PNC Declares Dividend of 66 Cents on Common Stock and Initial Dividend on Preferred Stock, Series K

PITTSBURGH, Oct. 2 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that the board of directors declared a quarterly cash dividend of 66 cents per share on the common stock. The dividend is payable Oct. 24, 2008 to shareholders of record at the close of business Oct. 13, 2008.

The board also declared a quarterly cash dividend on the following preferred stocks:

-- Series A and B: a dividend of 45 cents per share will be payable Dec. 10, 2008 to shareholders of record at the close of business Nov. 18, 2008.

-- Series C: a dividend of 40 cents per share will be payable Jan. 2, 2009 to shareholders of record at the close of business Dec. 5, 2008.

-- Series D: a dividend of 45 cents per share will be payable Jan. 2, 2009 to shareholders of record at the close of business Dec. 5, 2008.

-- Series K: a dividend of $412.50 per share, ($41.25 per each depositary share representing one-tenth of a share of the Series K preferred stock), will be payable on Nov. 21 to shareholders of record at the close of business Oct. 31.

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation's largest diversified financial services organizations providing retail and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.

SOURCE PNC Financial Services Group, Inc.

Released October 2, 2008