Q12018

RBC Capital Markets is a premier global investment bank that provides focused expertise in banking, finance and capital

markets to corporations, institutional investors and governments around the world. We are part of a leading, diversified

provider of financial services, Royal Bank of Canada (RBC). Operating since 1869, RBC is one of the top 15 largest banks

in the world and the 5th largest in North America, as measured by market capitalization.

RBC Capital Markets – Key Facts

Fiscal 2017 total revenue C$8.18 billion

Fiscal 2017 net incomeC$2.52 billion

Top 10 global investment bank 2011 to 20172

Over 14,600 clients worldwide in 115 countries

70 offices in 15 countries around the globe

Over 7,300 professionals and staff serving clients

Period average US$ equivalent of C$1.00 = $0.794 Period-end US$ equivalent of C$1.00 = $0.813

Q1 2018 Fiscal 2017

Total revenue C$2.17 billion C$8.18 billion

Net income C$748 million C$2.52 billion

Clients Approximately 14,600

Countries of operation 15

Employees globally Over 7,300

Offices globally 70

Canada USUK &

Europe Asia Australia Caribbean

Breakdown of employees7 3,011 2,848 1,146 167 113 31

Breakdown of offices 10 40 8 7 2 3

RBC CAPITAL MARKETS (AS OF JANUARY 31, 2018)1

ROYAL BANK OF CANADA (AS OF JANUARY 31, 2018)1

Market capitalization US$124 billion3

Q1 2018 Fiscal 2017

Total revenue C$10.8 billion C$40.7 billion

Net income C$3.0 billion C$11.5 billion

Total assets C$1.2 trillion

Assets under administration (AUA) C$5.6 trillion

Assets under management (AUM) C$656.7 billion

Moody’s S&P Fitch DBRS

Credit ratings4 A1 AA- AA AA

Clients worldwide Over 16 million

Employees worldwide Over 81,000

Common Equity Tier 1 Ratio 11.0%

RBC'S INVESTOR NETWORK

Total North American investment advisors 3,595

Canadian investment advisors 1,750

US investment advisors 1,845

All information is presented in Canadian dollars and is based on International Financial Reporting Standards (IFRS), and as at January 31, 2018 unless otherwise indicated. 1 Latest three months ended January 31, 2018 unless otherwise noted. Excludes Corporate Support. These are non-GAAP measures. For additional information, refer to the Royal Bank of Canada Q1 2018 Investor Presentation. 2 Dealogic, cumulative ranking for calendar years running 2011-2017.3 As at January 31, 2018.4 Based on senior long-term debt ratings, as of January 31, 2018.5 Source: Dealogic Analytics. Criteria based on completion date between January 1, 2017 – December 31, 20176 All transactions where RBC acted as book runner.

This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument, investment product or service. The information contained herein, has been compiled from sources believed to be reliable, but no representation or warranty, express or implied, is made by RBC Capital Markets or any of its businesses or representatives, as to its accuracy, completeness or correctness. To the full extent permitted by law, neither RBC Capital Markets nor any of its businesses or representatives, accepts any liability whatsoever arising from the use of this communication. RBC Capital Markets is a registered trademark of Royal Bank of Canada. RBC Capital Markets is the global brand name for the capital markets business of Royal Bank of Canada and its affiliates, including RBC Capital Markets, LLC (member FINRA, NYSE, and SIPC); RBC Dominion Securities, Inc. (member IIROC and CIPF), RBC Europe Limited (authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority), Royal Bank of Canada – Sydney Branch (ABN 86 076 940 880) and Royal Bank of Canada, Hong Kong Branch (regulated by the Securities and Futures Commission and the Hong Kong Monetary Authority). ® Registered trademark of Royal Bank of Canada. Used under license. © Copyright 2018. All rights reserved.02/18 18-066

rbccm.com

C$81.4 billion in average loans outstanding to clients

Advised on 136 M&A transactions valued at US$179.7 in 20175

Led 1,917 deals, raising US$244.4 billion in 2017 for corporates and governments in debt, equity, and loans markets6

Over 1,600 stocks covered by equity research

Active on over 140 markets, exchanges, and electronic trading platforms

RBC CAPITAL MARKETS KEY FACTS – Q1 2018

RECENT AWARDS AND RANKINGS

OUR COVERAGE

OUR PROFESSIONALS

Trading Hubs Coverage Offices... and 29 other cities around the world

Canada US UK & Europe Asia Australia CaribbeanRBC Capital Markets 3,011 2,848 1,146 167 113 31Royal Bank of Canada 58,229 12,407 4,944 1,586 297 3,649

US Canada UK & Europe Asia Australia Caribbean Boston Calgary Frankfurt Beijing Melbourne Nassau Chicago Montreal Lausanne Hong Kong Sydney New Providence Denver Toronto London Mumbai St. Michael Houston Vancouver Madrid Singapore Los Angeles Paris Tokyo New York San Francisco

Our Global PresenceFrom 70 offices in 15 countries, our team of over 7,300 professionals ensure that clients receive the advice, products, and services their businesses need.

Top 10 Ranking Overall (3rd Consecutive Year) 2017

Bank of the Year - Americas 2017

Best Investment Bank in Canada (10 Consecutive Years) 2017