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Royal Bank of Canada Announces Appointment of Two New Directors

TORONTO, June 17, 2011 — Royal Bank of Canada (RY on TSX and NYSE) today announced the appointment of Heather Munroe-Blum and Bridget van Kralingen to its Board of Directors.

Dr. Munroe-Blum is the Principal and Vice-Chancellor of McGill University in Montreal. She is a director of, among other corporations, Yellow Media Inc., the Canada Pension Plan Investment Board, the Pierre Elliott Trudeau Foundation, the Association of American Universities, the Association of Universities and Colleges of Canada and la Conférence des recteurs et des principaux des universités du Québec. Dr. Munroe-Blum is also a member of the Science, Technology and Innovation Council of Canada and the Committee on Research Universities of the National Research Council (U.S.A.). She is a Fellow of the Royal Society of Canada.

Ms. van Kralingen is the General Manager of North America, IBM Corporation in New York, responsible for strategy, execution, business results and client satisfaction for the full range of IBM's business in Canada and the United States. Ms. van Kralingen is a former Managing Partner of Deloitte Consulting, where she served in the Financial Services practice in the U.S. and the Strategy and Organizational Development practice in South Africa. She also serves on the advisory board of Catalyst, a non-profit organization which expands opportunities for women in business.

About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada's largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 79,000 full- and part-time employees who serve close to 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 56 other countries. For more information, please visit rbc.com.

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For more information, please contact:

Tanis Robinson, (416) 955-5172, tanis.robinson@rbc.com