RBC Business Segments Overview

Wealth Management - Global Asset Management ☐ Building a high-performing global asset management business Driving top-tier profitability in our largest Wealth Management business Over $371 billion in client assets, generating -75% of RBC Wealth Management earnings on a full year basis - Investor asset mix of 44% Individual / 56% Institutional client assets - RBC Global Asset Management grew AUM on average 2 times faster than the industry from January 2009 through June 2014 Extending our lead in Canada - Largest fund company in Canada with 14.6% market share; leader in last twelve months inflows (1) Top quartile fund performance, with 77.9% of AUM in 1st or 2nd quartile (2) Third largest institutional pension asset manager in Canada(3) Expanding our global solutions and capabilities - RBC Continuing to see momentum in our international institutional business, including BlueBay, driven by market share gains in higher fee- based solutions such as equities and credit strategies Strengthening our distribution capabilities while further enhancing our global product suite to meet the needs of our clients Hired teams in London and Canada to build out our global equities team in 2014 Annual AUM Growth: RBC GAM vs. Worldwide AM Industry (4) 29% ■ RBC GAM ■Industry 27% 28% AUM by Client Segment ($ billions) (5) $371 20% 14% International Institutional ■U.S. Institutional 22% Canadian Institutional ■Canadian Retail 12% 9% 8% 1% 15% 13% 11% 7% $86 45% 100% (1%) 2009 2010 2011 2012 2013 Jun-14 2007 Q1/2015 Investor Relations 13 (1) Investment Funds Institute of Canada (IFIC) as at December 31, 2014 and RBC reporting. (2) As at January 31, 2015. Based on a blended 1/3/5 year basis, gross of fees, against RBC Global Asset Management peer group. (3) Benefits Canada as at November 30, 2014. (4) Boston Consulting Group, McKinsey. AUM of RBC GAM acquisitions deducted in year of acquisition, and thereafter. (5) Data as of January 31, 2015; includes overlay assets.

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