PNC Financial Services (PNC)

15 MILLION SHARES OF COMMON STOCK

PITTSBURGH, May 14, 2009 – The PNC Financial Services Group, Inc. (NYSE: PNC) today announced plans to sell up to 15 million shares of its common stock, par value $5.00 per share, from time to time through an “at the market” offering with Morgan Stanley & Co. Incorporated (“Morgan Stanley”) as its sales agent. PNC has filed a prospectus supplement to its existing automatic shelf registration statement on file with the Securities and Exchange Commission (Commission File No. 333-139912) in connection with this offering.

Today’s announcement is related to PNC’s capital plan for increasing its Tier 1 common equity capital by $600 million following the results of the Supervisory Capital Assessment Program of the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. PNC expects to further enhance its Tier 1 common equity through growth in retained earnings, the at-the-market offering and other capital raising alternatives.

PNC has filed a registration statement (including a prospectus) with the SEC for the offering related to this announcement. Before you invest, you should read the prospectus in that registration statement and other documents PNC has filed with the SEC for more complete information about PNC and this offering. You may obtain these documents by visiting the SEC Web site at www.sec.gov. Alternatively, PNC or the sales agent will arrange to send you the prospectus if you request it by contacting PNC, Investor Relations, at 412-762-5137 or Morgan Stanley at 866-718-1649 or by e-mail at prospectus@morganstanley.com.

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation’s largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.