RBC Business Segments Overview

History of delivering value to our shareholders Total shareholder return (TSR) (1) RBC Peer Avg. 3 Year 15% 16% 5 Year 11% 15% 10 Year 13% 8% Dividend ■ Current quarterly dividend: $0.75 Q1/2015 payout ratio of 45%, in line with our target of 40-50% Share buybacks ■ 2015 normal course issuer bid to repurchase up to 12 million common shares Annual dividend history* ($ per share) On February 25, 2015, RBC announced a quarterly dividend increase of $0.02 or 3% to $0.77 per share RBC has increased the dividend 6 times since May 2012, for a total increase of 35% $1.44 $1.18 CAGR 10% $2.53 $2.28 $2.08 $2.00 $2.00 $2.00 $1.82 $2.84 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 * Dividends declared per common share. Our goal is to maximize shareholder returns by achieving TSR above our peer average Investor Relations (1) Annualized TSR is calculated based on common share price appreciation plus reinvested dividend income. Source: Bloomberg, as at February 23, 2015. RBC is compared to our global peer group. The peer group average excludes RBC; for the list of peers, please refer to our 2014 Annual Report. RBC 6

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