6 6 7 Sandip Rana Chief Financial Officer Sandip Rana, Chief Financial Officer, joined Franco-Nevada in April 2010. He previously served in treasurer and controller roles at old Franco-Nevada until 2002 and then acted as an international controller for Newmont. From 2003 to April 2010, Mr. Rana held financial roles at Four Seasons Hotels Limited where he last served as Vice-President Corporate Finance. Mr. Rana holds a Bachelor of Business Administration degree from the Schulich School of Business and is a Chartered Professional Accountant, CA. In February 2019, Mr. Rana was recognized as a Top Gun CFO by Brendan Wood International. Individual performance considerations CESGC conclusions Mr. Rana: Maintained a strong balance sheet with the Corporation having no debt by the end of 2021 Enhanced the asset management function and successfully resolved numerous outstanding issues Oversaw a comprehensive review of cybersecurity systems and progressed implementation of cybersecurity improvements Expanded investor relations outreach to a broader set of investors Mr. Rana met or exceeded all objectives set for him in 2021. In light of Mr. Rana’s individual outperformance and the results of the Corporate Goals performance, Mr. Rana was awarded an above-target (but below maximum) cash bonus and other incentive compensation at targeted levels, all as detailed in the Summary Compensation Table. For 2022, Mr. Rana received an inflationary adjustment to his base salary to C$639,600. Lloyd Hong Chief Legal Officer & Corporate Secretary Lloyd Hong, Chief Legal Officer & Corporate Secretary, joined Franco-Nevada in December 2012. He previously was the Senior Vice - President, Legal Counsel and Assistant Secretary of Uranium One Inc. Prior to that, he was a partner with the Canadian law firm of Davis LLP (now DLA Piper (Canada) LLP) with a practice focused on corporate finance and mergers and acquisitions. Mr. Hong holds a Bachelor of Commerce degree from the University of Alberta and a Bachelor of Laws degree from Queen’s University. Mr. Hong is a member of The Law Society of Ontario and The Law Society of British Columbia (non-practising). Individual performance considerations CESGC conclusions Mr. Hong: Oversaw the Corporation’s ESG efforts including first-time disclosure aligned with TCFD and SASB Worked closely with the business development team on successful deal negotiation and execution of new investments in excess of US$700 million Led the Corporation’s diversity leadership council which implemented several initiatives including unconscious bias training organization-wide Mr. Hong met or exceeded all objectives set for him in 2021. In light of Mr. Hong’s individual outperformance and the results of the Corporate Goals performance, Mr. Hong was awarded an above-target (but below maximum) cash bonus and other incentive compensation at targeted levels, all as detailed in the Summary Compensation Table. For 2022, Mr. Hong received an inflationary adjustment to his base salary to C$582,400.