Royal Bank Completes Issue of AUD100 Million 8.50% Deposit Notes

On July 28, 2008, Royal Bank of Canada issued AUD100 million 8.50 per cent deposit notes due July 2011 under its US$40 billion programme for the issuance of notes. The notes were listed on the London Stock Exchange's Regulated Market. The notes were offered by an underwriting syndicate led by Royal Bank of Canada Europe Limited and included The Toronto-Dominion Bank, Daiwa Securities SMBC Europe Limited and Zurich Cantonalbank.

Royal Bank of Canada was represented by Ogilvy Renault LLP, with a team including Peter S. Noble and Leslie K. Cummer and Barry Segal (tax); Allen & Overy LLP (UK tax) with a team including Jennifer Maskell and David S. Hughes; and by RBC senior counsel Paul Guthrie. The dealers were represented by Tina Maisonneuve and Sherry Roth of Stikeman Elliott LLP.

Lawyer(s)

Peter S. Noble Barry N. Segal Sherry L. Roth