TECHNOLOGY @ RBC

Wealth Management - Global Asset Management Building a high-performing global asset management business Driving top-tier profitability in our largest Wealth Management business $518.5BN in client assets Investor asset mix of 49% Retail / 51% Institutional client assets Extending our lead in Canada Largest retail fund company in Canada, ranked #1 in market share capturing 32.4% amongst banks and 16.1% all-in(1) Strategic alliance between RBC Global Asset Management and BlackRock Canada connects clients to the largest and broadest ETF lineup in Canada 3rd largest institutional pension asset manager in Canada(2) Delivering strong investment capabilities to support growth - Top performing investment firm with ~70% of AUM outperforming the benchmark on a 3-year basis (3) Continued growth of investment capabilities and innovative solutions for both institutional clients and retail investors Canadian Retail AUM ($ billions) 15.4% 15.5% 15.6% 15.8% 15.8% 16.1% 16.1% 16.1% Diversified Asset Mix Q4/2020 AUM by Client Segment ($ billions)(4) 268.3 237.1 244.2 250.3 258.1 257.6 232.5 218.8 17% ■Canadian Retail ■Canadian Institutional 13% $518.5BN 49% ■U.S. Institutional 21% Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Canadian Mutual Fund Balance (1) All-In Market Share(1) ■International Institutional (1) Investment Funds Institute of Canada (IFIC) as at September 2020 and RBC reporting. Comprised of long-term funds and money market funds. (2) Benefits Canada as at May 2020. (3) As at September 2020, gross of fees. (4) RBC GAM, based on period-end spot balances. 13 BUSINESS SEGMENTS RBC

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