Electronic Presentation Slides

DRAFT

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 for earnings, revenues, expenses, capital levels and ratios, liquidity levels, asset levels, asset quality and other

matters regarding or affecting PNC and its future business and operations. 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 2011 Form 10-K, including in the Risk Factors and

Risk Management sections and in the Legal Proceedings and Commitments and Guarantees Notes of the Notes to Consolidated Financial Statements in

that report, and in our subsequent SEC filings. Our forward-looking statements may also be subject to other risks and uncertainties, including those

we may discuss in this presentation or in SEC filings, accessible on the SEC’s website at www.sec.gov and on PNC’s corporate website at

www.pnc.com/secfilings. We have included web addresses in this presentation as inactive textual references only. Information on these websites is

not part of this presentation.

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

forward-looking statements are subject. 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. Actual results or future events could differ, possibly materially, from those

anticipated in forward-looking statements, as well as from historical performance.

In this presentation, we 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 as 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. We

may also provide information on pretax pre-provision earnings (total revenue less noninterest expense) and on tangible book value per share

(calculated as book value per share less total intangible assets, other than servicing rights, per share). We believe that pretax pre-provision earnings,

a non-GAAP measure, is useful as a tool to help evaluate the ability to provide for credit costs through operations, and that tangible book value per

share, a non-GAAP measure, is useful as a tool to help to better evaluate growth of the company’s business apart from the amount, on a per share

basis, of intangible assets other than servicing rights included in book value. Where applicable, we provide GAAP reconciliations for such additional

information, including in the Appendix.

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 use

annualized, proforma, estimated or third party numbers for illustrative or comparative purposes only. These may not reflect actual results.

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.”

DRAFT

Evolving Environment Presents Challenges and

Opportunities

Tepid U.S.

Economic

Recovery and

Extended Low

Rates

Regulatory

Change

Market

Dislocation

PNC’s position

Business model challenges

Improving commercial loan growth

Consumer deleveraging

Reinvestment yield pressure

Housing-related delinquencies

Lower fee income

Compliance risk

Impact on business composition

Basel II & III

Impact of shadow banking

Public distrust

GSE reform

European bank deleveraging

Industry impact

Capture relationship market share

Invest in products, people and services

Expansion in attractive growth markets

Maintain a moderate risk profile

Reduce funding cost

Lower cost to serve

“Play by the new rule book”

Rebalance the customer value proposition

Leverage scale advantage to absorb costs

Invest in innovative products and solutions

Leverage our improved brand recognition

Selectively grow distribution

DRAFT

A Strong Retail Franchise -

Adapting to a Challenging

Environment

Franchise positioning

Strategic priorities

Our footprint covers nearly half of the U.S.

population

Ranked

U.S.

deposits

Serving nearly six million households

Gallup ranking above the industry average

for

“customer

confidence”

the

past

five

consecutive years

Grow checking relationships

Increase share of wallet

Lower cost to serve

Selectively invest to achieve profitable

growth

Earnings under pressure from low rate environment

Retail

Banking

pretax

pre-provision

earnings

$1.8

$0.9

$2.4

2008

2009

2010

2011

Actual

Assuming

Rates

Flat

2008

Interest

Rates

(1) Source: SNL DataSource. Rank based on U.S. deposits as of June 30, 2011 and, for PNC, the deposits PNC acquired on March 2, 2012 in

the RBC Bank (USA) transaction. (2) Pretax pre-provision earnings, a non-GAAP measure, is calculated as total revenue less noninterest

expense. (3) 2008 adjusted to include proforma National City 2008 results. (4) Assumes the application of 2008 interest rates (rather than

the actual interest rates) to the actual balances and related funds transfer pricing activities of four categories of core deposits for 2009,

2010 and 2011. Further information on footnotes 2, 3 and 4 is provided in the Appendix.

