RBC Global Asset Management Inc. Announces Changes to RBC Private Pools

TORONTO, January 24, 2012 -RBC Global Asset Management Inc. (RBC GAM) today announced changes to the RBC Private U.S. Growth Equity Pool and the RBC Private Canadian Growth and Income Equity Pool.

Details of the changes are as follows:

RBC Private U.S. Growth Equity Pool
Effective today, RBC GAM has initiated a search to identify a replacement sub-advisor for the RBC Private U.S. Growth Equity Pool. Aletheia Research and Management Inc. will continue its role as sub-advisor for the Pool until another sub-advisor is identified. RBC GAM will continue to provide investment management oversight for the Pool and manage the transition to ensure consistency for the unitholders.

RBC Private Canadian Growth and Income Equity Pool
Effective February 13, 2012, the RBC Private Canadian Growth and Income Equity Pool will re-open for new purchases. Re-opening the Pool will allow existing investors to add to their holdings and enable new investors to purchase the Pool for the first time.

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For more information, please contact:
Yen To, RBC GAM Communications, 416 955-5916
Leah Commisso, RBC GAM Media Relations, 416 955-6498

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