R Split II Corp. Announces Redemption Prices for Capital Shares and Preferred Shares

    TORONTO, May 28 /CNW/ - R Split II Corp. announced today that the
redemption prices for all outstanding Capital Shares and Preferred Shares to
be paid on May 29, 2009 are as follows:

    Redemption Price per Preferred Share = $30.50

    Redemption Price per Capital Share = $28.6859

    The Preferred Shares and Capital Shares were issued on April 28, 2004 for
$30.50 and $17.55, respectively.
    Holders of 286,650 Capital Shares requested delivery of and will receive
their pro rata share in Royal Bank Shares in payment for their Capital Shares.
    The Capital Shares and Preferred Shares will be de-listed from the
Toronto Stock Exchange as at the close of trading on May 29, 2009.

    %SEDAR: 00020472E

For further information:

For further information: Investor Relations R Split II Corp., (416)
945-5353, E-mail: mc_rsplit2@scotiacapital.com, Web site:

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