the accessibility and authorization to develop or mine the mineral deposit, and social, environmental and governmental permits and approvals to develop or mine the mineral deposit appear obtainable. For accounting purposes, the number of assets has been counted in different manners depending on the category. Royalties on a producing or advanced property are generally counted as a single asset even if Franco-Nevada has multiple different royalties on the property, such as at the Goldstrike complex. Streams covering a group of mines in close proximity and operated by a common operator, such as the Sudbury streams, have also been counted as one asset. However, royalties and streams on producing properties that have significant co-products have been counted twice, such as the Robinson royalties for gold and copper or the Sudbury streams for gold and PGM. Exploration royalties are simply counted by the number of royalty contracts and no effort has been made to consolidate royalties on the same property. Franco-Nevada’s energy interests are subdivided into Producing Assets, which are assets that are currently producing oil or natural gas, or Exploration Assets, which are undeveloped assets that are not producing oil or natural gas. Franco-Nevada’s energy interests consist of a variety of royalty interests and working interests which are derived from a large number of underlying leases, contractual agreements and mineral title covering land positions primarily in western Canada and Oklahoma, North Dakota, Pennsylvania, Louisiana and Texas in the United States. For accounting purposes, these leases, contracts and mineral title have been grouped into distinct land areas and tabulated as individual assets. In many cases, Franco-Nevada owns multiple royalties or working interests that pertain to the same land area, and in these circumstances, the interests are counted as a single asset. As of April 2, 2024, Franco-Nevada estimates that it holds 238 Precious Metals assets and 192 Diversified assets for a total of 430 assets. Franco-Nevada Asset Counts at April 2, 2024 Precious Metals Diversified Total Producing 48 70 1 118 Advanced 32 9 2 41 Exploration 158 113 3 271 Total 238 192 430 1 14 Mining Assets / 56 Energy Assets 2 9 Mining Assets 3 86 Mining Assets / 27 Energy Assets The following is a tabulation of the acreage of Precious Metals and Diversified lands subject to Franco Nevada’s royalty, stream or other interests as at April 2, 2024. Acreage amounts are approximate or estimated and are compiled from information contained in asset agreements and updated when possible using various sources including government recording offices, operator information such as technical reports, presentations and other sources. Acreage has been converted into standard measure by Franco-Nevada. Franco-Nevada Acreage Tabulation (1) Producing Advanced Exploration Total Precious Metals South America 632,755 212,904 375,095 1,220,754 Central America & Mexico 62,268 – 675 64,943 United States 88,561 35,130 195,536 319,227 Canada 135,208 211,030 840,554 1,186,792 Australia 1,428,822 261,994 736,962 2,427,778 Rest of World 1,554,309 216,209 52,863 1,823,381 Total 3,901,923 937,267 2,201,685 7,040,875 Diversified – Iron Ore & Other Mining South America 792,380 54,516 3,061,300 3,908,196 Central America & Mexico 6,605 59,552 – 66,157 United States 29,234 25,140 18,586 72,960 Canada 44,973 12,462 361,644 419,079 Australia Australia 173,438 49,999 951,514 1,174,951 Rest of World – – 265,842 265,842 Total 1,046,630 201,669 4,658,886 5,907,185 Diversified – Energy (2) United States 2,592,936 – 53,994 2,646,930 Canada 615,043 – 313,552 928,595 Total 3,207,979 – 367,546 3,575,525 Total Estimated Acreage 16,523,585 Total km 2 66,869 (1) Represents management’s best available information as at April 2, 2024. Cobre Panama, currently on preservation and safe management, is included in the above calculations and accounts for 32,111 acres (129.95 km 2 ) (2) Gross Acreage TSX / NYSE: FNV 126 ★ Franco-Nevada Corporation Additional Information