Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name	Franco-Nevada Corporation

Reporting Year	From	2023-01-01	To:	2023-12-31	Date submitted	2024-05-28

Reporting Entity ESTMA Identification Number	E330301

Other Subsidiaries Included (optional field)	Not Applicable

Not Consolidated

Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity	Sandip Rana				Date	2024-05-28
Position Title	Chief Financial Officer				Date	2024-05-28

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

2023-01-01

To:

2023-12-31

Reporting Entity Name

Franco-Nevada Corporation

Currency of the Report

CAD

Reporting Entity ESTMA

Identification Number

E330301

Subsidiary Reporting Entities (if

necessary)

Payments by Payee

Country

Payee Name¹

Departments, Agency, etc…

within Payee that Received

Payments²

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure

Improvement

Payments

Total Amount paid

to Payee

Notes³⁴

Canada

Government of Saskatchewan

Ministry of Finance

820,000

820,000

Canada

Government of Saskatchewan

Ministry of Energy and Resources

550,000

1,880,000

2,430,000

Canada

Government of Canada

Canada Revenue Agency

1,300,000

1,300,000

United States of America

United States Federal Government

United States Department of the Interior Bureau of Land Management

210,000

210,000

United States of America

County of Harrison

County Treasurer's Office

190,000

190,000

United States of America

County of Martin

County Treasurer's Office

190,000

190,000

United States of America

County of Midland

County Treasurer's Office

660,000

660,000

United States of America

County of Reeves

County Treasurer's Office

470,000

470,000

Additional Notes:

¹Payments reported reflect gross payments made directly by Franco-Nevada in relation to its non-operated working interest in the Midale unit and Weyburn unit joint operations. Payments made by the operator on behalf of Franco-Nevada are reported by the operator.

²All payments are reported in Canadian dollars. Where payments were made in currencies other than Canadian dollars, the payments were converted into Canadian dollars using an annual average exchange rate. The annual average exchange rate used was: $1.00 USD = $1.3497 CAD.

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

2023-01-01

To:

2023-12-31

Reporting Entity Name

Franco-Nevada Corporation

Currency of the Report

CAD

Reporting Entity ESTMA

Identification Number

E330301

Subsidiary Reporting Entities (if

necessary)

Payments by Project

Country

Project Name¹

Taxes

Royalties

Fees

Production

Entitlements

Bonuses

Dividends

Infrastructure

Improvement

Payments

Total Amount paid by

Project

Notes²³

Canada

Midale Unit Working Interest

$260,000

$140,000

400,000

Canada

Weyburn Unit Working Interest

$2,380,000

$1,740,000

4,120,000


Additional Notes³:	1 Payments reported reflect gross payments made directly by Franco-Nevada in relation to its non-operated working interest in the Midale unit and Weyburn unit joint operations. Payments made by the operator on behalf of Franco-Nevada are reported by the operator.