Electronic presentation slides and related material

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 will sometimes refer to adjusted results to help illustrate the impact of certain types of items, including our fourth

quarter 2009 gain related to BlackRock’s acquisition of Barclays Global Investors (“BGI”), our fourth quarter 2008 conforming provision for

credit losses for National City, and other integration costs in the 2009 and 2008 periods. 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 respective items on our results for the periods presented due to the extent to which the 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 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.”

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

0.17%

N/A

45%

3.5%

93%

Peers

Dec. 31,

2009

0.62%

>$1.2 billion

43%

2.4%

84%

PNC

Dec. 31, 2009

1.30%+

$1.5 billion

>50%

0.3%-0.5%

80%-90%

Target

Return on

average assets

(for the year

ended)

Key Metrics

Loan to

deposit ratio

(as of)

Provision to

average loans

(for the year

ended)

Noninterest

income/total

revenue

(for the year

ended)

Integration

cost savings

(4Q09, 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

(1) Excludes

the

impact

the

$1.1

billion

pretax,

$687

million

after-tax, gain related to BlackRock’s acquisition of Barclays Global

Investors on December 1, 2009

(“the BLK/BGI gain”). Including the gain, noninterest income to total revenue percentage for the year

was

47%

and

the

return

average

assets

for

the

year

was

.87%.

Further information is provided in the Appendix. (2) Peers

represents average of banks identified in the Appendix. Source: SNL DataSource.

Overview of

PNC

A Higher Quality, Differentiated

Balance Sheet

Core funded -

loan to deposit ratio

of 84%

Appropriately reserved

Improved quality and pricing of

deposit base

Asset sensitive –

duration of equity

negative 1 year

Higher quality capital

Balance sheet positioning

2009

Performance

Summary

Preferred equity

($21)

$270

Total liabilities and equity

($13)

$39

Borrowed funds

(12)

Other time/savings

($6)

$187

Total deposits

(7)

Other liabilities

(9)

Retail CDs

$15

$126

Transaction deposits

Common equity

(16)

Other assets

(18)

157

Total loans

($21)

$270

Total assets

$56

Dec. 31,

2009

$13

YoY

change

Investment securities

Category (billions)

PNC Made Substantial Progress in 2009 Transitioning the

Balance Sheet to Reflect Our Business Model.

Pretax Pre-Provision Earnings Substantially

Exceed Credit Costs

PNC full year 2009

$17.0

$9.7

$7.3

$3.9

Peer source: SNL DataSource. (1) Total revenue less noninterest expense. Revenue includes the $1.1 billion BLK/BGI gain except where

noted. Further information is provided in the Appendix. (2) PNC Global Investment Servicing (“GIS”). For full year 2009, GIS revenue

was $781 million, expenses were $682 million, pretax pre-provision earnings were $99 million and provision was $0. (3) Further

information is provided in the Appendix.

Revenue

Expense

Pretax pre-

provision

earnings

Provision

$16.2

$9.0

$7.2

$3.9

Excluding GIS

1.86

1.85

1.83

1.50

1.47

1.37

1.32

1.22

1.09

0.89

0.66

0.40

0.27

MTB

PNC

WFC

JPM

USB

BBT

COF

FITB

BAC

CMA

STI

KEY

2009 pretax pre-provision earnings

/provision

Excluding the BLK/BGI gain 1.57x

2009

Performance

Summary

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; and

Changes in customer preferences and behavior, whether as a result of changing business and economic conditions, climate-related

physical changes or legislative and regulatory initiatives, 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

in the first half of 2010 but will move upward in the second half of the year and our view that the modest economic recovery that began last year will

extend through 2010.

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 legislative and regulatory responses to the current economic and financial industry environment;

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 and 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;

Changes resulting from legislative and regulatory initiatives relating to climate change that have or may have a negative impact on our

customers’ demand for or use of our products and services in general and their creditworthiness in particular; and

Changes to regulations governing bank capital, including as a result of the so-called “Basel 3” initiatives.

•

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 acquisition of National City Corporation (“National City”) on December 31, 2008 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

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

•Our

ability

achieve

anticipated

results

from

this

transaction

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

our

planned

time

schedule.

The integration of National City’s business and operations into PNC, which includes

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

with

risks,

addition

those

presented

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.

Impact of Planned Sale of GIS

(0.2)

(0.0)

Adjustments / other

1.1

Net intangible

1.3

Goodwill and other intangible assets

Elimination of net intangible:

Less:

(1.5)

Book equity / intercompany debt

Cash

Book

(billions)

$1.6

(0.2)

0.5

(0.3)

0.8

$2.3

PNC tangible capital improvement

Eligible deferred income taxes on goodwill

and other intangible assets

After tax gain / increase in cash

Taxes

Pretax gain

Sales price

1.8

(0.3)

2.1

$2.3

Estimated gain, cash proceeds and capital enhancement

Appendix

(1) The transaction is currently expected to close in the third quarter of 2010, subject to regulatory approvals and certain other closing

conditions.

(2)

Book

column

amount

reflects

transaction

expenses

$46

million;

cash

column

amount

reflects

transaction

expenses of

$46 million and $138 million of deferred tax reversal.

Non-GAAP to GAAP Reconcilement

Appendix

For the three months ended, in millions

Pretax

Income taxes

(benefit) (a)

Net income

Reported net income (loss)

($246)

National City conforming provision for credit losses

$504

($176)

328

Net income excluding National City conforming provision for credit

losses

$82

Year ended, in millions

Pretax

Income taxes

(benefit) (a)

Net income

Diluted EPS

Reported net income

$2,403

$4.36

Gain on BlackRock/BGI transation

($1,076)

$389

(687)

(1.51)

Net income excluding gain on BlackRock/BGI transaction

$1,716

$2.85

Year ended, in millions

Net income

Average assets

Return on

average assets

Reported

$2,403

$276,876

0.87%

Excluding gain on BlackRock/BGI transaction

$1,716

$276,876

0.62%

December 31, 2008

PNC

believes

that

information

adjusted

for

the

impact

certain

items

may

useful

due

the

extent

which

the

items

are

not

indicative

our

ongoing

operations.

