Electronic presentation slides for earnings release conference call

Cautionary Statement Regarding Forward-Looking

Information and Adjusted Information

This presentation includes “snapshot” information about PNC used by way of illustration. It is not intended as a full business or financial

review and should be viewed in the context of all of the information made available by PNC in its SEC filings. The presentation also contains

forward-looking statements regarding our outlook or expectations relating to PNC’s future business, operations, financial condition, financial

performance, capital and liquidity levels, and asset quality. Forward-looking statements are necessarily subject to numerous assumptions,

risks and uncertainties, which change over time.

The forward-looking statements in this presentation are qualified by the factors affecting forward-looking statements identified in the more

detailed Cautionary Statement included in the Appendix, which is included in the version of the presentation materials posted on our

corporate website at www.pnc.com/investorevents. We provide greater detail regarding these factors in our 2008 Form 10-K, including in the

Risk Factors and Risk Management sections, and in our other SEC filings (accessible on the SEC’s website at www.sec.gov and on or through

our corporate website at www.pnc.com/secfilings). We have included web addresses here and elsewhere in this presentation as inactive

textual references only. Information on these websites is not part of this document.

Future events or circumstances may change our outlook or expectations and may also affect the nature of the assumptions, risks and

uncertainties to which our forward-looking statements are subject. The forward-looking statements in this presentation speak only as of the

date of this presentation. We do not assume any duty and do not undertake to update those statements.

In this presentation, we will sometimes refer to adjusted results to help illustrate the impact of certain types of items. This information

supplements our results as reported in accordance with GAAP and should not be viewed in isolation from, or a substitute for, our GAAP

results. We provide these adjusted amounts and reconciliations so that investors, analysts, regulators and others will be better able to

evaluate the impact of these items on our results for the periods presented. We believe that information as adjusted for the impact of the

specified items may be useful due to the extent to which these items are not indicative of our ongoing operations.

In certain discussions, we may also provide information on yields and margins for all interest-earning assets calculated using net interest

income on a taxable-equivalent basis by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest

income earned on taxable investments. We believe this adjustment may be useful when comparing yields and margins for all earning assets.

This presentation may also include a discussion of other non-GAAP financial measures, which, to the extent not so qualified therein or in the

Appendix, is qualified by GAAP reconciliation information available on our corporate website at www.pnc.com under “About PNC–Investor

Relations.”

Investment Securities

$ -

$2.6

US Treasury and government agencies

$(4.4)

100%

$46.3

Total investment securities

3.4 years

2.4

3.1

5.5

9.3

23.4

Fair value

Expected weighted average life

(.1)

(.5)

(.8)

(3.6)

Net unrealized

gain/(loss)

Non-agency residential mortgage-backed

Other (primarily municipals)

Commercial mortgage-backed

Asset-backed

% of total

Agency residential mortgage-backed

March 31, 2009,

billions

(1) Excluding corporate stocks and other included in “Other.”

(2) Rated by at least two nationally recognized rating agencies; ratings at

period end.

2008

2009

92%

the

portfolio

comprised

agency

investment

grade

equivalents

March 31

June 30

Sept 30

Dec 31

March 31

Investment securities, billions

$(3.6)

$(2.0)

$(4.4)

$(1.6)

$(5.4)

Net unrealized gain/(loss)

PNC’s Investment Securities Portfolio Is High Quality.

Credit Metrics

(1) As of quarter end, except net charge-off percentage and provision to average loans. Net charge-off percentage and provision to

average loan

percentage

are

annualized.

Average

loans

reflect

the

National

City

acquisition

beginning

with

first

quarter

2009.

Other

balance sheet items reflect National City beginning on its acquisition on December 31, 2008. Fourth quarter 2008 provision includes a

$504 million conforming provision for credit losses related to our National City acquisition.

.87

1.02

1.04

5.25

2.03

Provision to average loans

2008

2009

145

2.51

1.21

1.73

1.01

March 31

151

142

125

236

Allowance for loan and lease losses

to nonperforming loans

1.22

1.35

1.40

2.23

Allowance for loan and lease losses

to total loans

.44

.51

.60

.74

Nonperforming assets to total assets

.81

.95

1.12

.95

Nonperforming loans to total loans

.57

.62

.66

1.09

Net charge-offs to average loans

March 31

June 30

Sept 30

Dec 31

Asset quality ratios

, %

Credit Quality Deterioration Remained Manageable and Resulted

in Increased Loan Loss Reserves.

Capital and Liquidity

Substantial 3/31/09 liquidity position enables PNC to meet all 2009 debt maturities

16%

88%

4.4%

3.3%

10.2%

March 31

2009

21%

88%

5.1%

3.6%

8.2%

Sept 30

2008

15%

91%

4.3%

2.9%

9.7%

Dec 31

2008

Key Capital Ratios

Tier 1 risk-based

Tangible common equity

Tangible common equity excluding accumulated

other comprehensive loss

Investment securities to total assets

Loans to deposits

Key Liquidity Ratios

PNC Remains Well-Positioned in Terms of Capital and Liquidity.

