RNS Number:1026E
Royal Bank of Canada
23 May 2001


Dividends

NOTICE is hereby given that dividends on the following issued and outstanding
shares of this Bank have been declared payable for the current quarter on and
after August 24, 2001 to shareholders of record of such issued and outstanding
shares at the close of business on July 25, 2001 as follows:

1. Dividend No. 41 in the amount of $0.5625 per share on the Non-Cumulative
   First Preferred Shares Series H;

2. Dividend No. 40 in the amount of $0.47656 U.S. per share on the Non-
   Cumulative First Preferred Shares Series I;

3. Dividend No. 34 in the amount of $0.44375 per share on the Non-Cumulative 
   First Preferred Shares Series J;

4. Dividend No. 34 in the amount of $0.39375 U.S. per share on the Non-
   Cumulative First Preferred Shares Series K;

5. Dividend No. 13 in the amount of $0.29375 per share on the Non-Cumulative 
   First Preferred Shares Series N;

6. Dividend No. 9 in the amount of $0.34375 per share on the Non-Cumulative 
   First Preferred Shares Series 0;

7. Dividend No. 9 in the amount of $0.359375 U.S. per share on the Non-
   Cumulative First Preferred Shares Series P; and

8. Dividend No. 456 in the amount of $0.36 per share on the Common Shares.

NOTICE is hereby given that dividends No. 184, 185 and 186 on the issued and
outstanding Price Adjusted Floating Rate First Preferred Shares Series E of this
Bank have been declared for the months of August, September and October 2001
payable on September 12, October 12 and November 9, 2001 respectively to
shareholders of record at the close of business on August 31, September 28 and
October 31, 2001 respectively in accordance with the provisions of the rights,
privileges, restrictions and conditions attached to such shares.

By Order of the Board

Jane E. Lawson
Senior Vice-President & Secretary

May 23, 2001


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