TECHNOLOGY @ RBC

Wealth Management Canadian Wealth Management ■ Maintain profitable growth with strong pre-tax margin ■ #1 High Net Worth and Ultra High Net Worth market share in Canada (1) Fee-based Assets per Advisor(1) ($ millions) 1.7x the Peer Average Canadian leader in fee-based assets per advisor(1) Consistently driving revenue per advisor of over $1.6MM per year, 27% above Canadian industry average(1) 119 ◉ Strong asset growth complemented by favourable market conditions ◉ Leveraging enterprise linkages to extend market share gains RBC 68 880 Cdn Peer Average U.S. Wealth Management (including City National) RBC Wealth Management U.S. ■ 7th largest full-service wealth advisory firm in the U.S. as measured by number of financial advisors and 6th largest by assets under administration(2) Enhancing the client-advisor experience through a digitally-enabled, goals-based planning approach, and strengthening the range of advisory solutions and product offerings Continuing to attract and onboard new advisors, and clearing relationships while improving advisory productivity and operational efficiency City National ■ A premier U.S. private and commercial bank that creates a platform for long-term growth in the U.S. ☐ Operates with a high-touch, branch-light client service model in selected high-growth markets, including: Los Angeles, the San Francisco Bay area, Orange County, San Diego, New York, Boston and Washington DC Expanding the CNB business model to selected high-growth markets International Wealth Management Growing market share in target markets ☐ Enhancing "One RBC" cross-platform connectivity ■ Focusing on client service excellence ☐ Increasing business effectiveness and talent capabilities (1) Strategic Insight (formerly Investor Economics), July 2020. (2) Source: U.S. wealth advisory firms quarterly earnings releases (10-Q). 14 BUSINESS SEGMENTS RBC

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