2,3

(1) March 31, 2009 estimated. (2) Period-end common shareholders’ equity less goodwill and other intangible assets (net of deferred

taxes) excluding mortgage servicing rights, divided by period-end assets less goodwill and other intangible assets (net of deferred taxes)

excluding mortgage servicing rights. (3) Accumulated other comprehensive loss as of 3/31/09, 12/31/08, and 9/30/08 was $3.3 billion,

$3.9 billion, and $2.2 billion, respectively. Adjusted percentages are reconciled to GAAP in the Appendix.

This presentation includes “snapshot” information about PNC used by way of illustration and is not intended as a full business or financial review. It should not be

viewed in isolation but rather in the context of all of the information made available by PNC in its SEC filings.

We also make statements in this presentation, and we may from time to time make other statements, regarding our outlook or expectations for earnings, revenues,

expenses, capital levels, liquidity levels, asset quality and/or other matters regarding or affecting PNC that are forward-looking statements within the meaning of

the Private Securities Litigation Reform Act. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,”

“outlook,” “estimate,” “forecast,” “will,” “ project” and other similar words and expressions. Forward-looking statements are subject to numerous assumptions, risks

and uncertainties, which change over time.

Forward-looking statements speak only as of the date they are made. We do not assume any duty and do not undertake to update our forward-looking statements.

Actual results or future events could differ, possibly materially, from those that we anticipated in our forward-looking statements, and future results could differ

materially from our historical performance.

Our forward-looking statements are subject to the following principal risks and uncertainties. We provide greater detail regarding some of these factors in our 2008

Form 10-K, including in the Risk Factors and Risk Management sections of that report, and in our other SEC filings. Our forward-looking statements may also be

subject to other risks and uncertainties, including those that we may discuss elsewhere in this presentation or in our filings with the SEC, accessible on the SEC’s

website at www.sec.gov and on or through our corporate website at www.pnc.com/secfilings. We have included these web addresses as inactive textual

references only. Information on these websites is not part of this document.

•

Our businesses and financial results are affected by business and economic conditions, both generally and specifically in the principal markets in which

we operate. In particular, our businesses and financial results may be impacted by:

Changes in interest rates and valuations in the debt, equity and other financial markets.

Disruptions in the liquidity and other functioning of financial markets, including such disruptions in the markets for real estate and other assets

commonly securing financial products.

Actions by the Federal Reserve and other government agencies, including those that impact money supply and market interest rates.

Changes in our customers’, suppliers’ and other counterparties’ performance in general and their creditworthiness in particular.

Changes in customer preferences and behavior, whether as a result of changing business and economic conditions or other factors.

•

A continuation of recent turbulence in significant portions of the US and global financial markets, particularly if it worsens, could impact our performance,

both directly by affecting our revenues and the value of our assets and liabilities and indirectly by affecting our counterparties and the economy generally.

•

Our business and financial performance could be impacted as the financial industry restructures in the current environment, both by changes in the

creditworthiness and performance of our counterparties and by changes in the competitive landscape.

•

Given current economic and financial market conditions, our forward-looking financial statements are subject to the risk that these conditions will be

substantially different than we are currently expecting. These statements are based on our current expectations that interest rates will remain low through

2009 with continued wide market credit spreads, and our view that national economic trends currently point to a continuation of severe recessionary

conditions in 2009 followed by a subdued recovery.

Cautionary Statement Regarding Forward-Looking

Information

Appendix

•

Legal and regulatory developments could have an impact on our ability to operate our businesses or our financial condition or results of operations or our

competitive position or reputation. Reputational impacts, in turn, could affect matters such as business generation and retention, our ability to attract and

retain management, liquidity, and funding. These legal and regulatory developments could include:

Changes resulting from the Emergency Economic Stabilization Act of 2008, the American Recovery and Reinvestment Act of 2009, and other

developments in response to the current economic and financial industry environment, including current and future conditions or restrictions

imposed as a result of our participation in the TARP Capital Purchase Program.

Legislative and regulatory reforms generally, including changes to laws and regulations involving tax, pension, bankruptcy, consumer protection,

and other aspects of the financial institution industry.

Increased litigation risk from recent regulatory and other governmental developments.

Unfavorable resolution of legal proceedings or regulatory and other governmental inquiries.

The results of the regulatory examination and supervision process, including our failure to satisfy the requirements of agreements with

governmental agencies.

Changes in accounting policies and principles.

•

Our issuance of securities to the US Department of the Treasury may limit our ability to return capital to our shareholders and is dilutive to our common

shares. If we are unable previously to redeem the shares, the dividend rate increases substantially after five years.

•

Our business and operating results are affected by our ability to identify and effectively manage risks inherent in our businesses, including, where

appropriate, through the effective use of third-party insurance, derivatives, and capital management techniques.

