Royal Bank of Canada (RY) investor relations material

Opening remarks and agenda

• Meeting opened with land acknowledgment and introduction of board members and officers present in Toronto.

• Agenda included election of directors, appointment of auditor, advisory vote on executive compensation, and shareholder proposals.

• Voting procedures and language accessibility were explained for both in-person and online participants.

Board and executive committee updates

• All 13 director nominees were current directors, with biographies provided in the proxy circular.

• PricewaterhouseCoopers was nominated and appointed as auditor until the next AGM.

Shareholder proposals

• Eleven proposals were submitted by MÉDAC, covering topics such as AGM participation, youth inclusion, responsible compensation, board skill diversification, systemic board role, forced labor, AI regulation, transparency, environmental policies, circular economy, and in-person meetings.

• Board and management recommended voting against all proposals, citing reasons in the proxy circular.

• Proposals reflected ongoing shareholder concerns about governance, transparency, and sustainability.

• Shareholder engagement was described as more difficult this year, with only MÉDAC submitting proposals.