(a)Calculated

using

marginal

federal

income

tax

rate

35%.

The

after-tax

gain

the

BlackRock/BGI

transaction

also

reflects

the

impact

state

income

taxes.

December 31, 2009

PNC

believes

that

information

adjusted

for

the

impact

certain

items

may

useful

due

the

extent

which

the

items

are

not

indicative

our

ongoing

operations.

December 31, 2009

Non-GAAP to GAAP Reconcilement

Appendix

in millions

Reported

Gain on

BlackRock/BGI

transaction

Reported

excluding

BlackRock/BGI

gain

Reported

Gain on

BlackRock/BGI

transaction

Reported

excluding

BlackRock/BGI

gain

Net interest income

$9,054

$2,345

Noninterest income

7,934

$1,076

6,858

2,737

$1,076

1,661

Total revenue

$16,988

$1,076

$15,912

$5,082

$1,076

$4,006

Noninterest income/total revenue

47%

43%

54%

41%

in millions

Reported

excluding

BlackRock/BGI

gain

Global Investment

Servicing

Reported

excluding

BlackRock/BGI

gain and Global

Investment

Servicing

Net interest income

$9,054

($29)

$9,083

Noninterest income

6,858

810

6,048

Total revenue

$15,912

$781

$15,131

Noninterest income/total revenue

43%

40%

PNC

believes

that

information

adjusted

for

the

impact

certain

items

may

useful

due

the

extent

which

the

items

are

not

indicative

our

ongoing

operations.

Year ended Dec. 31, 2009

Three months ended Dec. 31, 2009

Year ended Dec. 31, 2009

Non-GAAP to GAAP Reconcilement

Appendix

Year ended

March 31, 2009

June 30, 2009

Sept. 30, 2009

Dec. 31, 2009

in millions

Total revenue

$3,871

$3,987

$4,048

$5,082

$16,988

Noninterest expense

2,328

2,658

2,379

2,369

9,734

Pretax pre-provision earnings

1,543

1,329

1,669

2,713

7,254

Provision for credit losses

880

1,087

914

1,049

3,930

Excess of pretax pre-provision earnings over credit losses

$663

$242

$755

$1,664

$3,324

Net charge-offs

$431

$795

$650

$835

$2,711

Pretax pre-provision earnings / provision

1.85

Total revenue

$3,871

$3,987

$4,048

$5,082

$16,988

Gain on BlackRock/BGI transaction

1,076

Total revenue excluding BlackRock/BGI gain

3,871

3,987

4,048

4,006

15,912

Noninterest expense

2,328

2,658

2,379

2,369

9,734

Pretax pre-provision earnings excluding BlackRock/BGI gain

1,543

1,329

1,669

1,637

6,178

Provision for credit losses

880

1,087

914

1,049

3,930

Excess of pretax pre-provision earnings excluding BlackRock/BGI

gain over credit losses

$663

$242

$755

$588

$2,248

Net charge-offs

$431

$795

$650

$835

$2,711

Pretax pre-provision earnings excluding BlackRock/BGI gain /

provision

1.57

Three months ended

PNC

believes

that

pretax

pre-provision

earnings

useful

tool

help

evaluate

ability

provide

for

credit

costs

through

operations.

PNC

believes

that

information

adjusted

for

the

impact

certain

items

may

useful

due

the

extent

which

the

items

are

not

indicative

our

ongoing

operations.

Non-GAAP to GAAP Reconcilement

Appendix

Adjustments,

Income taxes

Net

Diluted

Adjustments,

Income taxes

Net

Diluted

For the three months ended, in millions except per share data

Pretax

(benefit) (a)

Income

EPS

Pretax

(benefit) (a)

Income

EPS

Net income, as reported

$1,107

$2.17

$559

$1.00

Adjustments:

Gain on BlackRock/BGI transaction

($1,076)

$389

(687)

(1.49)

Integration costs

155

(54)

101

.22

$89

($31)

.12

Net income, as adjusted

$521

$.90

$617

$1.12

Adjustments,

Income taxes

Net

Diluted

For the three months ended, in millions except per share data

Pretax

(benefit) (a)

Income

EPS

Net income (loss), as reported

($246)

$(.77)

Adjustments:

Conforming provision for credit losses - National City

$504

($176)

328

.94

Other integration costs

(29)

.15

Net income, as adjusted

$134

$.32

Adjustments,

Income taxes

Net

Diluted

Adjustments,

Income taxes

Net

Diluted

Year ended, in millions except per share data

Pretax

(benefit) (a)

Income

EPS

Pretax

(benefit) (a)

Income

EPS

Net income, as reported

$2,403

$4.36

$914

$2.44

Adjustments:

Gain on BlackRock/BGI transaction

$(1,076)

$389

(687)

(1.51)

Conforming provision for credit losses - National City

$504

($176)

328

.95

Other integration costs

421

(147)

274

.60

145

(51)

.27

Net income, as adjusted

$1,990

$3.45

$1,336

$3.66

December 31, 2009

September 30, 2009

(a) Calculated using a marginal federal income tax rate of 35%. The after-tax gain on the BlackRock/BGI transaction also reflects the impact of state income taxes.

December 31, 2008

December 31, 2009

December 31, 2008

PNC believes that information adjusted for the impact of certain items may be useful due to the extent to which the items are not indicative of our ongoing operations.