RBC Asset Management Inc. February Sales Results

TORONTO, March 2, 2006 - RBC Asset Management Inc. today announced $1.19 billion in long-term net sales and money market net redemptions of $32 million for a total of $1.16 billion in overall net sales for the month of February. RBC Asset Management net sales results for the twelve months ended February 28, 2006 were $6.0 billion, including $6.5 billion in long-term net sales and $0.5 billion in money market net redemptions.

For the period between January 1, 2006 and March 1, 2006, which is typically defined as the RRSP season, RBC Asset Management had long-term net sales of $1.98 billion and money market net redemptions of $40 million for a total of $1.94 billion in overall net sales.

"We are particularly pleased with the breadth of our RRSP season sales as investors, working with their advisors, chose to invest in more portfolio solutions and U.S. and International equities than last year," said Brenda Vince, president, RBC Asset Management. "Portfolio solutions were particularly popular as they offer professional asset allocation with enhanced global diversification that should help investors be successful over longer investing timeframes."

For February, net sales of RBC Select Portfolios totalled $341 million. Top selling funds for February include the RBC Dividend Fund with $225 million in net sales, the RBC O'Shaughnessy International Equity Fund with $131 million in net sales, the RBC Balanced Fund with $127 million in net sales.

About RBC Asset Management
RBC Asset Management Inc. is an indirect, wholly owned subsidiary of Royal Bank of Canada. RBC Asset Management Inc. provides a broad range of investment services to investors through mutual funds, pooled funds and separately managed portfolios. With over $66 billion in assets under management and offices in major financial centres around the world, RBC Asset Management Inc. is one of Canada's largest money managers. Visit our website at www.rbcfunds.com.

About RBC Financial Group
Royal Bank of Canada (RY: TSX, NYSE) uses the initials RBC as a prefix for its businesses and operating subsidiaries, which operate under the master brand name of RBC Financial Group. Royal Bank of Canada is Canada's largest bank as measured in assets, and is one of North America's leading diversified financial services companies. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. The company employs 70,000 full and part-time employees who serve more than 14 million personal, business and public sector clients through offices in North America and some 30 countries around the world. For more information, please visit www.rbc.com.

For further information, please contact:
Judi Levita, Media Relations, (416) 974-8810