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Press release from CNW Group

Royal Bank of Canada to redeem subordinated debentures

Wednesday, May 01, 2013

Royal Bank of Canada to redeem subordinated debentures

08:00 EDT Wednesday, May 01, 2013

TORONTO, May 1, 2013 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced its intention to redeem all outstanding 5.00 per cent subordinated debentures due June 6, 2018 (the "5.00 per cent debentures") for 100 per cent of their principal amount plus accrued interest to the redemption date. The redemption will occur on June 6, 2013. The current principal amount of 5.00 per cent debentures outstanding is $1,000,000,000.

The redemption of the debentures will be financed out of the general corporate funds of Royal Bank of Canada.

SOURCE: RBC

For further information:

please contact:

Investor contact:
Karen McCarthy, 416 955-7809, karen.mccarthy@rbc.com

Media contact:
Seema Sharma, 416 974-5606, seema.z.sharma@rbc.com

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