PNC Financial Services (PNC)

Other, including BlackRock

The “Other, including BlackRock” category, for the purposes of this release, includes earnings and gains or losses related to PNC’s equity interest in BlackRock, asset and liability management activities including net securities gains or losses and certain trading activities, equity management activities, exited businesses, provision for credit losses for conforming credit allowance adjustments related to acquisitions, other integration costs, differences between business segment performance reporting and financial statement reporting under generally accepted accounting principles, corporate overhead and intercompany eliminations.

PNC recorded earnings of $42 million in “Other, including BlackRock” for the third quarter of 2009 compared with a loss of $228 million for the second quarter of 2009. The higher results were attributable to the second quarter special FDIC assessment, the reversal of a portion of an indemnification charge related to certain Visa litigation in the third quarter, gains on private equity and alternative investments activities compared with losses in the second quarter, lower integration costs and higher BlackRock business segment earnings in the third quarter.

Other, including BlackRock

The “Other, including BlackRock” category, for the purposes of this release, includes earnings and gains or losses related to PNC’s equity interest in BlackRock and those related to Hilliard Lyons prior to its sale on March 31, 2008, asset and liability management activities including net securities gains or losses and certain trading activities, equity management activities, exited businesses, provision for credit losses for conforming credit allowance adjustments related to acquisitions, other integration costs, differences between business segment performance reporting and financial statement reporting under generally accepted accounting principles (GAAP), corporate overhead and intercompany eliminations.

PNC recorded a loss of $227 million in “Other, including BlackRock” for the second quarter of 2009 compared with a loss of $152 million for the first quarter of 2009. The higher loss primarily resulted from the special FDIC assessment, higher integration costs in the second quarter and a first quarter gain related to PNC’s BlackRock LTIP shares obligation. These items were somewhat offset by the after-tax impact of higher net securities gains, higher trading results, lower losses on private equity and alternative investments, and higher BlackRock business segment earnings.

Other, including BlackRock

The “Other, including BlackRock” category, for the purposes of this release, includes earnings and gains or losses related to PNC’s equity interest in BlackRock and those related to Hilliard Lyons prior to its sale on March 31, 2008, asset and liability management activities including net securities gains or losses and certain trading activities, equity management activities, provision for credit losses for conforming credit allowance adjustments related to acquisitions, other integration costs, differences between business segment performance reporting and financial statement reporting under generally accepted accounting principles (GAAP), corporate overhead and intercompany eliminations.

PNC recorded a loss of $197 million in “Other, including BlackRock” for the first quarter of 2009. Results included the after-tax impact of other-than-temporary impairment charges and alternative investment writedowns, equity management losses and integration costs. These items were somewhat offset by a gain related to PNC’s BlackRock LTIP shares obligation, net securities gains and BlackRock business segment earnings.

The loss in “Other, including BlackRock” of $308 million for the fourth quarter of 2008 was primarily due to $380 million of after-tax integration costs including a conforming provision for credit losses for National City, market-related impairments and BlackRock business segment earnings, partially offset by a net gain on the mark to market of PNC’s BlackRock LTIP shares obligation.

Other, including BlackRock

The “Other, including BlackRock” category, for the purposes of this release, includes earnings and gains or losses related to PNC’s equity interest in BlackRock and those related to Hilliard Lyons prior to its sale, asset and liability management activities including net securities gains or losses and certain trading activities, equity management activities, provision for credit losses for conforming credit allowance adjustments related to acquisitions, other integration costs, differences between business segment performance reporting and financial statement reporting under generally accepted accounting principles (GAAP), corporate overhead and intercompany eliminations.

PNC recorded earnings of $106 million in “Other, including BlackRock” for 2008 compared with $31 million in 2007. Other for 2008 included $422 million of after-tax integration costs, including conforming provisions for credit losses, primarily related to National City, compared with $99 million of after-tax integration costs in 2007, and higher market-related impairments and proprietary trading losses. These items were more than offset by higher net interest income and a net gain on the mark to market of PNC’s BlackRock LTIP shares obligation compared to a loss in 2007.

