Publication of a Prospectus

Regulatory Announcement
Royal Bank of Canada
June 22, 2016

Publication of Prospectus

Not for release, publication or distribution, directly or indirectly, in or into
the United States.

The following prospectus has been approved by the UK Listing Authority and,
along with the documents incorporated by reference therein, is available for
viewing:

5th Supplementary Prospectus dated June 22, 2016 relating to the Programme for
the €32,000,000,000 Global Covered Bond Programme of Royal Bank of Canada,
unconditionally and irrevocably guaranteed as to payments by RBC Covered Bond
Guarantor Limited Partnership.

The 5th Supplementary Prospectus, together with the document incorporated by
reference therein, have been submitted to the National Storage Mechanism and
will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Prospectus dated July 31,
2015, as supplemented by the 1st Supplementary Prospectus dated September 8,
2015, the 2nd Supplementary Prospectus dated December 10, 2015, the 3rd
Supplementary Prospectus dated March 1, 2016, the 4th Supplementary Prospectus
dated June 2, 2016 and the 5th Supplementary Prospectus dated June 22, 2016 (the
"Prospectus"), may be addressed to and/or targeted at persons who are residents
of particular countries (specified in the Prospectus) only and is not intended
for use and should not be relied upon by any person outside these countries
and/or to whom the offer contained in the prospectus is not addressed. Prior to
relying on the information contained in the Prospectus you must ascertain from
the Prospectus whether or not you are part of the intended addressees of the
information contained therein.

The Covered Bonds and the related Covered Bond Guarantee have not been and will
not be registered under the United States Securities Act of 1933, as amended
(the "Securities Act"), and may not be offered or sold within the United States
or to or for the account or benefit of U.S. persons except pursuant to an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act. Accordingly, the Covered Bonds will be
offered only (i) in offshore transactions to non-U.S. persons in reliance upon
Regulation S under the Securities Act and (ii) to qualified institutional buyers
in reliance upon Rule 144A under the Securities Act.

Your right to access this service is conditional upon complying with the above
requirement.

To view the full documents, please paste the following URLs into the address bar
of your browser.

5th Supplementary Prospectus dated June 22, 2016

http://www.rns-pdf.londonstockexchange.com/rns/0144C_-2016-6-22.pdf

Document Incorporated by Reference:

Investor Report dated May 31, 2016

http://www.rns-pdf.londonstockexchange.com/rns/0144C_1-2016-6-22.pdf

For further information, please contact

Erin Dion
Senior Counsel
Royal Bank of Canada
Telephone Number: (416) 974-4103
Fax Number: (416) 955-2032
Email: erin.dion@rbc.com

END