DRAFT

Continuous Improvement –

Expense Efficiencies

Provide Capacity to Invest

$8.7

$.6

($.4)

$.3-$.4

$9.2 -$9.3

RBC Bank (USA)

expense

(net of cost saves)

Efficiency

gains

Customer

enhancements

Product

innovation

2011

2012

Estimate

RBC Expenses

Continuous

Improvements

Investments

Mid-single

digit %

growth

estimate

Noninterest expense outlook

(1) Refer to the Cautionary Statement in the Appendix, including assumptions. (2) 2011 noninterest expense of $9.1 billion (GAAP) then

adjusted for the $198 million non-cash charge related to the trust preferred securities redemption in 2011 and the $240 million fourth

quarter 2011 charge for residential mortgage foreclosure-related expenses. (3) The 2012 expense base outlook includes ten months of

RBC Bank (USA) estimated operating costs of approximately $600 million. (4) Excludes the possible impact of legal and regulatory

contingencies, charges on further trust preferred redemptions, and RBC Bank (USA) integration expenses in 2012.

DRAFT

Strong Capital and Liquidity Position

Highlights

Tier 1 common ratio

Target Basel III Tier 1 common ratio to reach

between 8.0-8.5%

during 2013

Capital priorities:

–

Build capital to support client growth and

business investment

–

Maintain appropriate capital in light of

economic uncertainty

–

Return excess capital to shareholders

Strong liquidity position at year-end 2011

–

Loan-to-deposit ratio of 85%

–

Parent company two year liquidity coverage

of 172%

Basel

III

requirements

8.0% -

8.5%

2013 Target

Basel III

(1) Proforma estimate is based on PNC’s Tier 1 common ratio of 10.3% as of 12/31/11, and includes an assumed benefit of 1.7%, which reflects First

Call 2012 and 2013 estimates and current dividend payout, as well an assumed decrease of 3.5%-4.0%, which reflects assumptions utilizing Basel II

methodology regarding credit, operating and market risk and includes the treatment of BlackRock and sub-investment grade securities (assuming no

AOCI double counting) under Basel II and the addition of RBC Bank (USA) risk weighted assets. This estimate is subject to further regulatory guidance

and clarity. The estimate is based on the phase-in of Basel III framework in effect as of 2012. (2) Regulatory requirements include capital conservation

buffer (but not any potential additional surcharges or buffers) and are subject to further regulatory guidance and clarity. (3) Parent company liquidity

coverage defined as liquid assets divided by funding obligations within a two year period.

DRAFT

Outlook

–

Full Year 2012 vs. 2011

PNC is Positioned to Deliver Strong Results in 2012.

Estimated % Change

Combined

Balance sheet

Loans

Increase mid to high teens

Total revenue

Increase mid to high single digits

Combined

Income

statement

Net interest income

Increase mid to high single digits

Noninterest income

Increase mid single digits

Noninterest expense

Increase

mid

single

digits

Loan loss provision

Stable

PNC stand-alone positioned for strong results in 2012

RBC Bank (USA) acquisition expected to be accretive in 2012, excluding

integration costs

(1) Refer to the Cautionary Statement in the Appendix, including assumptions. (2) Reflects combined PNC and RBC Bank (USA). (3) Estimated

change for 2012 is based on 2011 reported results. (4) Excluding legal and regulatory related contingencies, integration costs and any capital

actions related to TPS redemptions for both 2011 and 2012 periods. (5) Excluding legal and regulatory related contingencies.

DRAFT

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 for earnings,

revenues, expenses, capital levels and ratios, liquidity levels, asset levels, asset quality and other matters regarding or affecting PNC and its future

business and operations 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,” “see,” “look,” “intend,” “outlook,” “project,” “forecast,

“estimate,” “goal,” “will,” “should” 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 made. We do not assume any duty and do not undertake to update forward-looking

statements. Actual results or future events could differ, possibly materially, from those anticipated in forward-looking statements, as well as from

historical performance.

Our forward-looking statements are subject to the following principal risks and uncertainties.

•

Our businesses, financial results and balance sheet values are affected by business and economic conditions, including the following::

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

Disruptions in the liquidity and other functioning of U.S. and global financial markets.

The impact on financial markets and the economy of the downgrade by Standard & Poor’s of U.S. Treasury obligations and other U.S.

government-backed debt, as well as issues surrounding the level of U.S. and European government debt and concerns regarding the

creditworthiness of certain sovereign governments in Europe.

