Business View Caribbean | April 2021

7 BUSINESS VIEW CARIBBEAN APRIL 2021 R oyal Bank of Canada (RY on TSX and NYSE) (“RBC”) announced that it has received the required approvals from local governments and from the Eastern Caribbean Central Bank for the sale of its Eastern Caribbean banking operations. The transaction closed on April 1, 2021. This sale has RBC selling its Eastern Caribbean banking operations to a consortium of regional banks comprised of 1st National Bank of RBC SUCCESSFULLY COMPLETES SALE OF ITS EASTERN CARIBBEAN BANKING OPERATIONS St. Lucia, Antigua Commercial Bank, Bank of Dominica, Bank of Montserrat, and The Bank of Nevis. The sale includes RBC’s 11 branches in Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines. “This transaction will allow RBC to align investments and resources into markets where our vision for being the Caribbean’s digitally-enabled relationship bank OPENING L INES