Mr. Stefan Axell reports

FRANCO-NEVADA DECLARES QUARTERLY DIVIDEND AND PROVIDES DETAILS FOR UPCOMING RELEASE OF 2017 RESULTS

Franco-Nevada Corp.'s board of directors has declared a quarterly dividend of 23 U.S. cents per share. The dividend will be paid on March 29, 2018, to shareholders of record on March 15, 2018. The Canadian-dollar equivalent is to be determined based on the daily average rate posted by the Bank of Canada on the record date. Under Canadian tax legislation, Canadian-resident individuals who receive eligible dividends are entitled to an enhanced gross-up and dividend tax credit on such dividends.

The company has a dividend reinvestment plan (DRIP). Participation in the DRIP is optional. The company will issue additional common shares through treasury at a 3-per-cent discount to the average market price, as defined in the DRIP. However, the company may, from time to time, in its discretion, change or eliminate the discount applicable to treasury acquisitions or direct that such common shares be purchased in market acquisitions at the prevailing market price, any of which would be publicly announced. The DRIP and enrolment forms are available on the company's website. Registered shareholders may also enroll in the DRIP on-line through the plan agent's self-service web portal. Beneficial shareholders should contact their financial intermediary to arrange enrolment.

Details for coming release of 2017 results

2017 results release:  March 7 after market close

Conference call and webcast:  March 8 at 10 a.m. ET

Dial-in numbers:  toll-free: 1-888-231-8191 or international: 647-427-7450

Webcast:  at the Franco-Nevada website

Replay (available until March 15):  Toronto: 416-849-0833 or toll-free: 1-855-859-2056

Passcode:  9393915