RBC Financial Performance Update

Note to users We use a variety of financial measures to evaluate our performance. In addition to generally accepted accounting principles (GAAP) prescribed measures, we use certain key performance and non-GAAP measures we believe provide useful information to investors regarding our financial condition and result of operations. Readers are cautioned that key performance measures, such as ROE and non- GAAP measures, including amounts excluding Corporate Support, pre-provision, pre-tax earnings, adjusted pre-provision and pre-tax earnings, adjusted net income, average loans and acceptances excluding certain items, cash earnings excluding the after-tax effect of amortization of intangibles, loan yield calculated as interest income on loans as a percentage of average total net loans, securities yield calculated as interest and dividend income on securities as a percentage of average securities, net of applicable allowance, and deposit costs calculated as interest expense on deposits and other than as a percentage of average deposits, do not have any standardized meanings prescribed by GAAP, and therefore are unlikely to be comparable to similar measures disclosed by other financial institutions. Additional information about our ROE and non-GAAP measures can be found under the “Key performance and non-GAAP measures" sections of our 2020 Annual Report and Q2 2021 Report to Shareholders, as well as in our Q2 2021 Supplementary Financial Information. Definitions can be found under the "Glossary" sections in our Q2 2021 Supplementary Financial Information and our 2020 Annual Report. 58 Investor Relations Contacts Nadine Ahn, SVP Wholesale Finance and Investor Relations Asim Imran, Vice President, Investor Relations Marco Giurleo, Senior Director, Investor Relations (416) 974-3355 (416) 955-7804 (416) 955-2546 www.rbc.com/investorrelations RBC

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