•

The adequacy of our intellectual property protection, and the extent of any costs associated with obtaining rights in intellectual property claimed by others,

can impact our business and operating results.

•

Our ability to anticipate and respond to technological changes can have an impact on our ability to respond to customer needs and to meet competitive

demands.

•

Our ability to implement our business initiatives and strategies could affect our financial performance over the next several years.

•

Competition can have an impact on customer acquisition, growth and retention, as well as on our credit spreads and product pricing, which can affect

market share, deposits and revenues.

•

Our business and operating results can also be affected by widespread natural disasters, terrorist activities or international hostilities, either as a result of

the impact on the economy and capital and other financial markets generally or on us or on our customers, suppliers or other counterparties specifically.

•

Also, risks and uncertainties that could affect the results anticipated in forward-looking statements or from historical performance relating to our equity

interest in BlackRock, Inc. are discussed in more detail in BlackRock’s filings with the SEC, including in the Risk Factors sections of BlackRock’s reports.

BlackRock’s SEC filings are accessible on the SEC’s website and on or through BlackRock’s website at www.blackrock.com. This material is referenced

for informational purposes only and should not be deemed to constitute a part of this document.

In addition, our recent acquisition of National City Corporation (“National City”) presents us with a number of risks and uncertainties related both to the

acquisition transaction itself and to the integration of the acquired businesses into PNC. These risks and uncertainties include the following:

•

The anticipated benefits of the transaction, including anticipated cost savings and strategic gains, may be significantly harder or take longer to achieve

than expected or may not be achieved in their entirety as a result of unexpected factors or events.

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

•

Our ability to achieve anticipated results from this transaction is dependent on the state going forward of the economic and financial markets,

which have been under significant stress recently. Specifically,

we may incur more credit losses from National City’s loan portfolio than expected.

Other issues related to achieving anticipated financial results include the possibility that deposit attrition or attrition in key client, partner and other

relationships may be greater than expected.

•

Litigation and governmental investigations currently pending against National City, as well as others that may be filed or commenced relating to

National City’s business and activities before the acquisition, could adversely impact our financial results.

•

Our ability

achieve

anticipated

results

also

dependent

our

ability

bring

National

City’s

systems,

operating

models,

and

controls

into

conformity with ours and to do so on our planned time schedule. The integration of National City’s business and operations into PNC, which will

include conversion of National City’s different systems and procedures, may take longer than anticipated or be more costly than anticipated or have

unanticipated adverse results relating to National City’s or PNC’s existing businesses. PNC’s ability to integrate National City successfully may be

adversely affected

the

fact

that

this

transaction

will

result

PNC

entering

several

markets

where

PNC

did

not

previously

have

any

meaningful

retail presence.

In addition to the National City transaction, we grow our business from time to time by acquiring other financial services companies. Acquisitions in

general present

with

risks,

addition

those

presented

the

nature

the

business

acquired,

similar

some

all

those

described

above

relating to the National City acquisition.

Any annualized, proforma, estimated, third party or consensus numbers in this presentation are used for illustrative or comparative purposes only

and may not reflect actual results. Any consensus earnings estimates are calculated based on the earnings projections made by analysts who cover

that company.

The

analysts’

opinions,

estimates

forecasts

(and

therefore

the

consensus

earnings

estimates)

are

theirs

alone,

are

not

those

PNC or its management, and may not reflect PNC’s, National City’s, or other company’s actual or anticipated results.

Non-GAAP to GAAP Reconcilement

Appendix

in millions

2004

2005

2006 (c)

2007

2008

'04-'08

CAGR

Total revenue

$5,541

$6,327

$8,572

$6,705

$7,190

Noninterest expense

3,712

4,306

4,443

4,296

4,430

Pretax pre-provision earnings

$1,829

$2,021

$4,129

$2,409

$2,760

Operating leverage

For the year ended December 31

In millions, except percentages

Tangible common equity ratio (a, b)

March 31

December 31

September 30

2009

2008

Common shareholders' equity

$18,546

$17,490

$13,712

Add back: accumulated other comprehensive loss (AOCL)

3,289

3,949

2,230

Common shareholders' equity, excluding AOCL

$21,835

$21,439

$15,942

Goodwill and other intangible assets, net of deferred taxes

$9,448

$9,206

$8,812

Total assets

$286,422

$291,081

$145,610

Add back: AOCL assets

2,658

3,282

2,107

Total assets, excluding AOCL

$289,080

$294,363

$147,717

Tangible common equity ratio, as reported

3.3

2.9

3.6

Add back: AOCL assets

1.1

1.4

1.5

Tangible common equity ratio, as adjusted

4.4

4.3

5.1

(a) March 31, 2009 ratios are estimated.

(b) Period-end common shareholders’

equity less goodwill and other intangible assets (net of deferred taxes) excluding mortgage

servicing rights, divided by period-end assets less goodwill and other intangible assets (net of deferred taxes) excluding mortgage

servicing rights