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Royal Bank of Canada announces redemption of RBC Trust Capital Securities – Series 2013

TORONTO, October 25, 2013 - Royal Bank of Canada (RY on TSX and NYSE) today announced that RBC Capital Trust II, an open-end unit trust established by Royal Bank of Canada, will redeem all of its issued and outstanding $900,000,000 principal amount Trust Capital Securities - Series 2013 ("RBC TruCS - Series 2013") for cash at a redemption price of $1,000 per unit on December 31, 2013.

Separately from the RBC TruCS - Series 2013 redemption price, the final semi-annual distribution of $29.06 per unit for the RBC TruCS - Series 2013 will be paid to security holders in the usual manner on December 31, 2013.

The redemption of the RBC TruCS - Series 2013 units will be financed out of the general funds of RBC Capital Trust II.

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For further information, please contact:

Investor Contact:
Karen McCarthy, Investor Relations, 416-955-7809,
karen.mccarthy@rbc.com

Media Contact:
Seema Sharma, Corporate Communications, 416-974-5606,
seema.z.sharma@rbc.com