August 28

Royal Bank of Canada declares dividends

Royal Bank of Canada (RY on TSX and NYSE) today declared a quarterly common share dividend of $0.50 per share, payable on November 24, 2008, to common shareholders of record on October 27, 2008.

The board also declared dividends on the following Non-Cumulative First Preferred Shares, payable on November 24, 2008, to shareholders of record on October 27, 2008.

- Series W, Dividend No. 15 of $0.30625 per share.
- Series AA, Dividend No. 11 of $0.278125 per share.
- Series AB, Dividend No. 9 of $0.29375 per share.
- Series AC, Dividend No. 8 of $0.2875 per share.
- Series AD, Dividend No. 7 of $0.28125 per share.
- Series AE, Dividend No. 7 of $0.28125 per share.
- Series AF, Dividend No. 6 of $0.278125 per share.
- Series AG, Dividend No. 6 of $0.28125 per share.
- Series AH, Dividend No. 2 of $0.353125 per share. SOURCE: RBC

SOURCE: Royal Bank of Canada

SOURCE: RRYIR

Investor Contact: Shirley Boudreau, Shareholder Relations, Toronto (416) 955-7806, This email address is being protected from spambots. You need JavaScript enabled to view it.; Media Contact: Beja Rodeck, Media Relations, Toronto (416) 974-5506, toll-free 1-888-880-2173, This email address is being protected from spambots. You need JavaScript enabled to view it.