FNV: TSX | NYSE 59 Governance Responsible Supply Chain We have a Supplier Code of Conduct, which sets out our expectations for organizations, including their employees and representatives (collectively, our “Suppliers”), who supply goods and services to us. The Supplier Code of Conduct is to be delivered to Suppliers upon commencement of their arrangements with our company. Suppliers are expected to: • Conduct their business activities in compliance with laws and standards in the jurisdictions in which they operate; • Prevent conflicts of interest with Franco-Nevada; • Employ individuals above the legal age of employment, not to use forced or slave labour, meet minimum wage requirements and not exceed working hour and day regulations; • Recognize freedom of association and the right to collective bargaining; • Refrain from discriminating against their employees; • Respect the dignity of their own employees and others, adhere to principles of diversity and maintain a respectful workplace; and • Afford equality of opportunity to all people. Suppliers are also encouraged, where applicable, to: • Reduce greenhouse gas emissions; • Preserve water and minimize water pollutants; • Maintain soil, biodiversity and ecosystem quality; • Reduce resource waste and foster optimal resource use; • Incorporate climate change risk assessment into their risk management procedures; and • Measure and publicly report on their climate change risk and environmental performance. Failure of any of our Suppliers to comply with our Supplier Code of Conduct may result in the termination of our relationship with the Supplier. To date, we have not been aware of any such failure by our Suppliers to comply with our Supplier Code of Conduct. Franco-Nevada opening the TSX in December 2017