FRANCO-NEVADA CORPORATION 117 THE GOLD INVESTMENT THAT WORKS Our energy investments have allowed us to be opportunistic through the commodity cycles, adding growth and diversity to our portfolio. “ ” DIVERSIFIED ASSETS RESERVES AND RESOURCES ADDITIONAL INFORMATION Diversified Assets - Energy ENERGY ASSETS North America Island Gold Millmerran Red October Henty Mt Keith Duketon Yandal (Bronzewing/Julius) King Vol Bowen Basin South Kalgoorlie (Mt Martin) Flying Fox Sterling Robinson Fire Creek Bald Mountain Marigold EaglePicher Pinson Midas Goldstrike Gold Quarry South Arturo Hollister Nevada Australia Subika (Ahafo) Tasiast Sabodala Edikan MWS Perama Hill Kiziltepe Karma Sissingue Pandora Cobre Panama Falcondo Cerro San Pedro Castle Mountain Rosemont Mesquite Courageous Lake Musselwhite Hemlo New Prosperity Hardrock Detour Lake Midale Weyburn Goldfields Monument Bay Edson Timmins West Sudbury Kirkland Lake Golden Highway Canadian Malartic Nevada Stibnite Gold Cariboo SCOOP Midland Orion Dublin Gulch (Eagle) Red Mountain Delaware STACK Franco-Nevada Australia Office Franco-Nevada Head Office Franco-Nevada U.S. Office Franco-Nevada Barbados Office Kivivic 2 Marcellus Guadalupe-Palmarejo Brucejack CentroGold (Gurupi) Cerro Moro Taca Taca NuevaUnión (Relincho) San Jorge Antamina Salares Norte/ Rio Baker Valentine Lake Antapaccay Candelaria Calcatreu Stillwater Alpala Red Lake (Bateman) Milpillas Haynesville Agate Creek White Dam Condestable Séguéla Edna May Higginsville (Lake Cowan) Aphrodite Matilda (Wiluna) Agnew (Vivien) South Kalgoorlie (New Celebration/ Mt Marion Lithium) Cue Gold (Day Dawn) Agi Dagi ̆ ̆ Carol Lake Vale N. System Vale S.E. System Sossego Producing Advanced Producing (Energy) Edson Cardium Formation Cold Lake Anadarko Basin Permian Basin Midland Delaware STACK SCOOP Peace River Orion Athabasca Weyburn Williston Basin Midale Appalachian Basin Marcellus Oil Gas Geothermal Haynesville Neal Hot Springs Energy Assets Franco-Nevada has owned and invested in energy assets since inception. Our energy investments allow us to be opportunistic through the commodity cycles, adding growth and diversity to our portfolio. Energy revenue was 16% of Franco-Nevada’s overall revenue in 2021. The scale of the energy sector along with its many participants provides a diverse set of operators and a broad range of royalty opportunities. Until 2016, Franco-Nevada’s focus was primarily on the Western Canadian Sedimentary Basin. Starting in late 2016, we added exposure to the SCOOP/STACK basins in Oklahoma and the Midland/Delaware basins in Texas due to their attractive economics, favourable regulatory environment and access to market. In the last few years the energy additions to the portfolio have been in natural gas. In 2019, we added royalty assets in the Marcellus shale in Appalachia, and in late 2020 a portfolio of royalties in the Haynesville shale in East Texas. In 2021, Franco-Nevada updated the methodology used to account for undrilled inventory locations for our shale assets in the U.S. The locations are now based on third party reserve estimates for the Proved, Probable, Possible, and Contingent resource categories for currently producing formations. Relative to our prior methodology, these estimates do not include all hydrocarbon-bearing formations at depth and future well locations are typically constrained to shorter distances away from existing wells. Major Producing Assets as at April 8, 2022 UNITED STATES Marcellus Range Resources Haynesville Rockcliff Energy/Various SCOOP/STACK Continental Resources/Various Permian Basin Various CANADA Weyburn Unit Whitecap Resources Orion Strathcona Resources Orion processing facilities, Alberta