Notice of Annual and Special Meeting of Shareholders Annual and Special Meeting (the “Meeting”) of the shareholders of Franco-Nevada Corporation (the “Corporation”) Date: Wednesday, May 4, 2022 Time: 4:00 p.m. (Toronto time) Venue: Virtually at http s://web.lumiagm.com/484064175 and in person at the TMX Market Centre, 120 Adelaide Street West, Toronto, Ontario M5H 1P9 Items of Business: 9 9   t o receive the audited consolidated financial statements of the Corporation for the year ended December 31, 2021, together with t he auditors’ report thereon; 9 9   t o elect the directors of the Corporation; 9 9   t o appoint PricewaterhouseCooper s LLP, Chartered Professional Accountants, as auditors of the Corporation for the ensuing year and to authorize the directors to fix the remuneration to be paid to t he auditors; 9 9   t o consider and, if thought appr opriate, pass, with or without variation, an advisory resolution on the Corporation’s approach to executive compensation; and 9 9   t o transact such other business as may properly come before the Meeting or any adjournment thereof. The management information circular (the “C C i r c u l a r ”) dated March 21, 2022 provides additional information relating to the matters to be dealt with at the Meeting and forms part of this notice. Hybrid Meeting The Corporation plans on holding a hybrid meeting this year as COVID-19 restrictions have been lifted. The online meeting will be via live webcast at https://web.lumiagm.com/484064 175 and in person at the TMX Market Centre, 120 Adelaide Street West, Toronto, Ontario M5H 1P9. Registered shareholders and their duly appointed proxyholders can attend, su bmit questions and vote at the Meeting. Non-registered or beneficial shareholders must appoint themselves (or someone to attend on their behalf) as proxyholder in order to be able to vote at the Meeting. Otherwise, such non-registered or beneficial shareholders will only be able to attend as a guest. Detailed instructions on how to participate in the Meeting (either virtually or in person) are provided in the attached Circular. It is possible that changes to the date, time or location/format of the Meeting may be required as a result of COVID-19. We will announce any changes or updates in respect of our Meeting on our website or by press release.