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RBC CENTURA INVESTMENT BANKING GROUP NEGOTIATES CES SALE

Westinghouse Electric Company Acquires Carolina Energy Solutions



Raleigh, N.C.– Nov. 30, 2007 – RBC Centura’s Investment Banking Group was the exclusive financial advisor in structuring and negotiating the successful sale of its client, Carolina Energy Solutions (CES), to Westinghouse Electric Company, a subsidiary of Toshiba Corp.

The move will enhance Westinghouse Electric Company’s world class specialty nuclear welding services unit. CES is a leading supplier of welding, machining and heat treating services to the nuclear, fossil power, petrochemical and process industries. The acquisition will strategically position Westinghouse with premier specialty field service technicians and equipment, ahead of unprecedented demand for new nuclear facility construction, fossil power and petrochemical projects over the next 10 to 15 years.

Located in Rock Hill, S.C., CES and its approximately 60 employees will become part of Westinghouse’s subsidiary company, PCI Energy Services, the world’s leading supplier of specialty welding and machining services to the nuclear industry. This acquisition includes CES subsidiaries Aggressive Equipment, a premier manufacturer of field machining equipment, and the Construction Institute of America, CES’ in-house welding school.

“In an era of soaring demand for new energy facilities construction, maintenance and upgrades, and a low supply of skilled specialty welding, machining and heat treating technicians, CES will add tremendous value to Westinghouse, particularly in specialty welding services,” said D. Ryan Tyler, managing director and group head of RBC Centura’s Investment Banking Group. “This should be a critical component for Westinghouse during what is expected to be a long-term growth phase in the nuclear power sector.”

RBC Centura’s Investment Banking Group works with middle-market companies to assess and execute strategic initiatives associated with growth, mergers and acquisitions, stockholder values, exit strategies and shareholder liquidity. RBC Centura’s Investment Banking Group is a unit of RBC Centura, which offers a wide range of financial services and advice, and is a wholly-owned subsidiary of the RBC Financial Group (NYSE, TSX: RY).

“RBC Centura’s Investment Banking Group understood our company’s business and corporate culture well and was instrumental in deal marketing, structuring and negotiations on our behalf,” said Richard Bryant, president and founder of CES. “They also understood mergers and acquisition dynamics from a truly global perspective and were able to make the sale a win-win for everyone. To be part of the Westinghouse team, whose technology is the basis for approximately one-half of the world’s operating nuclear plants, is quite an honor.”

About RBC Centura Bank

RBC Centura, headquartered in Raleigh, N.C., offers a wide range of financial services and advice, including a complete line of banking, and mortgage services to individuals, businesses and public institutions throughout the Southeast. RBC Centura's multi-faceted customer access network includes more than 340 full-service banking centers, an extensive ATM network, and telephone and Internet banking. In addition, RBC Centura offers builder finance products through its RBC Builder Finance division. According to SNL Financial, RBC Centura is the 45th largest U.S. bank based on assets as of August 2007. RBC Centura Banks Inc. is a wholly-owned subsidiary of Royal Bank of Canada (RBC) (NYSE, TSX: RY), Canada's largest bank as measured by assets and one of the world's financial, social and environmental corporate leaders for the past eight years as on the Dow Jones Sustainability World Index.