I want to reassure you that it is business as usual at RBC Dexia Investor Services. As ever, our focus remains our commitment to our clients.

Dexia’s situation will have no impact on RBC Dexia’s operations today or our future growth plans.

RBC Dexia is an independently capitalised company. In fact, our shareholder agreement is structured to prevent weakness at either parent from impairing RBC Dexia’s ability to operate as a strong, independent company.

We have a strong and highly liquid balance sheet, a conservative risk profile and our own strong credit ratings (AA- by S&P and Aa3 by Moody’s), which are based on our standalone financial strength as well as the support of our two shareholders, RBC and Dexia.

As I am sure you will understand, we cannot comment on any speculation about Dexia entities or shareholders’ future plans.

However, we continue to monitor all developments closely, and will provide you with updates as soon as they are available to us, including any potential impact for RBC Dexia.

RBC Dexia is performing well and growing strongly and will continue to do so with your support.