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Royal Bank of Canada to tender external audit services

TORONTO, January 6, 2015 -  Royal Bank of Canada (RY on TSX and NYSE) today announced that it will conduct a tender process for its external audit services for fiscal 2016. The incumbent audit firm, Deloitte LLP, has consistently provided a high level of quality and expertise as auditor, and will be asked to participate in the process.

As the last tender took place in 2003, the Audit Committee believes that this is an appropriate time to conduct a tender process in keeping with its commitment to best practices in corporate governance and reporting and to align with emerging global standards.

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Royal Bank of Canada is Canada’s largest bank, and one of 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, investor services and capital markets products and services on a global basis. We employ approximately 78,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 38 other countries. For more information, please visit rbc.com.

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