Slide Presentation

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 these web addresses 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 may 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.”

Cautionary Statement Regarding Forward-Looking

Information

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 (continued)

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

2008,

the

American

Recovery

and

Reinvestment

Act

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

securities

the

Department

the

Treasury

may

limit

our

ability

return

capital

our

shareholders

and

dilutive

to our

common

shares.

are

unable

previously

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

the

impact

the

economy

and

capital

and

other

financial

markets

generally

our

customers,

suppliers

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

National

City

Corporation

(“National

City”)

presents

with

number

risks

and

uncertainties

both to

the

acquisition

transaction

itself

and

the

integration

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

•

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,

may

incur

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.