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 some of these factors in our 2008 Form 10-K and 2009 Form 10-Qs, including in the Risk Factors and Risk Management sections

of those reports, 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 may 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 believe that this additional information and the

reconciliations we provide may be useful to investors, analysts, regulators and others as they evaluate the impact of these items on our results for the periods

presented.

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 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.”

Pretax Pre-Provision Earnings

Substantially

Exceed Credit Costs

PNC Is Recognized for Our Ability to Create Positive Operating

Leverage to Help Offset Credit Costs.

(1) For the nine months ended September 30, 2009, total revenue of $11.906 billion less noninterest expense of $7.365 billion equals

pretax

pre-provision

earnings

$4.541

billion.

For

the

three

months

ended

September

30,

2009,

total

revenue

$4.048

billion

less

noninterest expense of $2.379 billion equals pretax pre-provision earnings of $1.669 billion. Further information is provided in the

Appendix.

$4.0

$2.4

$1.7

$0.9

$11.9

$7.4

$4.5

$2.9

Nine months ended

Revenue

Expense

Pretax pre-provision earnings

Provision

(billions)

September 30

2009

Three months ended

High Quality, Diverse Revenue Streams

Fund

servicing

$194

Asset

management

$242

Consumer

services

$330

Corporate

services

$252

Residential

mortgage

$207

Deposit

service

charges

$248

11%

13%

18%

14%

11%

Other

$353

19%

Noninterest income

3Q09

Categories in millions

(1) Calculated as annualized taxable-equivalent net interest income divided by average earnings assets. The taxable-equivalent

adjustment to net interest income was $16 million for both the three months ended September 30, 2009 and the three months ended

June 30, 2009.

3.29

3.49

Interest rate spread

3.76%

.27

1.39

2.57

1.04

4.88

2.18

5.20

5.12%

3Q09

2Q09

Net

interest

margin

5.22%

Loans

5.32

Investment securities

2.14

Other

4.94

Total yield on interest-

earning assets

1.25

Deposits

2.97

Borrowed funds

1.65

Total rate on interest-

bearing liabilities

.31

Noninterest-bearing impact

3.60%

Net interest margin

Net interest income

$2.2 billion

55% of total revenue

$1.8 billion

45% of total revenue

Disciplined Expense Management

PNC’s Culture Includes Focusing on Continuous Improvement.

Noninterest expense comparison

Third quarter savings of approximately $200

million for a year-to-date total of more than

$460 million

Implemented common vendor and expense

policies and approval guidelines

Implementing multi-year plan to help

maximize the value of physical space owned

and leased

Began consolidation of 93 mortgage

operations

sites

into

two

centers

Chicago

and

Pittsburgh

Streamlining systems and support functions –

operations, marketing, communications,

technology, finance, other staff

Completed divestiture of 61 Western

Pennsylvania National City branches in 3Q09

Integration cost savings highlights

$60

Additional

3Q09

integration

cost

savings over 2Q09

$2,400

$2,356

Excluding selected information

(66)

$2,379

3Q09

2Q09

millions

$2,658

Noninterest expense

Selected information

125

Integration costs

133

Special FDIC assessment

Visa indemnification charge

reversal

Loan Portfolio

Commercial

and

equipment

leasing

$62.3

Commercial

real estate

$21.4

3Q09

Total loans

$160.6

Home

Equity

$29.6

Residential

real estate

$11.1

Distressed

$19.7

Other

consumer

$16.5

As of September 30, 2009. (1) Includes commercial, equipment leasing, commercial real estate, home equity, and residential real estate

loans assigned to the Distressed Assets Portfolio segment totaling approximately $19.7 billion at September 30, 2009. Further information

regarding the categories of loans in the Distressed Assets Portfolio segment and in the overall loan portfolio is provided in the Appendix.

(2) Net charge-offs to average loans, annualized. (3) Fair value marks relate to loans acquired from National City that were impaired per

FASB ASC 310-30.

Held

for

Investment

(billions)

Pace of credit quality deterioration

eased

Growth rate in nonperforming loans

slowed

Current stress in commercial real

estate and mortgage has been

manageable

Net charge-offs down 18% linked

quarter

Net charge-off ratio

of 1.59% versus

allowance to loans ratio of 2.99%

Allowance plus fair value marks as a

% of

outstanding

loans

nearly

3Q09 asset quality highlights

39%

13%

10%

19%

12%

Repositioning the Investment Securities Portfolio

Made significant progress improving

the risk profile

Increased purchases of Treasuries

and government agency securities

Sold non-agency residential

mortgage-backed securities at a gain

3Q09 unrealized pretax loss of $2.2

billion improved by $3.2 billion since

4Q08

Improved credit related OTTI

trend

from ($155) million in 2Q09 to

($129) million in 3Q09

Highlights

PNC Continued to Transition the Risk Profile of the Investment

Securities Portfolio.