Actions by Federal Reserve, U.S. Treasury and other government agencies, including those that impact money supply and market interest

rates.

Changes in customers’, suppliers’ and other counterparties’ performance and creditworthiness.

Slowing or failure of the current moderate economic recovery.

Continued effects of aftermath of recessionary conditions and uneven spread of positive impacts of recovery on the economy and our

counterparties, including adverse impacts on levels of unemployment, loan utilization rates, delinquencies, defaults and counterparty ability

to meet credit and other obligations.

Changes in customer preferences and behavior, whether due to changing business and economic conditions, legislative and regulatory

initiatives, or other factors.

•

Our forward-looking financial statements are subject to the risk that economic and financial market conditions will be substantially different than

we are currently expecting. These statements are based on our current view that the modest economic expansion will persist in 2012 and

interest rates will remain very low.

DRAFT

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

•

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

competitive position, reputation, or pursuit of attractive acquisition opportunities. Reputational impacts could affect matters such as business

generation and retention, liquidity, funding, and ability to attract and retain management. These developments could include:

Changes resulting from legislative and regulatory reforms, including broad-based restructuring of financial industry regulation and

changes to laws and regulations involving tax, pension, bankruptcy, consumer protection, and other industry aspects, and changes in

accounting policies and principles. We will be impacted by extensive reforms provided for in the Dodd-Frank Wall Street Reform and

Consumer Protection Act and otherwise growing out of the recent financial crisis, the precise nature, extent and timing of which, and their

impact on us, remains uncertain.

Changes to regulations governing bank capital and liquidity standards, including due to the Dodd-Frank Act and to Basel III initiatives.

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

addition to matters relating to PNC’s business and activities, such matters may include proceedings, claims, investigations, or inquiries

relating to pre acquisition business and activities of acquired companies, such as National City. These matters may result in monetary

judgments or settlements or other remedies, including fines, penalties, restitution or alterations in our business practices and in additional

expenses and collateral costs, and may cause reputational harm to PNC.

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

governmental agencies.

Impact on business and operating results of any costs associated with obtaining rights in intellectual property claimed by others and of

adequacy of our intellectual property protection in general.

•

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

appropriate, through effective use of third-party insurance, derivatives, and capital management techniques, and to meet evolving regulatory

capital standards. In particular, our results currently depend on our ability to manage elevated levels of impaired assets.

•

Business and operating results also include impacts relating to our equity interest in BlackRock, Inc. and rely to a significant extent on

information provided to us by BlackRock. Risks and uncertainties that could affect BlackRock are discussed in more detail by BlackRock in its

SEC filings.

•

Our acquisition of RBC Bank (USA) presents us with risks and uncertainties related both to the acquisition itself and to the integration of the

acquired businesses into PNC, including:

Anticipated benefits of the transaction, including 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.

Our ability to achieve anticipated results from this transaction is dependent also on the extent of credit losses in the acquired loan

portfolios and the extent of deposit attrition, in part related to the state of economic and financial markets. Also, litigation and regulatory

and other governmental investigations that may be filed or commenced, as a result of this transaction or otherwise, could impact the

timing or realization of anticipated benefits to PNC.

Integration of RBC Bank (USA)’s business and operations into PNC may take longer than anticipated or be substantially more costly than

anticipated or have unanticipated adverse results relating to RBC Bank (USA)’s or PNC’s existing businesses. PNC’s ability to integrate

RBC Bank (USA) successfully may be adversely affected by the fact that this transaction results in PNC entering several markets where

PNC did not previously have any meaningful retail presence.

DRAFT

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

•

In addition to the RBC Bank (USA) transaction, we grow our business in part by acquiring from time to time other financial services companies,

financial services assets and related deposits and other liabilities. These other acquisitions often present risks and uncertainties analogous to

those presented by the RBC Bank (USA) transaction. Acquisition risks include those presented by the nature of the business acquired as well as

risks and uncertainties related to the acquisition transactions themselves, regulatory issues, and the integration of the acquired businesses into

PNC after closing.

•

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

market share, deposits and revenues. Industry restructuring in the current environment could also impact our business and financial

performance through changes in counterparty creditworthiness and performance and in the competitive and regulatory landscape. Our ability

to anticipate and respond to technological changes can also impact our ability to respond to customer needs and meet competitive demands.

