TORONTO, March 2, 2007 — RBC Asset Management Inc. today announced February net long-term fund sales of $1.329 billion. Money market net sales were $200 million for a total of $1.529 billion in overall net sales for the month. For the 12 months ended February 28, 2007, RBC Asset Management recorded net sales of $7.1 billion, including $5.6 billion in long term net sales and $1.5 billion in money market net sales.

For the period between January 1, 2007 and March 1, 2007, which is typically defined as the RRSP season, RBC Asset Management had record long-term net sales of $2.21 billion and money market net sales of $214 million for a total of $2.42 billion in overall net sales.

Net sales of the RBC Select Portfolios totalled $613 million in February. Top selling individual funds included the RBC Canadian Dividend Fund with $153 million in net sales and the RBC O’Shaughnessy International Equity Fund with $146 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 $78 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.

For further information, please contact:
Kathy Bevan, Media Relations, (416) 974-8810