Mr. Paul Brink reports

FRANCO-NEVADA LAUNCHES 2024 ESG REPORT AND ASSET HANDBOOK

Franco-Nevada Corp. has published its 2024 ESG (environmental, social and governance) report and 2024 asset handbook. "We are proud to report on our leading ESG approach, new programs and commitments and to provide a detailed review of our portfolio of assets," said Paul Brink, President & CEO. "We are delighted to have a number of our operating partners participate in the investor day to discuss the exciting new mines behind the growth in our portfolio."

ESG Report

Our 2024 ESG Report outlines our accomplishments in 2023 and our commitments to further our ESG leadership. Highlights of the report include:

Responsible Capital Allocation:

Performance of our major assets in the categories of health and safety, carbon footprint, water management and risk, tailings management and biodiversity

Community and Industry Contributions:

Increased funding of community contributions in partnership with operators and continued support for mining industry organizations and diversity initiatives

Good Governance and Shareholder Alignment:

Tied for second ranked mining company in The Globe and Mail's 2023 Board Games

High level of Board and management share ownership, totalling over C$200 million

Diversity, Inclusion and Well-Being:

Achieved our goal of 40% diverse persons at the Board and senior management levels, as a group

Growth of the Franco-Nevada Diversity Scholarship program

Climate Action:

Set new emission reduction targets for our corporate emissions, in line with our goal of achieving net-zero corporate emissions by 2050

Transparency and Recognition:

Alignment of ESG reporting with leading reporting standards and frameworks, including TCFD, SASB and GRI

Recognition from rating agencies in 2024, including Top Rated Gold Company and Precious Metals Company by Sustainalytics, "AA" by MSCI and rated "Prime" by ISS ESG

Asset Handbook

The 2024 Asset Handbook provides an overview of the portfolio. It describes each of our material assets including their performance to date and outlook. It also provides the underlying Mineral Resources and Mineral Reserves associated with those assets.

Leading gold-focused royalty and streaming company:

Since our 2007 IPO we have achieved compounded annual growth rate of 15% in total shareholder returns

Growth in annual GEOs of 3.7x and revenue of 8.1x since 2008

Seventeen consecutive years of dividend increases with approximately $2.2 billion paid

Largest and most diversified portfolio of cash-flow producing assets:

118 cash-flow producing assets generated $1.0 billion in Adjusted EBITDA in 2023

Portfolio well diversified by asset, operator, geography and commodity, with no single asset expected to contribute more than 15% of revenue in 2024

Long-life portfolio with M&I Resource Royalty Ounce Mine Life of 34 years for our mining assets

Strong growth outlook:

Growth driven by mine expansions and new mine starts. Expect up to nine new mines to start contributing from 2024 to 2028. Long-term optionality in gold, copper and nickel and exposure to approximately 66,800km2 on some of the world's great mineral trends

No debt, $2.4 billion in available capital and a strong pipeline of precious metal opportunities

Franco-Nevada management will discuss the key items in the above reports during the Virtual Investor Day webcast scheduled today between 3:00 pm ET to 5:00 pm ET.

Virtual Investor Day: April 10th at 3:00 pm ET to 5:00 pm ET

Webcast: app.webinar.net/oVPJZWRbalQ

Webcast replay: www.franco-nevada.com

Corporate Summary

Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada is the gold investment that works.

We seek Safe Harbor.