PNC Financial Services (PNC)

EQUITY FUNDING AND OTHER COMMITMENTS

Our unfunded commitments at March 31, 2009 included private equity investments of $516 million and other investments of $159 million.

EQUITY FUNDING AND OTHER COMMITMENTS

Our unfunded commitments at December 31, 2008 included private equity investments of $540 million and other investments of $178 million.

EQUITY FUNDING AND OTHER COMMITMENTS

Our unfunded commitments at September 30, 2008 included private equity investments of $238 million and other investments of $70 million.

EQUITY FUNDING AND OTHER COMMITMENTS

Our unfunded commitments at June 30, 2008 included private equity investments of $254 million and other investments of $74 million.

EQUITY FUNDING AND OTHER COMMITMENTS

Our unfunded commitments at March 31, 2008 included the following:

The amount of other investments at March 31, 2008 included those related to Steel City Capital Funding LLC (“Steel City”). We entered into a joint venture with a third party on March 1, 2007 to form Steel City for purposes of purchasing and originating second lien loans and turnaround loans. Steel City is a limited liability company in which various PNC subsidiaries hold approximately a 31% equity ownership. Our 2007 Form 10-K has additional information on this investment. At March 31, 2008, our capital contribution to

EQUITY FUNDING AND OTHER COMMITMENTS

Our unfunded commitments related to private equity investments, affordable housing limited partnerships, other investments, and historic tax credits were $270 million, $98 million, $79 million, and $26 million, respectively, at December 31, 2007. The amount of other investments at December 31, 2007 included those related to Steel City Capital Funding LLC (“Steel City”) as further discussed below.

On March 1, 2007, we entered into a joint venture with a third party to form Steel City for purposes of purchasing and originating second lien loans and turnaround loans. Our primary reason for pursuing this venture was to leverage our strengths of origination and servicing, provide an additional product to our customers, and allow for us to moderate the risks associated with this asset class. Additionally, we will earn fees for portfolio management services. Steel City is a limited liability company in which various PNC subsidiaries hold approximately a 31% equity ownership. At December 31, 2007, our capital contribution to Steel City was approximately $28 million with a commitment to fund an additional $50 million. The third party investor has contributed $64 million with a commitment to fund an additional $111 million. We

EQUITY FUNDING AND OTHER COMMITMENTS

Our unfunded commitments related to private equity investments, affordable housing limited partnerships and other investments were $267 million, $108 million and $64 million, respectively, at June 30, 2007. The amount of other investments at June 30, 2007 included those related to Steel City Capital Funding LLC (“Steel City”) as further discussed below.

On March 1, 2007, we entered into a joint venture with a third party to form Steel City for purposes of purchasing and originating second lien loans and turnaround loans. Our primary reason for pursuing this venture was to leverage our strengths of origination and servicing, provide an additional product to our customers, and allow for us to moderate the risks associated with this asset class. Additionally, we will earn fees for portfolio management services. Steel City is a limited liability company in which various PNC subsidiaries hold approximately a 31% equity ownership. At June 30, 2007, our capital contribution to Steel City was approximately $28 million with a commitment to fund an additional $50 million. The third party investor has contributed $63 million with a commitment to fund an additional $112 million. We evaluated the accounting for this transaction under FIN 46R and Account Research Bulletins 51 (“ARB 51”) and other appropriate generally accepted accounting principles and determined that our aggregate investment will be accounted for under the equity method. This transaction did not have a material impact on our consolidated results of operations.

On May 24, 2007, we entered into a joint venture with Vornado Realty Trust to construct a new headquarters building for the Washington, DC market. The joint venture is expected to close in December 2007. We will contribute approximately $64 million in property in exchange for a 51% ownership interest. At closing, the joint venture entity will be named PNC VNO 17^th Street LLC.

EQUITY FUNDING AND OTHER COMMITMENTS

Our unfunded commitments related to private equity investments, affordable housing limited partnerships and other investments were $291 million, $56 million and $60 million, respectively, at March 31, 2007. The amount of other

EQUITY FUNDING AND OTHER COMMITMENTS

We had commitments to make additional equity investments in certain equity management entities of $131 million and affordable housing limited partnerships of $42 million at September 30, 2006.

Additionally, in October 2005, we committed $200 million to PNC Mezzanine Partners III, L.P., a $350 million mezzanine fund that invests principally in subordinated debt securities with an equity component. Funding of this investment is expected to occur over a five-year period. The remaining unfunded commitment on September 30, 2006 was $179 million. The limited partnership is consolidated for financial reporting purposes as PNC has a 57% ownership interest.

In July 2006, we committed to invest an aggregate of $100 million in FIM Holdings, LLC (“FIM”) as a non-managing member with a 1.25% ownership interest. FIM was formed to acquire a 51% ownership position in GMAC LLC from General Motors Corporation (“GM”) and to make a purchase of redeemable preferred stock from GMAC LLC. Our commitment, presently unfunded, is subject to satisfaction of certain conditions to the obligations of FIM contained in an agreement between FIM and GM. The current timetable for the closing and funding of this investment is the fourth quarter of 2006. However, delays in satisfying pre-closing conditions included in the agreements, including regulatory approval, may delay this investment until 2007.