$45.5

$52.0

Total

amortized

cost

(billions)

21%

45%

13%

% of portfolio

3Q09 4Q08

Asset-backed

Period end securities available for sale -

amortized cost basis

US Treasury and government agencies

Residential mortgage-backed

50%

Agency

29%

Non-Agency

Commercial mortgage-backed

Agency

Non-Agency

Other

(1) Other-than-temporary impairments.

PNC’s Framework for Success

Execute on and deliver the PNC

business model

Capitalize on integration

opportunities

Emphasize continuous

improvement culture

Leverage credit that meets our

risk/return criteria

Focus on cross selling PNC’s deep

product offerings

Focus “front door”

on risk-adjusted

returns

Leverage “back door”

credit

liquidation capabilities

Maximize credit portfolio value

Reposition deposit gathering

strategies

Action Plans

0.62%

>$800 million

44%

2.3%

87%

September 30,

2009

1.30%+

$1.2 billion

>50%

0.3%-0.5%

80%-90%

Target

Return on average

assets

(nine months ended)

Key Metrics

Loan to deposit

ratio

(as of)

Provision to

average loans

(nine months ended,

annualized)

Noninterest

income/total

revenue

(nine months ended)

Integration cost

savings

(current quarter,

annualized)

Executing our

strategies

PNC Business

Model

Staying core

funded

Returning to a

moderate risk

profile

Growing high

quality, diverse

revenue

streams

Creating

positive

operating

leverage

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,” “plan,”

“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 and 2009 Form 10-Qs, including in the Risk Factors and Risk Management sections of those reports, 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 levels of unemployment.

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 and regulatory 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 the end of recessionary conditions in the

later half of 2009 followed by a subdued recovery in 2010.

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 legislative and regulatory responses 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.

Other legislative and regulatory reforms, including broad-based restructuring of financial industry regulation as well as 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 other claims 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, and by our ability to meet evolving regulatory capital

standards.

•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

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

•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.

•Legal proceedings or other claims made and governmental investigations currently pending against National City, as well as others that may be filed, made or

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

•Our ability to achieve anticipated results is also dependent on our ability to 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 by the fact that this transaction

has resulted in 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 us with risks, in addition to those presented by the nature of the business acquired, similar to some or all of 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 or forecasts (and therefore the consensus earnings estimates) are theirs alone, are not those of PNC or its management, and

may not reflect PNC’s or other company’s actual or anticipated results.

Non-GAAP to GAAP Reconcilement

Appendix

In millions, for the three months ended

Pretax

Net income

Reported net income (loss)

($246)

National City conforming provision for credit losses

$504

328

Net income (loss) excluding National City conforming

provision for credit losses

$82

December 31, 2008

PNC believes that information adjusted for the impact of this item may be useful due to the extent to which the item is not indicative of our ongoing operations.

Nine months ended

March 31, 2009

June 30, 2009

Sept. 30, 2009

June 30, 2009

in millions

Total revenue

$3,871

$3,987

$4,048

$11,906

Noninterest expense

2,328

2,658

2,379

7,365

Pretax pre-provision earnings

$1,543

$1,329

$1,669

$4,541

PNC believes that pretax pre-provision earnings is useful as a tool to help evaluate ability to provide for credit costs through operations.

Three months ended

As of September 30, 2009, in millions

Total PNC

Loans assigned to the

Distressed Assets

Portfolio segment

Total PNC after

reassigning Distressed

Asset Portfolio loans

% of core

PNC loan

portfolio

% of total PNC

loan portfolio

Commercial and equipment leasing

$63,211

$892

$62,319

44%

39%

Commerical real estate

24,064

2,659

21,405

15%

13%

Total core commercial lending

$83,724

59%

52%

Other consumer

16,505

$16,494

12%

10%

Home equity

36,370

6,772

29,598

21%

19%

Residential real estate

20,458

9,348

11,110

Total core consumer lending

$57,202

41%

36%

Total core portfolio

$140,926

100%

88%

Distressed

19,682

12%

Total loans

$160,608

$19,682

$160,608

100%