For the fourth quarter of 2008 PNC recorded a loss of $305 million for Other compared with a loss of $156 million in the fourth quarter of 2007 and earnings of $63 million in the third quarter of 2008. The decrease in the linked quarter comparison was primarily due to the conforming provision and higher other integration costs in the fourth quarter of 2008 partially offset by a net gain on the mark to market of PNC’s BlackRock LTIP shares obligation compared with a loss in the third quarter of 2008. The net loss in the year-over-year quarter comparison increased mainly as a result of the higher conforming provision and other integration costs and higher market-related impairments partially offset by a net gain on the mark to market of PNC’s BlackRock LTIP shares obligation compared to a loss in the fourth quarter of 2007 and higher net interest income.

BlackRock business segment earnings included in the “Other, including BlackRock” category were $207 million for 2008 compared with $253 million in 2007, and $22 million for the fourth quarter of 2008, $77 million for the fourth quarter of 2007 and $56 million for the third quarter of 2008.

Other, including BlackRock

The “Other, including BlackRock” category, for the purposes of this release, includes the earnings and gains or losses related to PNC’s equity interest in BlackRock and those related to Hilliard Lyons prior to its sale, integration costs, asset and liability management activities including net securities gains or losses and certain trading activities, equity management activities, differences between business segment performance reporting and financial statement reporting under generally accepted accounting principles (GAAP), corporate overhead and intercompany eliminations.

PNC recorded earnings of $63 million in Other for the third quarter of 2008 compared with $41 million in the third quarter of 2007 and $198 million in the second quarter of 2008. In the linked quarter comparison the decrease in earnings primarily resulted from a loss on the mark to market of PNC’s BlackRock LTIP shares obligation compared with a gain in the second quarter, higher net securities losses related to other-than-temporary impairment of securities in the available for sale portfolio and trading losses somewhat offset by higher net interest income. In the comparison with the third quarter of 2007, earnings increased mainly due to higher net interest income and lower integration costs somewhat offset by trading and equity management losses compared with gains in the prior year third quarter and higher net securities losses.

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PNC Earns $248 Million and $.71 Diluted EPS in Third Quarter – Page 9

Other, including BlackRock

The “Other, including BlackRock” category, for the purposes of this release, includes the earnings and gains or losses related to PNC’s equity interest in BlackRock and those related to Hilliard Lyons, integration costs, asset and liability management activities including net securities gains or losses and certain trading activities, equity management activities, differences between business segment performance reporting and financial statement reporting under GAAP, corporate overhead and intercompany eliminations.

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PNC Earns $505 Million and $1.45 Diluted EPS in Second Quarter – Page 8

PNC recorded earnings of $198 million in Other for the second quarter of 2008 compared with $47 million in the second quarter of 2007 and $150 million in the first quarter of 2008. In the linked quarter comparison, the increase in earnings primarily resulted from trading losses incurred in the first quarter, and higher net interest income and a higher net gain related to PNC’s BlackRock LTIP shares obligation in the second quarter of 2008. These increases were somewhat offset by the comparative impact of the first quarter 2008 reversal of an indemnification obligation related to certain Visa litigation, first quarter net securities gains, gain on sale of Hilliard Lyons and equity management gains, and higher integration costs in the second quarter. In the comparison with the second quarter of 2007, earnings increased mainly due to higher net interest income and a net gain related to PNC’s BlackRock LTIP shares obligation compared with a net loss in the prior year quarter, somewhat offset by higher integration costs.

Other, including BlackRock

The “Other, including BlackRock” category, for the purposes of this release, includes the earnings and gains or losses related to PNC’s equity interest in BlackRock, integration costs, asset and liability management activities including net securities gains or losses and certain trading activities, equity management activities, differences between business segment performance reporting and financial statement reporting under GAAP, corporate overhead and intercompany eliminations.