•

Business and operating results can also be affected by widespread disasters, dislocations, terrorist activities or international hostilities through

impacts on the economy and financial markets generally or on us or our counterparties specifically.

We provide greater detail regarding some of these factors in our 2011 Form 10-K, including the Risk Factors and Risk Management sections and

the Legal Proceedings and Commitments and Guarantees Notes of the Notes to Consolidated Financial Statements in that report, and our

subsequent SEC filings. Our forward-looking statements may also be subject to other risks and uncertainties, including those we may discuss

elsewhere in this presentation or in SEC filings, accessible on the SEC’s website at www.sec.gov and on 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.

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.

DRAFT

Non-GAAP to GAAP Reconcilement

Appendix

$ in millions

Dec. 31, 2008 (1)

Dec. 31, 2009

Dec. 31, 2010

Dec. 31, 2011

Net interest income, as reported

$1,594

$3,522

$3,435

$3,280

Proforma adjustments:

National City

1,907

Adjusted proforma net interest income

$3,501

Noninterest income, as reported

$1,137

$2,199

$1,951

$1,762

Proforma adjustments:

National City

1,297

Adjusted proforma noninterest income

$2,434

Total revenue, as reported

$2,731

$5,721

$5,386

$5,042

Total revenue, adjusted proforma

$5,935

Noninterest expense, as reported

$1,789

$4,169

$4,056

$4,103

Proforma adjustments:

National City

2,305

Adjusted proforma noninterest expense

$4,094

Pretax pre-provision earnings (revenue less noninterest expense) (1)

$1,841

$1,552

$1,330

$939

Retail Banking results for the year ended

(1) 2008 adjusted to reflect PNC Retail Banking (as reported reclassified to reflect the reporting of PNC Wealth Management in the Asset Management

Group segment beginning in 2009) combined proforma with results of the National City retail banking business for that year.

PNC believes that pretax pre-provision earnings, a non-GAAP measure, is useful as a tool to help evaluate the ability to provide for credit costs

through operations. For purposes of this comparison, adjustments have been made to 2008 in the table above to reflect including the National City

retail banking business results on a proforma basis to provide comparability.

DRAFT

Non-GAAP to GAAP Reconcilement

Appendix

$ in millions

Dec. 31, 2008

Dec. 31, 2009

Dec. 31, 2010

Dec. 31, 2011

Net interest income, as adjusted proforma for 2008 and as reported for 2009-2011

$3,501

$3,522

$3,435

$3,280

2008 interest rate adjustment:

Difference for holding interest rates flat to 2008 interest rates (1)

747

1,073

1,419

Net interest income, assuming 2008 rates

$3,501

$4,269

$4,508

$4,699

Noninterest income, as adjusted proforma for 2008 and as reported for 2009-2011

$2,434

$2,199

$1,951

$1,762

Total revenue, assuming 2008 rates

$5,935

$6,468

$6,459

$6,461

Noninterest expense, as adjusted proforma for 2008 and as reported for 2009-2011

$4,094

$4,169

$4,056

$4,103

Pretax pre-provision earnings, assuming 2008 interest rates

$1,841

$2,299

$2,403

$2,358

PNC believes that pretax pre-provision earnings, a non-GAAP measure, is useful as a tool to help evaluate the ability to provide for credit costs through

operations. PNC also believes that results adjusted to assume 2008 interest rates provide useful information on the impact of the low interest rate

environment in the 2009-2011 period. For purposes of this comparison, adjustments have been made to 2008 in the table above to reflect including the

National City retail banking business results on a proforma basis to provide comparability.

Retail Banking results for the year ended

(1) Represents the difference in net interest income if you apply the 2008 interest rates (rather than the actual interest rates) to the actual balances and

related funds transfer pricing activities for four categories of core deposits for 2009, 2010 and 2011. The four categories of core deposits include interest-

bearing demand, noninterest bearing demand, money market and savings deposits. This adjustment does not assume any change in customer behavior for

2009, 2010 and 2011 deposit balances due to the assumed 2008 interest rates.