Royal Gold, Inc. 2021 ESG Report 15 Message of Support from the Chair of our Compensation, Nominating and Governance Committee Dear Stakeholders: On behalf of the Compensation, Nominating and Governance (“CNG”) Committee, I want to express our commitment to, and support of, Royal Gold’s inaugural ESG report. The CNG Committee has assumed leadership of Board governance responsibilities for the company’s ESG efforts, and we will continue to monitor, guide, and critically probe the successful journey Royal Gold’s management team has initiated in this important area. I have served on the Board of Directors of Royal Gold since 2013 and have over the years seen numerous examples of the importance assigned to ESG factors in strategy setting, due diligence and asset monitoring. While we acknowledge that Royal Gold is a passive investor, we believe a finance provider to the mining industry can play a role in assisting Operators in numerous areas, whether that is the transition to a low-carbon economy, improving water efficiency, or addressing the many sustainable development goals expressed in the UN Global Compact. Stakeholder consultation, water sourcing, GHG emissions, air quality impacts and tailings dam stability assurance are just a few of the topics that are critically reviewed in all of our investment decisions. Members of the CNG Committee and the Board of Directors have significant industry experience in mine development and operations, having previously been employed in various senior roles at significant mining companies such as Placer Dome, Barrick, Teck and Goldcorp. We are well positioned to serve in our oversight role. Our most important asset is our people. COVID-19 has focused the company on the health and safety of our teams in office environments and in the field. We have found new ways to communicate and effectively collaborate, while progressing many of the company’s strategic ESG initiatives. We also support the efforts to enhance diversity within the company, as exemplified by the November 2020 appointment of Fabiana Chubbs to our Board of Directors. We look forward to continuing our positive contribution to the company’s efforts to further develop, and execute on, our ESG strategy. We understand that expectations in this area will continue to evolve, and we will continue to work with the Royal Gold management team to meet and hopefully exceed the standards as they develop. Sincerely, Ronald J. Vance Chair, Compensation, Nomination and Governance Committee Royal Gold, Inc.