Governance, Risk Management and Scenario Analysis Refer to the International Sustainability Standards Board (ISSB) Sustainability Disclosure Standards section of this Sustainability Report, including Appendix B , for: § Details regarding Board and management oversight of sustainability - and climate - related matters, including policies, programs, risk management processes, and management’s role in the day - to - day implementation of sustainability - related considerations; § A description of Franco - Nevada’s climate - related scenario analysis, undertaken to assess the company’s climate - related risk profile and resilience, informed by relevant assumptions regarding sustainability - and climate - related trends applicable to the mining and energy industries; and § An assessment of climate - related risks and opportunities and how these considerations inform the company’s strategy, capital allocation framework and investment decision - making. FN-AC-410a.3 Description of proxy voting and investee engagement policies and procedures As a royalty and streaming company, our equity holdings do not represent a material portion of our business and the management of security portfolios and active engagement with investee companies are each not applicable to our company. Refer to Note 6 in our Audited Financial Statements for the year ended December 31, 2025 for the total quantum ($967.3 million as at December 31, 2025) of our equity investments. For this reason, we do not have formal proxy voting and investee engagement policies and procedures and the information required in this SASB standard has been omitted. Business Ethics FN-AC-510a.1 Total amount of monetary losses as a result of legal proceedings associated with fraud, insider trading, anti-trust, anti-competitive behaviour, market manipulation, malpractice, or other related financial industry laws or regulations We are aligned with the SASB disclosure standards having disclosed the total amount of monetary losses (nil) as a result of legal proceedings associated with fraud, insider trading, anti-trust, anti-competitive behaviour, market manipulation, malpractice, or other related financial industry laws or regulations. Also refer to Appendix A to this Sustainability Report for further information. FN-AC-510a.2 Description of whistleblower policies and procedures Our Whistleblower Policy and our Employee Complaint Procedures for Accounting and Auditing Matters can be found on our website. Also refer to page 25 of this Sustainability Report for a description of such policies and related procedures and Appendix A to this Sustainability Report for the number of instances of whistleblower complaints (nil) in 2025. Activity Metrics FN-AC-000.A (1) Total registered and (2) total unregistered assets under management (AUM) Franco-Nevada does not have any registered assets (nil) under the SASB definition of Registered AUMs. Accordingly, all (100%) of our assets are unregistered assets, all of which are under our company’s control and supervision. For details regarding our assets, please refer to our Consolidated Statements of Financial Position in our Audited Financial Statements for the year ended December 31, 2025 and to the notes referenced in the statements. FN-AC-000.B Total assets under custody and supervision Please refer to the note above for SASB standard FN-AC-000.A. All of our company’s assets are under our supervision. For details regarding our assets, please refer to our Consolidated Statements of Financial Position in our Audited Financial Statements for the year ended December 31, 2025 and to the notes referenced in the statements. Franco-Nevada Corporation 72