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RBC Donates $100,000 to Red Cross Haiti Earthquake Relief Fund &
RBC Blue Water Project Commits $1 Million to Help Rebuild Haiti

RBC Bank branches also accepting donations to Haiti Relief Fund


RALEIGH, N.C. – Jan. 22, 2010 – On behalf of the organization, RBC has made a $100,000 donation to the Red Cross to support relief and humanitarian efforts in Haiti. In addition, the RBC Blue Water Project will commit $1 million to support the efforts of ONE DROP and Oxfam to provide access to water and sanitation to the people of Haiti and rebuild small water and sanitation infrastructure in the country.

RBC has requested that, where appropriate, its donation to the American Red Cross be directed to ensuring survivors have access to clean drinking water.

As part of an ambitious project developed by Oxfam-Québec, ONE DROP’s Project Haiti will be carried out over a three-year period. Its objective will be to provide sustainable access to water and sanitation, restore small hydraulic and sanitation infrastructures and, through the arts, raise the awareness of thousands of Haitians on the importance of managing water soundly. These are all essential conditions for building a better tomorrow for future generations. RBC is a founding corporate partner of ONE DROP, with a pledge of $10 million over 10 years to help fund on-the-ground water projects and awareness programs as needed around the world. Funding for this Haitian project will come from that commitment.

RBC branches in Canada, the U.S. and the Caribbean are taking donations, and all funds collected will directly benefit Haiti Relief. RBC Bank employees and clients can make donations through RBC Bank branches throughout the Southeast U.S.

About RBC Bank
RBC Bank, headquartered in Raleigh, N.C., offers a wide range of financial services and advice to individuals, businesses and public institutions throughout the Southeast. RBC Bank’s network includes more than 430 full-service banking centers in six states (Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia), an extensive ATM network and telephone and online banking. RBC Bank is the 38th largest U.S. bank by consolidated assets, according to SNL Financial’s List of the Nation’s 50 Largest Banks, September 2, 2009. RBC Bank is a wholly-owned subsidiary of Royal Bank of Canada (RBC) (RY on the TSX and NYSE), Canada's largest and most stable bank as measured by assets and market capitalization. In August 2009, Global Finance Magazine ranked RBC as the safest bank in the Western Hemisphere. RBC is also one of the world’s financial, social and environmental corporate leaders for the past eight years as on the Dow Jones Sustainability World Index. Additional information about RBC Bank may be found at www.rbcbankusa.com.

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For more information:
Dorsey Landis
RBC Bank/(919) 788-6272
Dorsey.Landis@rbc.com