Additional Information FORWARD-LOOKING INFORMATION This Asset Handbook contains “forward-looking information” and “forward-looking foreign investment company” (“PFIC”) status as defined in Section 1297 of the statements” within the meaning of applicable Canadian securities laws and the United States Internal Revenue Code of 1986, as amended; potential changes United States Private Securities Litigation Reform Act of 1995, respectively, which in Canadian tax treatment of offshore streams; excessive cost escalation as well may include, but are not limited to, statements with respect to future events or as development, permitting, infrastructure, operating or technical difficulties on any future performance, management’s expectations regarding Franco-Nevada’s growth, of the properties in which Franco-Nevada holds a royalty, stream or other interest; results of operations, estimated future revenues, performance guidance, carrying access to sufficient pipeline capacity; actual mineral content may differ from the value of assets, future dividends and requirements for additional capital, Mineral Mineral Resources and Mineral Reserves contained in technical reports; rate and Resource and Mineral Reserve estimates, production estimates, production costs timing of production differences from resource estimates, other technical reports and revenue, future demand for and prices of commodities, expected mining and mine plans; risks and hazards associated with the business of development sequences, business prospects and opportunities, the performance and plans and mining on any of the properties in which Franco-Nevada holds a royalty, stream of third party operators, audits being conducted by the Canada Revenue Agency or other interest, including, but not limited to unusual or unexpected geological and (“CRA”), the expected exposure for current and future tax assessments and metallurgical conditions, slope failures or cave-ins, sinkholes, flooding and other available remedies, statements with respect to the future status and any potential natural disasters, terrorism, civil unrest or an outbreak of contagious disease; the restart of the Cobre Panama mine and related arbitration proceedings. In addition, impact of future pandemics; and the integration of acquired assets. The forward- statements relating to Mineral Resources and Mineral Reserves, gold equivalent looking statements contained in this Asset Handbook are based upon assumptions ounces (“GEOs”) or mine life are forward-looking statements, as they involve management believes to be reasonable, including, without limitation: the ongoing implied assessment, based on certain estimates and assumptions, and no operation of the properties in which Franco-Nevada holds a royalty, stream or other assurance can be given that the estimates and assumptions are accurate and that interest by the owners or operators of such properties in a manner consistent with such Mineral Resources and Mineral Reserves, GEOs or mine life will be realized. past practice; the accuracy of public statements and disclosures made by the Such forward-looking statements reflect management’s current beliefs and are owners or operators of such underlying properties; no material adverse change based on information currently available to management. Often, but not always, in the market price of the commodities that underlie the asset portfolio; the forward-looking statements can be identified by the use of words such as “plans”, Company’s ongoing income and assets relating to determination of its PFIC status; “expects”, “is expected”, “budgets”, “potential for”, “scheduled”, “estimates”, no material changes to existing tax treatment; the expected application of tax laws “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or and regulations by taxation authorities; the expected assessment and outcome “believes” or variations (including negative variations) of such words and phrases of any audit by any taxation authority; no adverse development in respect of any or may be identified by statements to the effect that certain actions “may”, “could”, significant property in which Franco-Nevada holds a royalty, stream or other interest; “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking the accuracy of publicly disclosed expectations for the development of underlying statements involve known and unknown risks, uncertainties and other factors, properties that are not yet in production; integration of acquired assets; and the which may cause the actual results, performance or achievements of Franco-Nevada absence of any other factors that could cause actions, events or results to differ to be materially different from any future results, performance or achievements from those anticipated, estimated or intended. However, there can be no assurance expressed or implied by the forward-looking statements. A number of factors could that forward-looking statements will prove to be accurate, as actual results and cause actual events or results to differ materially from any forward-looking statement, future events could differ materially from those anticipated in such statements. including, without limitation: fluctuations in the prices of the primary commodities Investors are cautioned that forward-looking statements are not guarantees that drive royalty and stream revenue (gold, platinum group metals, copper, nickel, of future performance. In addition, there can be no assurance as to (i) the outcome uranium, silver, iron ore and oil and gas); fluctuations in the value of the Canadian of the ongoing audit by the CRA or the Company’s exposure as a result thereof, and Australian dollar, Mexican peso, and any other currency in which revenue is or (ii) the future status and any potential restart of the Cobre Panama mine or the generated, relative to the U.S. dollar; changes in national and local government outcome of any related arbitration proceedings. Franco-Nevada cannot assure legislation, including permitting and licensing regimes and taxation policies and investors that actual results will be consistent with these forward-looking statements. the enforcement thereof; the adoption of a global minimum tax on corporations; Accordingly, investors should not place undue reliance on forward-looking statements regulatory, political or economic developments in any of the countries where due to the inherent uncertainty therein. For additional information with respect to properties in which Franco-Nevada holds a royalty, stream or other interest are risks, uncertainties and assumptions, please refer to Franco-Nevada’s most recent located or through which they are held; risks related to the operators of the Annual Information Form as well as our most recent Management’s Discussion and properties in which Franco-Nevada holds a royalty, stream or other interest, Analysis filed with the Canadian securities regulatory authorities on www.sedarplus. including changes in the ownership and control of such operators; relinquishment com and Franco-Nevada’s most recent Annual Report filed on Form 40-F filed with or sale of mineral properties; influence of macroeconomic developments; business the SEC on www.sec.gov. The forward-looking statements herein are made as at opportunities that become available to, or are pursued by Franco-Nevada; reduced March 8, 2024 (except where stated otherwise) and Franco-Nevada does not assume access to debt and equity capital; litigation; title, permit or license disputes related any obligation to update or revise them to reflect new information, estimates or to interests on any of the properties in which Franco-Nevada holds a royalty, stream opinions, future events or results or otherwise, except as required by applicable law. or other interest; whether or not the Company is determined to have “passive TSX / NYSE: FNV Franco-Nevada Corporation ★ 135