Publication of a Prospectus
Regulatory Announcement Royal Bank of Canada May 3, 2018 Publication of Prospectus Not for release, publication or distribution, directly or indirectly, in or into the United States. Royal Bank of Canada has agreed to issue ZAR 300,000,000 8.45 per cent. Notes due May 8, 2023, Series 37826 (the "Notes") pursuant to its Programme for the Issuance of Securities (the "Programme"). The following document constitutes the final terms dated May 3, 2018 (the "Final Terms") relating to the admission to trading of the Notes for purpose of Article 5.4 of Directive 2003/71/EC and must