TECHNOLOGY @ RBC

COVID-19 vulnerable sector spotlights Oil & Gas $7.6 billion in Loans & acceptances outstanding as of Q4/2020 1 75% Canada; 18% USA; 7% Other International Transportation $7.6 billion in Loans & acceptances outstanding as of Q4/2020 58% Canada; 25% USA; 17% Other International Exploration & Production Drilling & Services 1.0 Refining, Marketing & 0.8 Distribution Integrated 0.4 5.4 Air Transport 0.4 Ground Transport 3.3 2.3 0.5 Transit-related Marine Transport 0.5 0.3 Passenger-related Rail Transport 0.2 ■ Our oil & gas exposure represents 1.1% of total loans and acceptances outstanding ■ Our clients continue to be impacted by: - - Low commodity prices, due in part to the reduction in demand from COVID-19; Limited access to capital; and - A weaker market for asset sales E&P benefits from a borrowing base structure, supported by oil & gas reserves Drilling & services exposure is nearly all secured (equipment or guarantees) ■ Our vulnerable exposure to the transportation sector represents 54% of our transportation sector exposure and 0.6% of total loans and acceptances outstanding ■ Air Transportation businesses continue to be impacted by travel restrictions, and vulnerable exposure includes aircraft (including Original Equipment Manufacturers (OEMs), part suppliers and lessors), airports, and airlines - Majority of OEMs and lessors exposure is investment grade. - Parts suppliers are generally smaller and have less liquidity than OEMs and lessors but represent -20% of our air transport segment exposure - Majority of airports exposure is investment grade; our clients have maintained access to capital markets and benefitted from government support 33 | RISK REVIEW RBC

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