1 1 PROXY INFORMATION – Q&A This management information circular (this “C C i r c u l a r ”) is furnished in connection with the solicitation by the management of Franco-Nevada Corporation (the “ C o r p o r a t i o n ” or “ F r a n c o - N e v a d a ”) of proxies to be used at the annual and special meeting (the “ M e e t i n g ”) of shareholders of the Corporation to be held by live webcast at https://web.lumiagm.com/484064175 and in person at the TMX Market Centre, 120 Adelaide Street West, Toronto, Ontari o M5H 1P9 on Wednesday, May 4, 2022, at 4:00 p.m. (Toronto time), and at all adjournm ents thereof, for the purposes set forth in the notice of the Meeting that accompanies this Circular (the “ N o t i c e o f M e e t i n g ”). Who can vote? The directors have fixed March 16, 2022 as the record date for the determination of shareholders entitled to receive notice of th e Meeting. Shareholders of record on such date are entitled to vote at the Meeting. Who is soliciting my proxy? Management of the Corporation is soliciting your proxy. It is expected that the solicitation will be made primarily by mail but proxies may also be solicited personally by directors, officers or employees of the Corporation. Such persons will not receive any extra compensation for such activities. The Corpor ation may also retain, and pay a fee to, one or more proxy solicitation firms to solicit pr oxies from the shareholders of the Corporation in favour of the matters set forth in the Notice of Meeting. The Corporation may pay brokers or other persons holding common shares of the Corporation in their own names, or in the names of nominees, for their reasonable expenses for sending proxies and the Circular to beneficial owners of common sh ares and obtaining prox ies therefor. The total cost of the solicitation will be borne directly by the Corporation. How do I vote? Registered Shareholders You are a Registered Shareholder if you hold your shares in your own name. A Registered Shareholder may vote via proxy in advance of the Meeting or during the Meeting (either virtually or in person). If you vote in advance of the Meeting via proxy and also vote at the Meeting, your voting instructions received via proxy will be revoked. Beneficial Shareholders You are a Beneficial Shareholder if your shares are not held in your own name and are held through your broker, investment dealer, bank, trust company, custodian or clearing agency, nominee or other intermediary. A Beneficial Shareholder may vote via VIF (as defined below) in advance of the Meeting or during the Meeting (either virtually or in person). If you vote in advance of the Meeting via VIF and also vote at the Meeting, your voting instructions received via VIF will be revoked.