Franco-Nevada Corporation 44 Responsible Gold Mining Principles We are a long-standing member of the World Gold Council (“WGC”) and, in 2012, led the establishment of the WGC’s new Conflict-Free Gold Standard to combat the potential misuse of mined gold to fund unlawful armed conflict. David Harquail, our Chair of the Board, was Chair of the WGC from 2017 to 2020. Paul Brink, our President & CEO, is currently a director of the WGC, serves as the Chair of the WGC’s Compensation Committee. Franco-Nevada played a leading role at the WGC during the establishment of the RGMPs. In September 2019, we officially committed to the RGMPs. The RGMPs were established by the WGC as a framework that sets out clear standards as to what constitutes responsible gold mining, incorporating ESG principles aligned with the expectations of governments, investors, employees and contractors, communities, supply chain partners and civil society. The principles incorporate 51 separate ESG principles addressing 10 broad topics depicted on this page. Commitment to RGMP Requirements As a royalty and stream company, we are committed to implement the RGMPs which require finance and capital providers to publicly endorse the RGMPs, use our best endeavours to encourage adoption of the RGMPs at all operations where we have influence and, to the extent applicable, ensure conformance with the RGMPs for any gold mining operations over which we have direct control. In addition to endorsing and encouraging the adoption of the RGMPs in accordance with the RGMP guidelines, we are committed to expanding awareness and understanding of the RGMPs with our investees, directors, officers, consultants, shareholders and other stakeholders. RGMP Policy Implementation On March 10, 2021, we adopted our Responsible Gold Mining Principles Policy (the “RGMP Policy”) to formalize our commitment to the RGMPs. The RGMP Policy was updated on March 9, 2022, which formalized certain changes to our RGMP Policy Measures made in 2021, which changes are described on the following page. The full text of the RGMP Policy can be found on our website at www.franco-nevada.com/corporate/policies-mandates. In the RGMP Policy, we commit to implement the RGMP requirements for royalty and stream companies, to the extent applicable, including the requirement to publicly endorse the RGMPs. The RGMP Policy Measures and related Compliance Criteria in the table on the following page were implemented as at December 31, 2024 and represent our internally-developed criteria in furtherance of our commitment to the RGMPs and against which we measure our RGMP Policy implementation described under Description of Implementation in the following table. Related Policies & Statements: § Responsible Gold Mining Principles Policy Transition to Consolidated Mining Standard The Consolidated Mining Standard (the "Standard") Initiative responds to growing demand for responsible mining practices, bringing together the attributes of four individual standards (The Copper Mark, Mining Association of Canada’s Towards Sustainable Mining (TSM), World Gold Council’s Responsible Gold Mining Principles and ICMM’s Mining Principles) while eliminating duplication, filling gaps and making improvements where appropriate, and consolidating the standards into one, global standard that reduces complexity and clarifies responsible practices for mining companies of all sizes, across all locations and commodities. Once finalized, the Standard is expected to be used by existing members of ICMM, WGC and Mining Association of Canada, and participants of The Copper Mark, giving the Standard the widest coverage of any voluntary mining standard to date, with implementation anticipated to include almost 100 mining companies across approximately 600 facilities in around 60 countries, with the companies set to adopt the Standard accounting for a substantial share of the global mining market. The draft Standard primarily focuses on responsible mining practices for mining companies and aims to simplify and clarify guidelines for mining operations, it does not explicitly address the applicability to royalty and streaming companies providing capital to mining companies in the way the RGMPs do. This may necessitate phasing out or replacing our RGMP Policy to align with the new Standard. Consequently, obtaining future assurance may not be possible, as the type of assurance received this year for our RGMP Policy implementation will likely not be applicable or relevant following the transition to the new Standard. Message from our CEO Report Highlights About Franco-Nevada Responsible Capital Allocation Community Contributions Good Governance and Shareholder Alignment Diversity, Inclusion and Well-Being Climate Action About this Sustainability Report Appendices ISSB, SASB, and GRI UN Global Compact and SDGs ESG Ratings and Recognition Transparency and Guiding Principles Responsible Gold Mining Principles