Mr. Niranjan Vivekanandan of Royal Bank reports

RBC PARTNERS WITH METRO'S MOI REWARDS PROGRAM TO DELIVER MORE EVERYDAY VALUE TO CONSUMERS

Royal Bank of Canada and Metro Inc. have entered into a new loyalty partnership, starting with the launch of the no-annual-fee Moi RBC Visa credit card, enabling consumers to receive exclusive value at participating Metro locations. Cardholders will earn Moi points on all purchases, including everyday spending categories such as dining, gas and electric-vehicle charging, as well as access unique savings and offers from Avion Rewards and its extensive merchant partner network.

Moi points accumulated through the Moi rewards program, and the Moi RBC Visa credit card can be redeemed at checkout at nearly 900 Metro, Super C, Brunet and Premiere Moisson stores in Quebec, and Jean Coutu stores in Quebec, New Brunswick and Ontario.

"RBC has been a leader in the Canadian credit card and loyalty landscape for many decades, and we're excited to officially welcome them into the Moi program through this partnership, which will help our customers save more by rewarding them on their everyday purchases," said Alain Tadros, vice-president of marketing, Metro. "We look forward to a long and successful collaboration."

"We're proud to partner with Metro to bring the power of Moi to consumers and help them unlock even more value through our extensive network of Avion Rewards merchant partners," said Niranjan Vivekanandan, head of loyalty and merchant solutions at RBC. "This is an important milestone, as it brings together two trusted and leading Canadian brands that are focused on rewarding Canadians in ways that are most meaningful to them."

"With RBC and Metro's deeply rooted history in Quebec, we're excited to work together to bring consumers more value and savings in their everyday shopping experience," said Nadine Renaud-Tinker, regional president, Quebec, at RBC.

Points everywhere on all your purchases

With the Moi RBC Visa credit card, consumers will:

• Earn two times the Moi points on qualifying purchases at Metro, Premiere Moisson and Brunet stores in Quebec, and at Jean Coutu stores in Quebec, Ontario and New Brunswick;
• Earn two times the Moi points per $1 spent on gas, EV charging and dining;
• Earn one Moi point per $1 spent at Super C locations and on all other purchases;
• Have access to Avion Rewards' extensive network of merchant partners, bringing exclusive savings, offers and perks to consumers, including:
  • Save three cents per litre instantly on gas and earn 20 per cent more Petro-Points at Petro-Canada when linking their Moi RBC Visa credit card to their Petro-Points card;
  • Get up to 10 per cent back in statement credits on their first $250 of qualifying purchases and 5-per-cent cashback on the next $1,250 when paying with their Moi RBC Visa credit card at Rona, Reno-Depot and Lowe's.

The Moi RBC Visa credit card has no annual fee, and cardholders who apply before Aug. 31, 2023, and get approved by RBC will also earn a limited-time bonus of 4,000 Moi points. Moi points are the currency of the Moi rewards program, which can be redeemed for cash value at checkout or through the Moi app at participating Metro stores, including Metro, Super C, Premiere Moisson and Brunet, in Quebec, as well as Jean Coutu stores in Quebec, New Brunswick and Ontario.

About Royal Bank of Canada

Royal Bank is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. The bank's success comes from the greater than 98,000 employees who leverage their imaginations and insights to bring the bank's vision, values and strategy to life so it can help its clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world based on market capitalization, Royal Bank has a diversified business model with a focus on innovation and providing exceptional experiences to its 17 million clients in Canada, the United States and 27 other countries.

The bank is proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.

About Metro Inc.

With annual sales of more than $19-billion, Metro is a food and pharmacy leader in Quebec and Ontario, providing employment to more than 95,000 people. Its purpose is to nourish the health and well-being of its communities. As a retailer, franchisor, distributor, manufacturer and provider of e-commerce services, the company operates or services a network of 975 food stores under several banners, including Metro, Metro Plus, Super C and Food Basics, and 645 drugstores primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.