P R E C I O U S M E T A L S R O Y A L T Y O U N C E S 1 , 2 Asset Asset Type P&P (000s) M&I 4 (000s) Inf (000s) South America Candelaria Stream 665 1,586 145 Antapaccay Stream 333 712 32 Antamina Stream 134 522 492 Condestable Stream 85 147 12 Cerro Moro NSR 8 12 4 Salares Norte NSR 39 42 1 Cascabel (Alpala) 3 NSR 213 769 127 Posse (Mara Rosa) NSR 9 12 – CentroGold (Gurupi) NSR 11 17 6 Calcatreu NSR – 19 10 Tocantinzinho Stream 204 210 5 Pascua-Lama NSR – 454 19 Volcan NSR – 147 19 San Jorge NSR – 91 4 Central America and Mexico 5 Guadalupe-Palmarejo Stream 209 556 110 United States Stillwater NSR 529 886 878 Carlin Trend NSR/NPI 215 354 137 Marigold NSR 70 113 9 Bald Mountain NSR 19 157 18 Mesquite NSR 11 19 9 Castle Mountain NSR 118 159 40 Fire Creek/Midas NSR – 2 83 Hollister NSR – 2 8 Stibnite Gold NSR 82 107 27 Nevada North (Wildcat & Mountain View) NSR – 13 2 Sleeper NSR – 43 26 Sandman NSR – 1 – Canada Detour Lake NSR 399 758 54 Sudbury Stream 24 24 – Hemlo NSR/NPI 64 120 23 Brucejack NSR 37 43 48 Macassa (Kirkland Lake) NSR/NPI 33 64 57 Dublin Gulch (Eagle) NSR 24 43 5 Musselwhite NPI 24 28 3 Timmins West NSR 11 15 2 Gold River NSR – 3 23 Canadian Malartic NSR 25 26 37 Island Gold NSR 9 11 10 Golden Highway - Holt Complex NSR – 131 86 Golden Highway - Hislop NSR – 7 4 Golden Highway - Aquarius NSR – 22 – Greenstone NSR 166 210 92 Valentine Gold NSR 81 119 33 Eskay Creek NSR 109 140 2 Magino NSR 71 137 25 Spences Bridge (Shovelnose) NSR – 13 3 Wawa NSR – 3 7 Kerr-Addison NSR – 18 34 Clarence Stream NSR – 9 13 Red Lake (McFinley) NSR 1 5 3 Courageous Lake NSR 29 112 39 Goldfields NSR – 20 4 Monument Bay NSR – 44 53 Red Mountain NSR 5 8 1 Fenelon-Martiniere NSR – 37 30 Marathon (Sally) NSR – 5 2 1 For information regarding the calculation of each Royalty Ounce, please refer to the individual asset write-ups. We have assumed $1,950/oz Au, $22.50/oz Ag, $850/oz Pt, $900/oz Pd, $3.75/lb copper, $7.89/lb nickel, $1.21/lb ferrochrome and $115/t Fe 62% CFR China for our calculations 2 Metallurgical deductions have not been made to the Mineral Reserves and Mineral Resources shown in order to estimate metal produced 3 Copper Royalty Ounces assume NSR deductions of 15% (for Sossego please refer to the Vale asset write-up); Nickel Royalty Ounces and Ferrochrome Royalty Ounces assume NSR deductions of 30%. Please also refer to the individual Vale (Northern & Southeastern System) & LIORC asset write-ups for the deductions applied to the Iron Ore Royalty Ounces 4 M&I Royalty Ounces include P&P Royalty Ounces 5 Cobre Panama, currently on preservation and safe management, is not included in the above calculations. Franco-Nevada estimates that P&P royalty ounces, M&I 4 royalty ounces and Inf royalty ounces would be 4,468 koz, 4,673 koz and 745 koz, respectively, as per First Quantum’s March 28, 2023 Annual Information Form as at December 31, 2022 TSX / NYSE: FNV 20 ★ Franco-Nevada Corporation Overview