Annual Information Form

ROYAL BANK OF CANADA

ANNUAL

INFORMATION

FORM

December 1, 2015

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

From time to time, we make written or oral forward-looking statements within the
meaning of certain securities laws, including the "safe harbour" provisions of
the United States Private Securities Litigation Reform Act of 1995 and any
applicable Canadian securities legislation. We may make forward-looking
statements in this Annual Information Form and in the documents incorporated by
reference herein, in other filings with Canadian regulators or the United States
(U.S.) Securities and Exchange Commission (SEC), in reports to shareholders and
in other communications. Forward-looking statements in this document and in the
documents incorporated by reference herein include, but are not limited to,
statements relating to our financial performance objectives, vision and
strategic goals, the economic and market review and outlook for Canadian, U.S.,
European and global economies, the regulatory environment in which we operate,
the outlook and priorities for each of our business segments, and the risk
environment including our liquidity and funding risk as set out in the 2015
Management's Discussion and Analysis. The forward-looking information contained
in this Annual Information Form and in the documents incorporated by reference
is presented for the purpose of assisting the holders of our securities and
financial analysts in understanding our financial position and results of
operations as at and for the periods ended on the dates presented, our financial
performance objectives, vision and strategic goals, and may not be appropriate
for other purposes. Forward-looking statements are typically identified by words
such as "believe", "expect", "foresee", "forecast", "anticipate", "intend",
"estimate", "goal", "plan" and "project" and similar expressions of future or
conditional verbs such as "will", "may", "should", "could" or "would".

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