News Release

RBC Global Asset Management Inc. Appoints New Sub-Advisor for RBC Private U.S. Growth Equity Pool

TORONTO, June 6, 2012 — RBC Global Asset Management Inc. today announced that Brown Advisory, LLC (“Brown Advisory”) has been appointed as sub-advisor for RBC Private U.S. Growth Equity Pool. This change will be effective as of June 18, 2012.

Brown Advisory is the primary investment advisory affiliate of Brown Advisory Incorporated, an independent investment firm owned primarily by its employees and directors with principal offices in Baltimore, Washington, Boston and London. Since its founding as an affiliate of Alex Brown & Sons in 1993, the firm has grown strategically, with approximately $29 billion in private and institutional client assets. Brown Advisory’s investment capabilities include a wide array of U.S. equity and fixed income strategies in addition to alternative investments, open architecture and asset allocation capabilities.

About RBC Global Asset Management and RBC Wealth Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.). RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $250 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.

RBC Global Asset Management is part of RBC Wealth Management, which is one of the world’s top 10 largest wealth managers. RBC Wealth Management directly serves affluent, high-net-worth and ultra high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third-party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$560 billion of assets under administration, more than C$322 billion of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.

MEDIA ENQUIRIES

Leah Commisso
Corporate Communications
RBC Global Asset Management
Canada and U.S.
416-955-6498
leah.commisso@rbc.com
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