RBC completes issue of €3 billion of 5.75 % deposit notes

July 25, 2008 Client: Royal Bank of Canada

On July 25, 2008, Royal Bank of Canada issued €3,000,000,000 5.75 per cent. Deposit Notes due July 2011 under its US$40,000,000,000 Programme for the Issuance of Notes. The Notes were listed on the London Stock Exchange's Regulated Market. The Notes were offered by an underwriting syndicate joint-lead by Deutsche Bank AG, London Branch, Royal Bank of Canada Europe Limited and UBS Limited and including DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Banco Santander, S.A., Bayerische Hypo- und Vereinsbank AG, BNP Paribas, CALYON, Citigroup Global Markets Limited, Commerzbank Aktiengesellschaft, Credit Suisse Securities (Europe) Limited, Danske Bank A/S, Fortis Bank NV/SA, HSBC Bank plc, Landesbank Baden-Württemberg, Lloyds TSB Bank plc and The Royal Bank of Scotland plc.

Royal Bank of Canada was represented by Ogilvy Renault LLP, with a team including Peter S. Noble and Leslie K. Cummer (London) and Barry Segal (Toronto - Tax).