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Maple2003-31BondTrustMaple2003-3CDOMARKETINGPRESENTATIONApril2003Maple2003-32BondTrust1.22.43.104.155.236.277.ARBCCDO298.31Maple2003-33BondTrustThispresentationisdeliveredtoyoubasedonourunderstandingthatyouareasophisticatedinstitutionalinvestorthatcanindependentlyassessandunderstandsthemeritsandrisksofthetransactionandthatyouhaveaccesstosuchaccounting,legalandtaxadvisersandotherexpertsasyoumayrequire.Thispresentationisdeliveredtoyoufordiscussionpurposesonlyanddoesnotrepresentanoffertosellanysecurities.YourattentionisdirectedtotheadditionalqualificationsanddisclaimerthatappearsonthefinaltwopagesofthispresentationforfurtherconsiderationsregardingRBCCapitalMarketsandtheproposedtransaction.Maple2003-34BondTrust•RBCCapitalMarkets(“Maple2003-3Notes”)1,000,000,000“”SPV:specialpurposevehicle•5.•RBCCDO6%F.•A•CDOCDOMaple2003-35BondTrust•E1500(1.5%)(S&P)BBB6000(6%)F.•D1500A.7500(7.5%)EF.•C2000AA.9000(9%)EFD.•B5000AAA.11000(11%)EFDC.•Maple2003-35.•Maple2003-3TribuneAaa.Maple2003-36BondTrust•.•502000•,.•(Moody’s)(“WARF”)366Baa2.•32.Maple2003-37BondTrust50()2032Baa2/Baa3SeniorUnsecured(%S&PA84084.00%NR5yearsNAB505.00%AAA5yearsL+100bpsareaC202.00%AA5yearsL+200bpsareaD151.50%A5yearsL+300bpsareaE151.50%BBB5yearsL+600bpsareaF606.00%NR5yearsNAMaple2003-38BondTrust…•:•:•••:•:••“”Maple2003-39BondTrustMaple2003-310BondTrustRBC50A:$410mmNR:N/ARBCB:$50mm:AAA:L+100bpsareaC:$20mm:AA:L+200bpsareaRBCMaple2003-3AaaD:$15mm:A:L+300bpsareaTribuneE:$15mm:BBB:L+600bpsareaF:$60mm:NR:N/AMaple2003-311BondTrust•$1,000,000,00050,•.•CDORBCCapitalMarketsRBCCapitalMarkets•CDO.••Maple2003-312BondTrust()•CDO“”(••5.Investor“payments”undertherespectivecreditdefaultswapagreement,orcreditlinkednotecanbetriggeredunderthefollowingcreditevents,aspertheISDA1999definitionsandallrelevantsupplements:–––(asperISDA2001Supplement)forUSandCanadianobligors;“Old”Restructuring(1999definitions)forEuropeanandHongKongobligorsMaple2003-313BondTrustTribune•.••.•.•.•.•.•.•.Maple2003-314BondTrustMaple2003-315BondTrust•:$1,000,000,000•:50•:$20,000,000•:2%•:32•S&P:17•:14%()•:70%USandCanada;18%Europe;10%UK;2%Israel•:(asofMarch14,2003)•–notchedforwatchlisting*Baa2(366WARF-10year)•:BBB-/Baa3•(S&P):5*Creditsonwatchfordowngradeareassumedtohavebeendowngradedby1notchesMaple2003-316BondTrustReferenceEntityS&PRatingS&PWatchMoodysRatingMoodysWatchS&PSectorCountryAMERICANFINANCIALGROUPBBBBaa3InsuranceUSInternationalLeaseFinanceCorporationAA-A1FinancialintermediariesUSAOLTimeWarnerInc.BBB+-Baa1Cable&satellitetelevisionUSArvinMeritorIncBBB-Baa3AutomotiveUSArrowElectronics,Inc.BBB-Baa3Electronics/electricalUSMotorola,Inc.BBBBaa2Electronics/electricalUSAvnet,Inc.BBB-Baa3Electronics/electricalUSAT&TWirelessServices,IncBBBBaa2TelecommunicationsUSBombardierCapitalIncBBB+-Baa2-ConglomeratesCanadaBayerAGA+A2Chemicals&plasticsGermanyComputerAssociatesInternationalIncBBB+Baa2Businessequipment&servicesUSCarltonCommunicationsplcBBB-+Baa3Cable&satellitetelevisionUKCendantCorporationBBBBaa1Businessequipment&servicesUSConstellationEnergyGroupIncA-Baa1UtilitiesUSCITGroup,IncAA2FinancialintermediariesUSCommerzbankAGA-A2FinancialintermediariesGermanyCapitalOneBankBBB-Baa2FinancialintermediariesUSDelphiCorporationBBBBaa2AutomotiveUSDukeCapitalCorporationA-Baa2Oil&gasUSElectronicDataSystemsCorporationA-Baa2Businessequipment&servicesUSFordMotorCreditCompanyBBBA3AutomotiveUSTheHertzCorporationBBBBaa2AirtransportUSSprintCorporation.BBB-Baa3TelecommunicationsUSGeneralMotorsAcceptanceCorporationBBBA2AutomotiveUSIsraelElectricCorporationLtd.A3Oil&gasIsraelMaple2003-317BondTrust()ReferenceEntityS&PRatingS&PWatchMoodysRatingMoodysWatchS&PSectorCountryAlliantEnergyCorpBBB+Baa3Oil&gasUSDeutscheLufthansaAGBBB+Baa1AirtransportGermanyMBIAInc.AAA2InsuranceUSPhilipMorrisCompanies,IncA--Baa1-Beverage&TobaccoUSOldMutualplcA2FinancialintermediariesUKOlivettiSpABBBBaa2TelecommunicationsItalymm02PLCBBB-Baa2TelecommunicationsUKPSEGPowerLLCBBBBaa1UtilitiesUSRadianGroupInc.AA2InsuranceUSRepsolYPFSABBBBaa2Oil&gasSpainRolls-RoyceplcA--Baa1Aerospace&DefenceUKRoyalGroupTechnologiesLtdBBBBuilding&DevelopmentCanadaSearsRoebuckAcceptanceCorp.BBB+Baa1Retailers(exceptfood&drug)USSCORSAA-Baa3InsuranceFranceSunMicrosystems,Inc.BBBBaa1Electronics/electricalUSTECOEnergyIncBBBBaa2UtilitiesUSTechnip-CoflexipSAA-Building&DevelopmentFranceToys“R”Us,Inc.BBB-Baa3Retailers(exceptfood&drug)USUNIONFENOSAINVERSIONES,S.A.BBB+Baa2UtilitiesSpainUNUMPROVIDENTCORPBBB-Baa3-InsuranceUSVisteonCorporationBBBBaa2AutomotiveUSVerizonWirelessCapitalLLCA+TelecommunicationsUSWPPGroupPlcA-Baa1-PublishingUKXLCapitalLtdA+A1InsuranceUSZurichInsuranceCoA+A2-InsuranceSwitzerlandMaple2003-318BondTrustMoody’s--1-272101410---------246810121416AaaAa1Aa2Aa3A1A2A3Baa1Baa2Baa3Ba1Ba2Ba3B1B2B3CaaNRMaple2003-319BondTrustS&P--114386169-------2-24681012141618AAAAA+AAAA-A+AA-BBB+BBBBBB-BB+BBBB-B+BB-CCCNRMaple2003-320BondTrustS&PS&PSectorsFractionS&PSectorsFractionAerospace&Defence2.00%Food/drugretailers0.00%Airtransport4.00%Foodproducts0.00%Automotive10.00%Foodservice0.00%Beverage&Tobac