PNC recorded earnings of $124 million in Other for the first quarter of 2008 compared with earnings of $95 million in the first quarter of 2007 and a loss of $160 million in the fourth quarter of 2007. In the linked quarter comparison the increase in Other earnings was primarily due to a net gain on the mark to market of our BlackRock LTIP shares obligation compared with a charge in the prior quarter, a partial reversal of the fourth quarter charge for an indemnification obligation related to certain Visa litigation, lower integration costs and higher net securities gains somewhat offset by higher trading losses.

Other, including BlackRock

The “Other, including BlackRock” category, for the purposes of this release, includes the earnings and gains or losses related to PNC’s equity interest in BlackRock, integration costs, asset and liability management activities including net securities gains or losses and certain trading activities, equity management activities, differences between business segment performance reporting and financial statement reporting under GAAP, corporate overhead, and intercompany eliminations.

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PNC Reports 2007 Net Income of $1.5 Billion and Adjusted Net Income of $1.7 Billion - Page 6

PNC recorded earnings of $14 million in Other in 2007 compared with $1.3 billion in 2006. Other for 2006 included a $1.3 billion after-tax gain from the BlackRock/MLIM transaction. For the fourth quarter of 2007 PNC recorded a loss of $160 million in Other compared with earnings of $35 million in the fourth quarter of 2006 and earnings of $37 million in the third quarter of 2007. Other for the fourth quarter of 2007 included a $53 million after-tax charge for an indemnification obligation related to certain Visa litigation. The decrease in Other earnings in both periods of comparison was also due to higher charges for our BlackRock LTIP shares obligation, lower proprietary trading results and higher integration costs. Integration costs for the fourth quarter of 2007 included a provision-related pretax charge of $45 million associated with the Yardville transaction.

Other, including BlackRock

The “Other, including BlackRock” category, for the purposes of this release, includes the earnings and gains or losses related to PNC’s equity interest in BlackRock, integration costs, asset and liability management activities including net securities gains or losses and certain trading activities, equity management activities, differences between business segment performance reporting and financial statement reporting under GAAP, corporate overhead, and intercompany eliminations.

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PNC Reports Third Quarter Diluted EPS of $1.19 and Adjusted EPS of $1.37 – Page 6

PNC recorded earnings of $37 million in Other for the quarter compared with earnings of $1.1 billion in the third quarter of 2006 and $42 million in the second quarter of 2007. Other for the current quarter included a net after-tax loss of $32 million related to our BlackRock LTIP shares obligation compared to an insignificant charge in the second quarter of 2007 and higher equity management gains compared with the prior quarter and last year’s third quarter. Other for the third quarter of 2006 included a $1.3 billion after-tax gain from the BlackRock/MLIM transaction.

Other, Including BlackRock

The “Other, Including BlackRock” category, for the purposes of this release, includes the earnings and gains or losses related to our equity interest in BlackRock, Mercantile acquisition and BlackRock/Merrill Lynch Investment Managers (MLIM) transaction integration costs, asset and liability management activities, related net securities gains or losses, certain trading activities, equity management activities, differences between business segment performance reporting and financial statement reporting under GAAP, corporate overhead, and intercompany eliminations.

PNC recorded earnings of $42 million in Other for the quarter compared with earnings of $55 million in the second quarter of 2006 and $95 million in the first quarter of 2007. Other for the current quarter included lower equity management gains compared with the prior quarter and last year’s second quarter. Other for the first quarter of 2007 included a net after-tax gain of $33 million related to our BlackRock LTIP shares obligation compared to a charge of under $1 million in the second quarter of 2007 that did not impact adjusted net income.

Other, including BlackRock

The “Other, including BlackRock” category, for the purposes of this release, includes the earnings and gains (losses) related to our equity interest in BlackRock, BlackRock/Merrill Lynch Investment Managers (MLIM) transaction and Mercantile acquisition integration costs, asset and liability management activities, related net securities gains or losses, certain trading activities, equity management activities, differences between business segment performance reporting and financial statement (GAAP) reporting, corporate overhead, and intercompany eliminations.

PNC recorded earnings of $95 million in Other, compared with earnings of $35 million in both the first quarter of 2006 and in the fourth quarter of 2006. The increase compared with both quarters was largely a result of the net after-tax gain of $33 million related to BlackRock LTIP activity.