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 some of these factors in our 2009 Form 10-K, including in the Risk

Factors and Risk Management sections of that report, and in our subsequent 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, such as the acceleration of

accretion of the remaining issuance discount on our TARP preferred stock in connection with the first quarter 2010 redemption of such stock, our

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

provision for credit losses for National City, and other integration costs in the 2010, 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. We may also

provide information on pretax pre-provision earnings (total revenue less noninterest expense), as we believe that pretax pre-provision earnings is

useful as a tool to help evaluate the ability to provide for credit costs through operations.

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.”

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 2009 Form 10-K, including in the Risk Factors and Risk Management sections of that report, and in our subsequent

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 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 moderate

economic recovery that began last year will extend through 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;

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

•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. 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 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 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

Adjustments,

pretax

Income taxes

(benefit)

Net income

attributable to

common shareholders

Diluted EPS from

net income

$671

$333

$.66

$113

($40)

.15

250

.50

$744

$656

$1.31

Adjustments,

pretax

Income taxes

(benefit)

Net income

attributable to

common shareholders

Diluted EPS from

net income

$1,107

$1,011

$2.17

($1,076)

$389

(687)

(1.49)

155

(54)

101

.22

$521

$425

$.90

Adjustments,

pretax

Income taxes

(benefit)

Net income

attributable to

common shareholders

Diluted EPS from

net income

$530

$460

$1.03

$52

($19)

.08

$563

$493

$1.11

March 31, 2010

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

Net income, as reported

Adjustments:

Integration costs

TARP preferred stock accelerated discount accretion ²

Net income, as adjusted

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

Net income, as reported

Adjustments:

Gain on BlackRock/BGI transaction

Integration costs

Net income, as adjusted

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

Net income, as reported

Adjustments:

Integration costs

Net income, as adjusted

(1) 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.

(2) Represents accelerated accretion of the remaining issuance discount on redemption of the TARP preferred stock in February 2010.

December 31, 2009

March 31, 2009

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.

Non-GAAP to GAAP Reconcilement

Appendix

Three months ended

March 31, 2010

Year ended

December 31, 2009

in millions

Total revenue

$3,763

$16,228

Noninterest expense

2,113

9,073

Pretax pre-provision earnings

$1,650

$7,155

Provision

$751

$3,930

Excess of pretax pre-provision earnings over provision

$899

$3,225

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

For the three months ended, in millions

Pretax

Income taxes

(benefit)

Net income

Reported net income (loss)

($246)

Conforming

provision

for

credit

losses

National

City

$504

($176)

328

Net income excluding conforming provision for credit

losses

National

City

$82

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.

Year

ended,

millions

Pretax

Income taxes

(benefit)

Net income

Reported net income

$2,403

Gain on BlackRock/BGI transation

($1,076)

$389

(687)

Net income excluding gain on BlackRock/BGI transaction

Year

ended,

millions

except

percentage

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%

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

(1)

Calculated

using

marginal

federal

income

tax

rate

35%.

The

after-tax

gain

the

BlackRock/BGI

transaction

also

reflects

the

impact

state

income taxes.