RBC Financial Performance Update

Well-diversified wholesale funding platform ■ Well-diversified across products, currencies, investor segments, and geographic regions ■ Raise majority of funding in international markets, preserving significant domestic capacity which can be more readily tapped in stressed market conditions Regular issuance in all major markets to promote investor engagement and secondary market liquidity Canada Canadian Shelf (C$25BN) U.S. SEC Registered Shelf (US$40BN) Europe and Asia European Debt Issuance Program (US$40BN) Securitizations (Canadian mortgage bonds, NHA MBS(1) and credit cards) Well Diversified by Product (2) Golden Credit Card Trust 3% Yankee CD & 3a2 2% Covered Bond 29% ■ Covered Bond Program Diversified by Geography (2) European Medium Term Note 5% CMB 16% Canadian Senior Debt 22% U.S. Medium Term Note 23% Europe 31% Canada 39% U.S. 30% (EUR 60BN) Japanese Issuance Programs (JPY 1 trillion) Recent Deals ■ USD $1.7 Billion 5 year unsecured at LIBOR+36bps USD $300 Million SOFR FRN 5 year unsecured at LIBOR+36bps ■ CAD $1.25 Billion 5 year unsecured at LIBOR+36bps EUR $1.25 Billion 10 year covered bonds at LIBOR+31bps CAD $1 Billion 12nc7 NVCC subordinated debentures at LIBOR+73bps (1) National Housing Act Mortgage Backed Securities. (2) As at April 30, 2021. 56 APPENDIX RBC

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