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Royal Bank of Canada Announces Election of New Director

TORONTO, March 1, 2012 — Royal Bank of Canada (RY on TSX and NYSE) today announced the election of Richard L. George, O.C. to its board of directors. Mr. George of Calgary, Alberta is Chief Executive Officer and a director of Suncor Energy Inc. He also serves as a director of Canadian Pacific Railway and the Canadian Council of Chief Executives.

Mr. George was appointed President and Chief Executive Officer of Suncor in 1991. Some of his past honours include being named "Outstanding CEO of the Year" and receiving the Canadian Business Leader Award. Mr. George earned a Bachelor of Science degree in engineering from Colorado State University and a law degree from the University of Houston Law School. He is also a graduate of the Harvard Business School Program for Management Development

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Royal Bank of Canada 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 are 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 74,000 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 51 other countries. For more information, please visit rbc.com.

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