1 4 Appendices Transparency & Guiding Principles Climate Action Diversity, Inclusion & Well-Being Good Governance & Shareholder Alignment Community Contributions Responsible Capital Allocation Operators’ and operational impacts on biodiversity are carefully regarded by Franco-Nevada when deciding where to deploy capital (for further information, please see the section entitled Due Diligence Process). A mining or energy company’s or project’s ecological profile can be difficult to navigate, with no two environments being the same, and operators’ plans and actions are traditionally not measurable or quantifiable using universal standards or metrics. Franco-Nevada reviews the impact on biodiversity and ecosystems throughout the lifecycle of a project, including preliminary strategic assessments of biodiversity impacts caused by project development, life of project “no-net- loss” commitments to offset unavoidable impacts on biodiversity through regional conservation activities, and plans for site rehabilitation and reclamation upon project closures. We track the environmental impacts of certain of our existing assets and we look to partner with operators to contribute to biodiversity-related initiatives in proximity to projects where we have royalty and stream interests. We have included on these pages the World Benchmarking Alliance: Nature Benchmark, Ecosystems and Biodiversity rankings for our Top Mining Producers in 2022. On the next page, we have also highlighted the performance and some of the biodiversity commitments and initiatives by our Top Mining Producers, including an in-depth look at two of our Top Mining Assets, Cobre Panama and Detour Lake, which information is derived from the 2022 sustainability reports of First Quantum and Agnico Eagle, respectively. Our Top Mining Producers: 7 of 10... have formalized commitments not to explore or mine in World Heritage Sites 7 of 10... have commitments to securing a net neutral or positive impact on biodiversity at their operations 6 of 10... have submitted responses to the Carbon Disclosure Project (CDP) forests questionnaire 6 of 10... reported no significant incidents or non-compliance relating to biodiversity in 2021 6 of 10... are WGC and/or ICMM members, which have biodiversity standards and commitments for members “...Franco-Nevada reviews the impact on biodiversity and ecosystems throughout the lifecycle of a project...” Biodiversity Our Top Mining Producers Ranked: World Benchmarking Alliance: Nature Benchmark, Ecosystems and Biodiversity ranking (2022)* Out of 97 global metals and mining companies Out of 389 global companies from all industries 1 4 8 25 17 51 25 81 26 82 39 132 54 198 NR NR NR NR NR NR * The World Benchmarking Alliance is a United Nations organization launched in 2018 to ensure that business impact is measured, in an effort to boost motivation and stimulate action for a sustainable future for everyone. The Ecosystems and biodiversity measurement area assesses the extent to which companies understand their impacts and dependencies on nature as well as how they tackle their main pressures on ecosystems and biodiversity. It is composed of sixteen indicators covering topics such as land and sea use change, direct exploitation and invasive alien species.